Amazing residential lot in Rowlett for those looking to build their dream home in a charming neighborhood. With ample space to design a custom layout, this property offers endless possibilities to create the perfect residence. With plenty of room to build, as the lot sits on just under half an acre, and is only minutes away shopping, restaurants, schools, Hwy 66, I-30 and the beautiful Lake Ray Hubbard.
Last updated on: 4/27/2024, 12:25:22 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$2,540
$182,600
2020
$4,183
$176,650
2019
$3,672
$160,591
2018
$3,673
$145,992
2017
$3,407
$132,720
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$636
Per Month
Principal & Interest
$569
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$408
Powered By
Advertisement
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.
Elementary School
4
/10
Doris Cullins - Lake Pointe Elementary School
5701 Scenic Dr
Distance between this listing and this school0.17 miles
Public District Grades KG-6
Middle School
7
/10
J. W. Williams Middle School
625 E Fm 552
Distance between this listing and this school4.96 miles
Public District Grades 7-8
High School
8
/10
Rockwall High School
901 W Yellowjacket Ln
Distance between this listing and this school3.08 miles
Public District Grades 9-12
Assigned Schools
4
/10
Doris Cullins - Lake Pointe Elementary School
5701 Scenic Dr
Distance between this listing and this school0.17 miles
Public District Grades KG-6
Nearby Schools
5
/10
Pearson Elementary School
5201 Nita Pearson Dr
Distance between this listing and this school0.92 miles
Public District Grades PK-5
6
/10
Steadham Elementary School
6200 Danridge Rd
Distance between this listing and this school1.25 miles
Public District Grades KG-5
Assigned Schools
7
/10
J. W. Williams Middle School
625 E Fm 552
Distance between this listing and this school4.96 miles
Public District Grades 7-8
Nearby Schools
5
/10
Education Center International Academy 2
8200 Schrade Rd
Distance between this listing and this school0.97 miles
Public Charter Grades KG-8
5
/10
Schrade Middle School
6201 Danbridge Rd
Distance between this listing and this school1.41 miles
Public District Grades 6-8
Assigned Schools
8
/10
Rockwall High School
901 W Yellowjacket Ln
Distance between this listing and this school3.08 miles
Public District Grades 9-12
Nearby Schools
5
/10
Rowlett High School
4700 Kirby Rd
Distance between this listing and this school2.49 miles
Public District Grades 9-12
7
/10
Rockwall - Heath High School
801 Laurence Dr
Distance between this listing and this school4.95 miles
The neighbors living near this home have an average income of $95,319. The most common annual income of people living in Rowlett, TX is between $35k-100k. Typical family type is married, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5506 Fairmont Dr
What is the listing price of this property?
The listing price of 5506 Fairmont Dr property is $113,990.
What type of property is this?
The property 5506 Fairmont Dr is land located in Rowlett, Texas, 75088.
Is this property for sale now?
Active Listing: 5506 Fairmont Dr is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 5506 Fairmont Dr are: Doris Cullins - Lake Pointe Elementary School: GreatSchools Rating 4/10J. W. Williams Middle School: GreatSchools Rating 7/10Rockwall High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $2,540 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 5506 Fairmont Dr in Rowlett, TX and zip code 75088 in the Highland Meadows neighborhood. This home, which was built in 1983, sits on a 0.77 acre lot. It has been listed on Rocket Homes since February 29, 2024 and is currently priced at $113,990.
The number of homes for sale in Rowlett, TX increased by 4.9% between February 2024 and March 2024. Listings spent 67 days on the market in March 2024, and had a median list price of $415,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.
©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.
Symphony or Opera
Symphony or Opera
NBA/WNBA
Hiking/backpacking
Chico's
New York & Company
Nordstrom Rack
Boston Market
Qdoba
Chipotle
Volvo
Infiniti
Mazda
Talk/Personality
Active Rock