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534 Farm Ln, Rockwall, TX, 75087

$2,250,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths
2,087 SqFt
$1,078/SqFt
House

Location

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534 Farm Ln, Rockwall$2,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAdditional Parking
Year Built1984
FireplaceWood Burning
MLS #20767930
Lot Size16.00 Acres
StatusActive

About 534 Farm Ln

Uncover 16 acres of prime land in North Rockwall with no HOA, offering the perfect blend of investment potential and freedom to create your dream estate. Currently operating as a successful short-term rental, the updated 3-bedroom, 2-bath home on the property generates steady income, and sleeps 12 including the upstairs loft providing immediate revenue while you design and build the custom home you've always envisioned. With owner financing options available, securing this expansive property has never been easier. This is a rare chance to own substantial land in a sought-after area, with the flexibility to enjoy privacy, build a private retreat, or capitalize on the proven STR income potential. Invest, build, and dream—all in one exceptional location. Additional acreage available on top of the 16 acres Previous listing was for only 10 acres without the house included for reference

Property Details

Property Features

Property Information:

  • Architectural Style: Detached
  • Year Built: 1984
  • Living Area: 2,087 SqFt

Listing Office:

  • Office Name: eXp Realty LLC
  • Office Phone: (214) 608-1951
  • Listing Agent: Zakary Schmidt

Interior Features

Interior Information:

  • Appliances: Electric Cooktop, Electric Oven, Disposal
  • Basement: No
  • Interior: Loft, Open Floorplan, Pantry, Cable TV, Vaulted Ceiling(s)
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Parking: Additional Parking

Virtual/3D Tour

  • Virtual Tour: 534 Farm Ln
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Lot Features

Lot Information:

  • Lot: Agricultural
  • Lot Size: 16.00 Acres

Other

Directions Information:

  • Directions: At the end of Farm Lane

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,250,000
  • Price Per SqFt: $1,078/SqFt

Tax Information:

  • Annual Amount: $247
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Rockwall, TX.

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Rockwall, TX

City

Med. List Price

$553.3K

Med. Price/SqFt

$205

Avg. Days On Market

96

# of Sold Homes

83

534 Farm Ln vs Rockwall

47 DAYS ON ROCKET

-49 Days

$2,250,000

+$1.6M More

$1,078/SqFt

+$873 More

KEY TAKEAWAY

This property is $1.6M more than the Median List Price and $873/SqFt more than other homes in Rockwall, TX.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NTR
  • MLS Number: #20767930

Listing Office:

  • Office Name: eXp Realty LLC
  • Office Phone: (214) 608-1951
  • Listing Agent: Zakary Schmidt

IDX ©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 12/18/2024, 5:21:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$247$6,050
2020$247$15,230
2019$302$16,710
2018$303$17,230
2017$332$18,550

History based on county public records data.

Payment Calculator

$11.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,812

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4417323
8
/10

  • Celia Hays Elementary School

  • 1880 Tannerson Dr

  • 0.87 miles

  • Public District Grades PK-6

school-card-donut-4417324
8
/10

  • Sherry and Paul Hamm Elementary School

  • 2911 Greenway Dr

  • 1.71 miles

  • Public District Grades PK-6

school-card-donut-4417325
9
/10

  • Nebbie Williams Elementary School

  • 350 Dalton Rd

  • 2.14 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $89,665. Typical income of Rockwall, TX residents is between $35k-100k annually. Residents typically live in married, with kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 534 Farm Ln

What is the listing price of this property?

The listing price of 534 Farm Ln property is $2,250,000.

What type of property is this?

The property 534 Farm Ln is a house located in Rockwall, Texas, 75087.

Is this property for sale now?

Active Listing: 534 Farm Ln is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $247 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 534 Farm Ln has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 534 Farm Ln is 2,087 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 534 Farm Ln is 1984.

Rocket Homes›Texas›Rockwall County›Rockwall›75087›534 Farm Ln

This home is located at 534 Farm Ln in Rockwall, TX and zip code 75087. This 2,087 square foot home, which was built in 1984, sits on a 16.00 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 31, 2024 and is currently priced at $2,250,000.

The inventory of homes for sale in Rockwall, TX between October 2024 and November 2024 increased by 2.8%. Listings spent 96 days on the market in November 2024, and had a median list price of $553,302 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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