- Rockwall County
- Fate TX
- 75087
- Local Area: Monterra Ph 1a
Property Overview
THIS IS THE ONE! BEST VALUE IN THE NEIGHBORHOOD! NEW ROOF (2026) REFRIGERATOR INCLUDED. ASSUMABLE FHA LOAN AT 3.99% FOR QUALIFIED BUYERS! Subject to lender approval and buyer qualification. Welcome to 1140 Monterra Way where modern farmhouse charm meets everyday comfort in coveted Monterra and Rockwall ISD. Built by K.Hovnanian, this beautifully appointed Frankfurt floor plan offers 4 bedrooms, 2.5 bathrooms, 2,825 square feet, and a spacious 3-car garage.From the moment you step inside, you'll appreciate the inviting atmosphere, thoughtful design, and stylish finishes throughout. Just off the entry, a private home office with charming double barn doors creates the perfect space for working remotely or enjoying a quiet retreat. An additional activity room near the secondary bedrooms provides endless flexibility for a playroom, media room, home gym, or hobby space. The heart of the home is the expansive great room, where beautiful wood ceiling beams add warmth and character while seamlessly connecting the living, dining, and kitchen spaces. Designed with both entertaining and everyday living in mind, the gourmet kitchen features an oversized center island, abundant cabinetry, and designer finishes that perfectly balance style and functionality.Privately situated at the rear of the home, the spacious primary suite offers a peaceful escape at the end of the day. The spa-inspired ensuite bath features a beautiful freestanding soaking tub and separate shower, creating the perfect place to unwind and recharge.Take the entertaining outdoors to the oversized covered patio, ideal for morning coffee, weekend gatherings, or relaxing evenings under the Texas sky. Newly planted trees along the back fence line will continue to mature, adding privacy and enhancing the outdoor living experience.Beyond the beautiful home, Monterra offers an amenity rich community with exceptional location with convenient access to I-30, shopping, dining, grocery stores, and major retail.
Featured spaces
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Property highlights
Year Built 2024
School District Rockwall Isd
HOA $600 SemiAnnually
Pool Yes
Parking 3-car garage, 3 covered
Architecture Traditional, Detached
Neighborhood Monterra Ph 1a
Full Property Details
Property Details
Quick Details
- Price $499,000
- Status Active
- Bedrooms 4
- Bathrooms 3
- Square Feet 2,825 Sq Ft
- Lot Size 0.17 acres
- Lot Size Sq Ft 7,579
- Year Built 2024
- Price / Sq Ft $177 / Sq Ft
- MLS # 21420742
Overview
- Property Type Residential
- Property Subtype Single Family Residence
- Property Condition Resale
- County Rockwall
- Subdivision Monterra Ph 1a
- Days on Market 1
Home Details
- Architectural Style Traditional, Detached
- Stories 1
- Levels One
- Full Baths 2
- Half Baths 1
- Construction Brick
- Foundation Slab
- Roof Composition
- Flooring Carpet, Ceramic Tile
- Heating Central, Natural Gas
- Cooling Central Air, Ceiling Fans, Electric
- Property Attached Yes
Kitchen & Interior
- Appliances Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Tankless Water Heater
- Interior Features Decorative Designer Lighting Fixtures, High Speed Internet, Kitchen Island, Smart Home, Cable Tv, Vaulted Ceilings, Walk In Closets, Wired For Sound
- Laundry Features Laundry In Utility Room
- Window Features Window Coverings
- Security Features Prewired, Carbon Monoxide Detectors
Lot & Exterior
- Lot Features Interior Lot, Subdivision, Sprinkler System
- Exterior Features Rain Gutters
- Patio & Porch Features Covered
- Fencing Wood
- Pool Yes
- Pool Features Community
Parking
- Parking Garage Faces Front, Garage, Garage Door Opener
- Garage Spaces 3
- Covered Parking 3
- Attached Garage Yes
Taxes & HOA
- Annual Taxes $8,568
- HOA Fee $600 SemiAnnually
- HOA Includes All Facilities, Association Management
- Community Features Playground, Pickleball, Pool, Community Mailbox, Curbs, Sidewalks
- Parcel Number 000000332128
- Legal Description MONTERRA PHASE 1A BLK M LOT 10
- Tax Block M
- Tax Lot 10
Utilities
- Utilities Municipal Utilities, Sewer Available, Water Available, Cable Available
- Sewer Public Sewer
Schools
- School District Rockwall ISD
- Elementary Celia Hays — Rockwall ISD
- Middle Herman E Utley — Rockwall ISD
- High Rockwall — Rockwall ISD
Listing Information
- Listing Agent Becky Chance
- Brokerage Monument Realty
- MLS Board NTREIS
- List Date 11/05/2026
- Source Updated 11/06/2026
- Last Updated 11/06/2026
- Virtual Tour View Virtual Tour (PropertyPanorama)
Property Tax & CAD Valuation for 1140 Monterra Way
Rockwall CAD (TrueProdigy) records for 1140 Monterra Way, Fate, TX 75087 show a CAD market value of $532,598 and a net appraised value of $532,598. 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 1140 Monterra Way, 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 $60,200 + Improvement Value $472,398 = CAD Market Value $532,598
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: $472,398 Total Area: 3776 Sqft Living Area: 2842 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| MAIN AREA | MA | 2,842 Sqft |
| ATTACHED GARAGE | AG | 630 Sqft |
| COVERED PORCH | CP | 48 Sqft |
| COVERED PORCH | CP | 256 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.
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 $532,598 − All Current CAD Reductions $0 = Current Taxed Starting Point $532,598
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 |
$532,598 | 0.2909 | $1,549 | — | $1,549 |
|
County
ROCKWALL COUNTY |
$532,598 | 0.2510 | $1,337 | — | $1,337 |
|
School District
ROCKWALL ISD |
$532,598 | 1.0669 | $5,682 | — | $5,682 |
|
Public Improvement District (PID)
MONTERRA PID IMPROVEMENT AREA #1 CAD lists entity but shows no separate rate on this row. |
$532,598 | 0.0000 | $0 | — | $0 |
|
Public Improvement District (PID)
MONTERRA PID O&M CAD lists entity but shows no separate rate on this row. |
$532,598 | 0.0000 | $0 | — | $0 |
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
- Public Improvement District (PID): A special-purpose district created to fund specific public improvements.
6. Estimated Tax Bottom Line
Est. Taxes (No Exemptions) $8,568 − Est. Tax Reductions / Savings — = Est. Taxes (With Current Exemptions) $8,568
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 |
|---|---|---|---|---|---|
| 2024 | $70,000 | — | $70,000 | $70,000 | — |
| 2025 | $70,000 | $487,773 | $557,773 | $557,773 | +$487,773 / +696.82% |
| 2026 | $60,200 | $472,398 | $532,598 | $532,598 | -$25,175 / -4.51% |
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 $499,000 − Current CAD Market Value $532,598 = Under CAD Value -$33,598 (-6.3%)
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 MONTERRA PH 1A
A curated look at local favorites, everyday stops, and lifestyle context near this property.