- Rockwall County
- Fate TX
- 75087
- Local Area: Woodcreek Ph 2a
Property Overview
Space, flexibility and a great floor plan come together at 321 Magnolia Drive in the established Woodcreek community of Fate. This single story home offers 3 bedrooms, 2 bathrooms and 2,099 square feet with multiple living and dining spaces. At the front of the home, a dedicated dining room sits alongside a second family room that can remain an open living space or easily be converted into a private office with added framing and French doors.
The spacious main family room features vaulted ceilings, great natural light and a wood burning brick fireplace with gas starter, creating a comfortable gathering space. The kitchen opens to the living area and features a breakfast bar, stainless steel appliances, plenty of cabinetry and pantry storage, along with a separate breakfast area for casual dining.
The primary suite offers a large walk in closet, dual sinks, garden tub and separate shower. Between the two secondary bedrooms is a versatile bonus room, perfectly positioned for a playroom, second office, game room or additional flex space. The separate laundry room adds even more functionality with a utility sink and space for an additional refrigerator or freezer.
Outside, enjoy a backyard patio with room for grilling, relaxing or creating your own outdoor setup. A large shade tree adds character to the front yard and complements the classic brick exterior. Additional updates include a roof replaced approximately three years ago, HVAC Condenser replaced in 2022 and a water heater replaced in 2024.
Woodcreek residents enjoy an impressive list of amenities including three community pools, clubhouse, fitness centers, four pickleball courts, dog parks, playgrounds, ponds, putting green and miles of walking trails. Convenient access to I 30, Lake Ray Hubbard, shopping and dining makes this a home that delivers both space and everyday convenience.
Featured spaces
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Property highlights
Year Built 2005
School District Royse City Isd
HOA $360 SemiAnnually
Pool Yes
Parking 2-car garage, 2 covered
Architecture Traditional,Detached
Fireplace 1 Fireplaces
Neighborhood Woodcreek Ph 2a
Full Property Details
Property Details
Quick Details
- Price $295,000
- Status Active
- Bedrooms 3
- Bathrooms 2
- Square Feet 2,099 Sq Ft
- Lot Size 0.13 acres
- Lot Size Sq Ft 5,706
- Year Built 2005
- Price / Sq Ft $141 / Sq Ft
- MLS # 21386471
Overview
- Property Type Residential
- Property Subtype Single Family Residence
- County Rockwall
- Subdivision Woodcreek Ph 2a
- Days on Market 36
Home Details
- Full Baths 2
- Half Baths 0
- Foundation Slab
- Roof Composition
- Flooring Carpet, Ceramic Tile
- Heating Central, Natural Gas
- Cooling Central Air, Ceiling Fans, Electric
Kitchen & Interior
- Appliances Dishwasher, Electric Range, Disposal, Gas Water Heater, Microwave
- Interior Features Built In Features, Decorative Designer Lighting Fixtures, Double Vanity, Eat In Kitchen, High Speed Internet, Pantry, Cable Tv, Wired For Data, Walk In Closets
- Fireplaces 1
- Fireplace Features Gas Starter, Living Room, Masonry, Wood Burning
Lot & Exterior
- Lot Features Back Yard, Interior Lot, Lawn, Landscaped, Level, Subdivision, Sprinkler System
- Exterior Features Lighting, Rain Gutters
- Fencing Wood
- Pool Features Community
Parking
- Parking Concrete, Covered, Direct Access, Door Single, Driveway, Enclosed, Garage Faces Front, Garage, Garage Door Opener, Inside Entrance, Kitchen Level, Lighted, Oversized
- Garage Spaces 2
- Covered Parking 2
- Attached Garage Yes
Taxes & HOA
- Annual Taxes $5,832
- HOA Fee $360 SemiAnnually
- HOA Includes All Facilities, Association Management, Maintenance Grounds
Utilities
- Utilities Electricity Connected, Natural Gas Available, Sewer Available, Separate Meters, Underground Utilities, Water Available, Cable Available
- Water Public
- Sewer Public Sewer
Schools
- Elementary Vernon — Royse City ISD
- Middle Bobby Summers,Harry Herndon — Royse City ISD
- High Royse City — Royse City ISD
Listing Information
- MLS Board NTREIS
- List Date 09/16/2026
- Source Updated 10/22/2026
- Last Updated 10/22/2026
- Virtual Tour Available
Property Tax & CAD Valuation for 321 Magnolia Drive
Rockwall CAD (TrueProdigy) records for 321 Magnolia Drive, Fate, TX 75087 show a CAD market value of $298,775 and a net appraised value of $298,775. 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 (TrueProdigy) property-tax and appraisal records for 321 Magnolia Drive, Fate, TX 75087, including CAD market value, appraised value, exemptions, taxing entities, improvement records, and value history.
View Official Rockwall CAD (TrueProdigy) 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 $82,500 + Improvement Value $216,275 = CAD Market Value $298,775
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: $216,275 Total Area: 2694 Sqft Living Area: 2099 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| MAIN AREA | MA | 2,099 Sqft |
| ATTACHED GARAGE | AG | 432 Sqft |
| COVERED PORCH | CP | 35 Sqft |
| COVERED PORCH | CP | 128 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.
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 $298,775 − All Current CAD Reductions $0 = Current Taxed Starting Point $298,775
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 |
$298,775 | 0.2909 | $869 | — | $869 |
|
County
ROCKWALL COUNTY |
$298,775 | 0.2510 | $750 | — | $750 |
|
Municipal Utility District (MUD)
RW CO CONS MUD1 |
$298,775 | 0.1550 | $463 | — | $463 |
|
School District
ROYSE CITY ISD |
$158,775 (H) | 1.2552 | $3,750 | -$1,757 | $1,993 |
(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) $5,832 − Est. Tax Reductions / Savings $1,757 = Est. Taxes (With Current Exemptions) $4,075
The current CAD tax estimate shows exemptions and adjustments reduce the estimated annual taxes by about $1,757. 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 $4,075 with the exemptions shown today and $5,832 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 | $68,250 | $165,300 | $233,550 | $233,550 | +$4,450 / +1.94% |
| 2022 | $110,000 | $213,030 | $323,030 | $256,905 | +$89,480 / +38.31% |
| 2023 | $132,000 | $213,908 | $345,908 | $282,595 | +$22,878 / +7.08% |
| 2024 | $110,000 | $222,893 | $332,893 | $310,855 | -$13,015 / -3.76% |
| 2025 | $93,500 | $216,339 | $309,839 | $309,839 | -$23,054 / -6.93% |
| 2026 | $82,500 | $216,275 | $298,775 | $298,775 | -$11,064 / -3.57% |
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 $295,000 − Current CAD Market Value $298,775 = Under CAD Value -$3,775 (-1.3%)
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 2A
A curated look at local favorites, everyday stops, and lifestyle context near this property.