- Rockwall County
- Rockwall TX
- 75032
- Local Area: Somerset Park
- Rockwall ISD
- Covered Parking
- Media Room
- Covered Patio / Porch
Property Overview
MLS# 21347221 - Built by Tri Pointe Homes - Ready Now! ~ This premium new home in Rockwall, TX offers expansive living with a luxury kitchen that anchors the home’s open-concept design. The kitchen features stained maple shaker cabinetry with soft-close doors and drawers. A spa-style shower and box window enhance the primary suite, while a media room, open railings on both floors, a convenient door between the primary suite and laundry room, and an extended covered patio with gas connection add thoughtful detail for everyday living and entertaining.
Featured spaces
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Property highlights
Year Built 2026
School District Rockwall ISD
HOA $1,067 Annually
Pool Yes
Parking 2-car garage, 2 covered
Architecture Other, Detached
Outdoor Living Covered Patio / Porch
Neighborhood Somerset Park
Full Property Details
Property Details
PROPERTY HIGHLIGHTS
Quick Details
- Price $544,999
- Status Active
- Bedrooms 5
- Bathrooms 3
- Square Feet 3,172 Sq Ft
- Lot Size 0.17 acres
- Lot Size Sq Ft 7,187
- Year Built 2026
- Price / Sq Ft $172 / Sq Ft
- MLS # 21347221
Overview
- Property Type Residential
- Property Subtype Single Family Residence
- Property Condition NewConstruction
- County Rockwall
- Subdivision Somerset Park
- Days on Market 88
Home Details
- Architectural Style Other, Detached
- Stories 2
- Levels Two
- Full Baths 3
- Half Baths 0
- Construction Brick
- Foundation Slab
- Roof Composition
- Flooring Carpet, Luxury Vinyl Plank
- Heating Central, Natural Gas
- Cooling Central Air, Ceiling Fans, Electric
- Property Attached No
Kitchen & Interior
- Appliances Some Gas Appliances, Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Plumbed For Gas, Tankless Water Heater, Vented Exhaust Fan
- Interior Features Double Vanity, High Speed Internet, Kitchen Island, Open Floorplan, Smart Home, Cable Tv, Wired For Data, Walk In Closets
- Laundry Features Washer Hookup, Electric Dryer Hookup
- Security Features Carbon Monoxide Detectors, Smoke Detectors
Lot & Exterior
- Lot Features Back Yard, Greenbelt, Interior Lot, Irregular Lot, Lawn, Landscaped, Subdivision, Sprinkler System
- Exterior Features Rain Gutters
- Patio & Porch Features Covered
- Fencing Wood
- Pool Yes
- Pool Features Community
Parking
- Parking Door Single, Electric Vehicle Charging Stations, Garage Faces Front, Garage, Garage Door Opener, Other
- Garage Spaces 2
- Covered Parking 2
- Attached Garage Yes
Taxes & HOA
- HOA Fee $1,067 Annually
- HOA Includes All Facilities, Association Management
- Community Features Park, Pool, Sidewalks
- Parcel Number 119197
Utilities
- Utilities Sewer Available, Water Available, Cable Available
- Water Public
- Sewer Public Sewer
Schools
- School District Rockwall ISD
- Elementary Sharon Shannon — Rockwall ISD
- Middle Cain — Rockwall ISD
- High Rockwall-Heath — Rockwall ISD
Listing Information
- Listing Agent Ben Caballero
- Brokerage HomesUSA.com
- MLS Board NTREIS
- List Date 07/31/2026
- Source Updated 10/27/2026
- Last Updated 10/28/2026
- Virtual Tour View Virtual Tour (PropertyPanorama)
Property Tax & CAD Valuation for 3743 Olmsted Drive
Rockwall CAD records for 3743 Olmsted Drive, Rockwall, TX 75032 show a CAD market value of $63,750 and a net appraised value of $63,750. 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 3743 Olmsted Drive, Rockwall, TX 75032, 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 $63,750 + Improvement Value — = CAD Market Value $63,750
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.
No standard exemptions or CAD reductions were detected in the current record.
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 $63,750 − All Current CAD Reductions $0 = Current Taxed Starting Point $63,750
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 ROCKWALL |
$63,750 | 0.2575 | $164 | — | $164 |
|
County
ROCKWALL COUNTY |
$63,750 | 0.2510 | $160 | — | $160 |
|
School District
ROCKWALL ISD |
$63,750 | 1.0669 | $680 | — | $680 |
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.
6. Estimated Tax Bottom Line
Est. Taxes (No Exemptions) $1,004 − Est. Tax Reductions / Savings — = Est. Taxes (With Current Exemptions) $1,004
The current CAD record does not establish an exemption tax savings calculation. A buyer’s future tax bill may differ.
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 |
|---|---|---|---|---|---|
| 2023 | $39,000 | — | $39,000 | $39,000 | — |
| 2024 | $180,000 | — | $180,000 | $46,800 | +$141,000 / +361.54% |
| 2025 | $180,000 | — | $180,000 | $56,160 | — |
| 2026 | $63,750 | — | $63,750 | $63,750 | -$116,250 / -64.58% |
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 $544,999 − Current CAD Market Value $63,750 = Over CAD Value +$481,249 (+754.9%)
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 SOMERSET PARK
A curated look at local favorites, everyday stops, and lifestyle context near this property.