- Rockwall County
- Fate TX
- 75087
- Local Area: Woodcreek Ph 3-A
Property Overview
Search address on YouTube for a cinematic video of this great home! Welcome to this immaculately maintained, one owner, move-in-ready traditional home featuring 4 bedrooms, 3 and a half bathrooms, a dedicated home office, and a spacious media room equipped with home theater seating! Situated across from a greenbelt and just a few doors down from a cul-de-sac on a quiet street, this home offers a peaceful setup with a great location. Commuting is a breeze with Ben Payne Dr right around the corner, offering quick access to I-30 for work or running errands.
Inside, you'll find plenty of practical, valuable updates already done for you. A beautiful custom iron front door welcomes you in, with durable luxury vinyl plank flooring throughout the main floor installed in 2023 and fresh paint throughout the entire upstairs. Big-ticket maintenance items have already been checked off the list, including a roof replacement in 2024, windows throughout replaced in 2024, a tankless hot water heater, smart Nest thermostats installed in 2026. Plus, every window comes equipped with Levolor motorized shades and remotes for easy day-to-day use. The laundry room is packed with convenient extras, featuring a built-in dog washing station, washer and dryer, plus, you'll love the built-in distilled water system connected to the icemaker and a dedicated kitchen faucet! In the kitchen, you will find a brand new Frigidaire induction cooktop, just installed. As a major bonus, the refrigerator stays! The garage is equipped with built in shelving, cabinets and hanging racks, as well as having plenty of room for a freezer or two. A fantastic, well-maintained house with solid upgrades, tons of smart home features and in a great neighborhood with tons of amenities—ready for you to move right in and make it your own!
Featured spaces
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Property highlights
Year Built 2005
School District Rockwall Isd
HOA $396 SemiAnnually
Pool Yes
Parking 2-car garage, 2 covered
Architecture Traditional,Detached
Fireplace 1 Fireplaces
Neighborhood Woodcreek Ph 3-A
Full Property Details
Property Details
Quick Details
- Price $485,000
- Status Active
- Bedrooms 4
- Bathrooms 4
- Square Feet 3,374 Sq Ft
- Lot Size 0.17 acres
- Lot Size Sq Ft 7,187
- Year Built 2005
- Price / Sq Ft $144 / Sq Ft
- MLS # 21335588
Overview
- Property Type Residential
- Property Subtype Single Family Residence
- County Rockwall
- Subdivision Woodcreek Ph 3-A
- Days on Market 93
Home Details
- Full Baths 3
- Half Baths 1
- Foundation Slab
- Roof Asphalt
- Flooring Carpet, Ceramic Tile, Luxury Vinyl Plank
- Heating Central, Fireplaces, Natural Gas, Zoned
- Cooling Central Air, Ceiling Fans, Electric, Multi Units, Zoned
Kitchen & Interior
- Appliances Convection Oven, Dryer, Dishwasher, Electric Oven, Electric Range, Disposal, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Washer
- Interior Features Chandelier, Decorative Designer Lighting Fixtures, Double Vanity, Eat In Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Cable Tv, Vaulted Ceilings, Wired For Data, Walk In Closets, Wired For Sound
- Fireplaces 1
- Fireplace Features Gas, Gas Starter, Masonry, Wood Burning
Lot & Exterior
- Lot Features Cul De Sac, Backs To Greenbelt Park, Interior Lot, Many Trees, Subdivision, Sprinkler System, Few Trees
- Exterior Features Lighting, Private Yard, Rain Gutters
- Fencing Back Yard, Privacy, Wood
- Pool Features Community
Parking
- Parking Door Multi, Direct Access, Driveway, Garage, Garage Door Opener
- Garage Spaces 2
- Covered Parking 2
- Attached Garage Yes
Taxes & HOA
- Annual Taxes $8,018
- HOA Fee $396 SemiAnnually
- HOA Includes All Facilities, Association Management, Maintenance Grounds
Utilities
- Utilities Natural Gas Available, Municipal Utilities, Sewer Available, Separate Meters, Water Available, Cable Available
- Water Public
- Sewer Public Sewer
Schools
- Elementary Billie Stevenson — Rockwall ISD
- Middle Herman E Utley — Rockwall ISD
- High Rockwall — Rockwall ISD
Listing Information
- MLS Board NTREIS
- List Date 07/24/2026
- Source Updated 10/25/2026
- Last Updated 10/25/2026
- Virtual Tour Available
Property Tax & CAD Valuation for 518 Collins Lane
Rockwall CAD records for 518 Collins Lane, Fate, TX 75087 show a CAD market value of $432,721 and a net appraised value of $432,721. CAD values are used for property-tax purposes and may differ from the property's current list price or eventual sale price.
TAX INFO FOR NORMAL PEOPLE
A plain-English look at Rockwall CAD property-tax and appraisal records for 518 Collins Lane, Fate, TX 75087, including CAD market value, appraised value, exemptions, taxing entities, improvement records, and value history.
View Official Rockwall CAD Property Record
1. CAD Big Picture: Land + Improvements = Market Value
This shows what the CAD market value is made of. Appraisal districts usually separate value between the land and the improvements. Improvements may include the home, garages, shops, patios, pools, decks, storage, and other structures.
Land Value $92,000 + Improvement Value $340,721 = CAD Market Value $432,721
2. Improvement Details: Size, Type & Assessed Value
This is a breakdown of the improvements CAD has listed for the property and the square footage or area connected to those records. CAD improvement records may include the main living area, garages, shops, decks, patios, pools, storage, or other site improvements when available.
Residential
Value: $339,824 Total Area: 4252 Sqft Living Area: 3374 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| MAIN AREA | MA | 1,932 Sqft |
| MAIN AREA | MA | 1,442 Sqft |
| ATTACHED GARAGE | AG | 480 Sqft |
| PATIO - 20% (REGULAR) | PA | 312 Sqft |
| COVERED PORCH | CP | 66 Sqft |
| COVERED PORCH | CP | 20 Sqft |
STORAGE SHED
Value: $897 Total Area: 80 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| STORAGE | ST | 80 Sqft |
3. Current Tax Exemptions & Statutory Limitations
Property tax bills reflect two distinct types of CAD adjustments: local taxing jurisdiction exemptions (which reduce taxable value below appraised value) and statutory appraisal limitations (which limit the annual growth of appraised value itself). Each taxing entity establishes its own exemption amounts and tax rates.
The current CAD record shows a homestead exemption. Specific deduction amounts vary by taxing jurisdiction.
The current CAD record shows an exemption. Specific deduction amounts vary by taxing jurisdiction.
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer’s exemptions and future tax obligations may differ.
4. Value After CAD Reductions
This is where CAD reductions, exemptions, limitations, or special-use valuation may affect the value used for tax calculations.
CAD Market Value $432,721 − All Current CAD Reductions $0 = Current Taxed Starting Point $432,721
This reflects the CAD net appraised value after current CAD reductions. Individual taxing units may use different taxable values when exemptions apply.
5. Who Taxes It?
These are the local entities included in the current CAD/tax estimate. A property tax bill can include a city, county, school district, municipal utility district, public improvement district, or other special district. Each entity may use its own taxable value, rate, and exemption treatment.
| Entity | Taxable Value | Rate (per $100) | Est. Tax (No Ex.) | Savings | Est. Tax (Current) |
|---|---|---|---|---|---|
|
City
CITY OF FATE |
$382,721 | 0.2909 | $1,259 | -$145 | $1,113 |
|
County
ROCKWALL COUNTY |
$397,721 | 0.2510 | $1,086 | -$88 | $998 |
|
Municipal Utility District (MUD)
RW CO CONS MUD1 |
$389,449 | 0.1550 | $671 | -$67 | $604 |
|
School District
ROCKWALL ISD |
$212,721 (H) | 1.0669 | $4,617 | -$2,347 | $2,270 |
(H) Taxable reduction reflected in school district taxable value.
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer's exemptions and future tax obligations may differ.
Special District Context
- Municipal Utility District (MUD): A special-purpose district that may appear as a separate taxing entity.
6. Estimated Tax Bottom Line
Est. Taxes (No Exemptions) $7,632 − Est. Tax Reductions / Savings $2,648 = Est. Taxes (With Current Exemptions) $4,985
The current CAD tax estimate shows exemptions and adjustments reduce the estimated annual taxes by about $2,648. Estimated taxes without exemptions are calculated by applying each jurisdiction's tax rate to its pre-exemption taxable value. Exemption savings represent the difference between this unexempted estimate and the county's current tax estimate. Taxable values and tax rates vary by jurisdiction. Future taxes depend on buyer qualification and future adopted rates.
The current tax estimate reflects a homestead exemption on the property's present CAD record. That exemption does not automatically transfer to a new owner; a buyer must qualify for their own exemptions. For comparison, the current estimate is $4,985 with the exemptions shown today and $7,632 without exemptions. Actual future taxes will depend on buyer eligibility, future appraised values, and adopted tax rates.
7. CAD Values Over Time
YOY Change reflects the change in CAD Market Value from the prior appraisal year. Taxed / Appraised reflects the CAD net appraised value after CAD reductions, or the certified capped appraisal value where jurisdictions differ. Individual taxing units may use different taxable values when exemptions apply.
| Year | Land | Impr. | Market | Taxed / Appraised | YOY Change |
|---|---|---|---|---|---|
| 2021 | $96,900 | $229,070 | $325,970 | $320,819 | +$34,316 / +11.77% |
| 2022 | $115,000 | $304,170 | $419,170 | $352,901 | +$93,200 / +28.59% |
| 2023 | $149,500 | $317,172 | $466,672 | $388,191 | +$47,502 / +11.33% |
| 2024 | $115,000 | $349,079 | $464,079 | $427,010 | -$2,593 / -0.56% |
| 2025 | $105,800 | $348,819 | $454,619 | $454,619 | -$9,460 / -2.04% |
| 2026 | $92,000 | $340,721 | $432,721 | $432,721 | -$21,898 / -4.82% |
8. List Price vs CAD Value
The current list price and the county’s CAD market value are not the same thing. CAD market value is used for property-tax context and may lag the open market, reflect prior protests, exemptions, caps, agricultural or special-use treatment, or other appraisal district methods.
How does the list price compare with the CAD value?
CAD values are appraisal-district values used for property-tax purposes and can differ from current asking prices and eventual sale prices.
Current List Price $485,000 − Current CAD Market Value $432,721 = Over CAD Value +$52,279 (+12.1%)
A sale price can become part of the appraisal district’s future evidence. A buyer’s future taxable value and tax bill may change after purchase, especially if exemptions, caps, or special-use valuation change.
For tax planning, buyers should confirm future taxable value, exemptions, and special-use treatment with the appraisal district, tax office, lender, CPA, or other qualified advisor.
LIFE AROUND WOODCREEK PH 3-A
A curated look at local favorites, everyday stops, and lifestyle context near this property.