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Property highlights
Full Property Details
Property Details
PROPERTY HIGHLIGHTS
Quick Details
- Price $711,000
- Status Active
- Bedrooms 5
- Bathrooms 4
- Square Feet 4,019 Sq Ft
- Lot Size 0.18 acres
- Lot Size Sq Ft 7,841
- Year Built 2026
- Price / Sq Ft $177 / Sq Ft
- MLS # 21392865
Overview
- Property Type Residential
- Property Subtype Single Family Residence
- County Rockwall
- Subdivision Somerset Park
- Days on Market 6
Home Details
- Full Baths 4
- Half Baths 0
- Foundation Slab
- Roof Composition
- Flooring Carpet, Ceramic Tile, Wood
- Heating Central, Fireplaces, Natural Gas, Zoned
- Cooling Central Air, Ceiling Fans, Electric, Zoned
Kitchen & Interior
- Appliances Dishwasher, Electric Oven, Gas Cooktop, Disposal, Microwave, Tankless Water Heater, Vented Exhaust Fan
- Interior Features Wet Bar, Cathedral Ceilings, Decorative Designer Lighting Fixtures, High Speed Internet, Open Floorplan, Cable Tv, Vaulted Ceilings, Wired For Sound, Air Filtration
- Fireplaces 1
- Fireplace Features Family Room, Gas Log, Gas Starter
Lot & Exterior
- Lot Features Landscaped, Subdivision, Sprinkler System
- Exterior Features Rain Gutters
- Fencing Wood
- Pool Features Community
Parking
- Parking Garage Faces Front, Garage, Garage Door Opener, Kitchen Level
- Garage Spaces 3
- Covered Parking 3
- Attached Garage Yes
Taxes & HOA
- HOA Fee $80 Monthly
- HOA Includes All Facilities, Association Management, Maintenance Grounds, Maintenance Structure
Utilities
- Utilities Sewer Available, Underground Utilities, Water Available, Cable Available
- Water Public
- Sewer Public Sewer
Schools
- Elementary Ouida Springer — Rockwall ISD
- Elementary Ouida Springer — Rockwall ISD
- Middle Cain — Rockwall ISD
- Middle Cain — Rockwall ISD
- High Heath — Rockwall ISD
- High Heath — Rockwall ISD
Listing Information
- MLS Board NTREIS
- List Date 10/08/2026
- Source Updated 10/14/2026
- Last Updated 10/14/2026
- Virtual Tour Available
Explore in 3D
TAX INFO FOR NORMAL PEOPLE
A plain-English look at Rockwall CAD (TrueProdigy) property-tax and appraisal records for 4123 Olmsted Drive, Rockwall, TX 75032, 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.
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.
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 | Est. Tax (No Ex.) | Savings | Est. Tax (Current) |
|---|---|---|---|---|---|
| City: CITY OF ROCKWALL | |||||
|
City
CITY OF ROCKWALL |
$85,000 | 0.2575 | $219 | — | $219 |
| County: ROCKWALL COUNTY | |||||
|
County
ROCKWALL COUNTY |
$85,000 | 0.2620 | $223 | — | $223 |
| School District: ROCKWALL ISD | |||||
|
School District
ROCKWALL ISD |
$85,000 | 1.0669 | $907 | — | $907 |
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
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 | $135,000 | — | $135,000 | $135,000 | -$45,000 / -25.00% |
| 2026 | $85,000 | — | $85,000 | $85,000 | -$50,000 / -37.04% |
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.
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.