- Rockwall County
- Fate TX
- 75087
- Local Area: Woodcreek Phase 5B
Property Overview
LIKE NEW AND READY FOR IT'S NEXT OWNER! Don't miss this incredible opportunity to live in the coveted Woodcreek community in Fate, TX for such a DISCOUNTED PRICE! This beautifully maintained 2022 home delivers space, comfort, and EQUITY. Enjoy an inviting fireplace, spacious living areas, and a thoughtfully designed floor plan with plenty of room to live, work, and entertain. Situated on a generous lot in one of the most desirable neighborhoods in Fate, this home offers the feel of a nearly new property without the wait for new construction. Whether you're looking for room to grow, space to entertain, or simply a home that feels fresh and move-in ready, this one deserves a closer look. Appraised for $660K - THE SELLER IS HIGHLY MOTIVATED AND READY TO MAKE A DEAL! Bring your offer and take advantage of this opportunity before it's gobbled up. Schedule your private showing with me today!
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Property highlights
Year Built 2022
School District Rockwall Isd
HOA $720 Annually
Parking 3-car garage, 3 covered
Architecture Detached
Fireplace 1 Fireplaces
Neighborhood Woodcreek Phase 5B
Full Property Details
Property Details
Quick Details
- Price $580,000
- Status Active
- Bedrooms 5
- Bathrooms 4
- Square Feet 4,014 Sq Ft
- Lot Size 0.2 acres
- Lot Size Sq Ft 8,640
- Year Built 2022
- Price / Sq Ft $144 / Sq Ft
- MLS # 21432304
Overview
- Property Type Residential
- Property Subtype Single Family Residence
- County Rockwall
- Subdivision Woodcreek Phase 5B
- Days on Market 1
Home Details
- Architectural Style Detached
- Stories 2
- Levels Two
- Full Baths 3
- Half Baths 1
- Property Attached Yes
Kitchen & Interior
- Appliances Dryer, Dishwasher, Gas Cooktop, Disposal, Refrigerator, Vented Exhaust Fan, Washer
- Interior Features Decorative Designer Lighting Fixtures, Double Vanity, Eat In Kitchen, Granite Counters, High Speed Internet, In Law Floorplan, Kitchen Island, Loft, Open Floorplan, Pantry, Cable Tv, Vaulted Ceilings, Wired For Data, Walk In Closets
- Fireplaces 1
- Fireplace Features Family Room
Lot & Exterior
- Pool No
Parking
- Parking Concrete, Driveway, Garage Faces Front, Garage, Garage Door Opener
- Garage Spaces 3
- Covered Parking 3
- Attached Garage Yes
Taxes & HOA
- HOA Fee $720 Annually
- HOA Includes Maintenance Grounds
- Parcel Number 112751
- Tax Block L
- Tax Lot 14
Utilities
- Utilities Electricity Available, Municipal Utilities, Sewer Available, Water Available, Cable Available
- Water Community Coop, Public
- Sewer Public Sewer
Schools
- School District Rockwall ISD
- Elementary Billie Stevenson — Rockwall ISD
- Middle Herman E Utley — Rockwall ISD
- High Rockwall — Rockwall ISD
Listing Information
- Listing Agent Melanie Lee
- Brokerage eXp Realty LLC
- MLS Board NTREIS
- List Date 11/09/2026
- Source Updated 11/10/2026
- Last Updated 11/10/2026
- Virtual Tour View Virtual Tour (PropertyPanorama)
Property Tax & CAD Valuation for 518 Dehaviland Lane
Rockwall CAD (TrueProdigy) records for 518 Dehaviland Lane, Fate, TX 75087 show a CAD market value of $660,024 and a net appraised value of $660,024. 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 518 Dehaviland Lane, 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 $100,000 + Improvement Value $560,024 = CAD Market Value $660,024
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: $561,549 Total Area: 4898 Sqft Living Area: 4014 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| MAIN AREA | MA | 2,336 Sqft |
| MAIN AREA | MA | 1,678 Sqft |
| ATTACHED GARAGE | AG | 661 Sqft |
| COVERED PORCH | CP | 24 Sqft |
| COVERED PORCH | CP | 199 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. Reduces Rockwall ISD taxable value by $140,000 (from $660,024 net appraised value to $520,024 school taxable value). Current owner’s exemption, not guaranteed to transfer to buyer.
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 $660,024 − All Current CAD Reductions $0 = Current Taxed Starting Point $660,024
This reflects the CAD net appraised value after current CAD reductions. Individual taxing units may use different taxable values when exemptions apply.
Taxable-value reduction for applicable school district (Rockwall ISD); current owner’s exemption, not guaranteed to transfer to buyer. Other local taxing units on this record apply $0 exemption reduction (taxed at $660,024 net appraised value).
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 |
$660,024 | 0.2909 | $1,920 | — | $1,920 |
|
County
ROCKWALL COUNTY |
$660,024 | 0.2510 | $1,657 | — | $1,657 |
|
Municipal Utility District (MUD)
RW CO MUD8 |
$660,024 | 0.7500 | $4,950 | — | $4,950 |
|
School District
ROCKWALL ISD |
$520,024 (H) | 1.0669 | $7,042 | -$1,494 | $5,548 |
(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) $15,568 − Est. Tax Reductions / Savings $1,494 = Est. Taxes (With Current Exemptions) $14,075
The current CAD tax estimate shows exemptions and adjustments reduce the estimated annual taxes by about $1,494. 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 $14,075 with the exemptions shown today and $15,568 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 |
|---|---|---|---|---|---|
| 2022 | $61,282 | — | $61,282 | $61,282 | — |
| 2023 | $120,000 | $512,353 | $632,353 | $632,353 | +$571,071 / +931.87% |
| 2024 | $100,000 | $519,461 | $619,461 | $619,461 | -$12,892 / -2.04% |
| 2025 | $100,000 | $527,416 | $627,416 | $627,416 | +$7,955 / +1.28% |
| 2026 | $100,000 | $560,024 | $660,024 | $660,024 | +$32,608 / +5.20% |
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 $580,000 − Current CAD Market Value $660,024 = Under CAD Value -$80,024 (-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 PHASE 5B
A curated look at local favorites, everyday stops, and lifestyle context near this property.