- Rockwall County
- Fate TX
- 75087
- Local Area: Woodcreek Ph 1a
Property Overview
Welcome to this beautiful 4-bedroom, 3-bath home in the desirable Woodcreek community of Fate, zoned to highly acclaimed Rockwall ISD and within walking distance of Billie Stevenson Elementary. Offering just under 3,000 square feet, this thoughtfully designed floor plan features the primary suite and a secondary bedroom downstairs, while upstairs you’ll find two additional bedrooms connected by a Jack-and-Jill bath, plus a spacious game room or second living area.
The heart of the home is the updated kitchen, complete with a large center island, walk-in pantry, abundant cabinetry, and an open layout that’s perfect for entertaining. A formal dining room and dedicated home office provide both elegance and functionality. The private primary suite offers a relaxing retreat with dual vanities, a garden tub, separate shower, and an oversized walk-in closet. Additional highlights include neutral fresh paint throughout, a large utility room with a sink and room for a freezer, a covered back patio for outdoor living, and a tandem 3-car garage featuring a brand-new epoxy floor. Enjoy all the amenities Woodcreek has to offer, including a neighborhood pool, parks, playgrounds, walking trails, and convenient access to shopping, dining, and major highways. This move-in-ready home combines space, comfort, and an unbeatable location.
Featured spaces
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Property highlights
Year Built 2005
School District Rockwall Isd
HOA $360 SemiAnnually
Pool Yes
Parking 3-car garage, 3 covered
Architecture Traditional, Detached
Fireplace 1 Fireplaces
Neighborhood Woodcreek Ph 1a
Full Property Details
Property Details
Quick Details
- Price $395,000
- Status Active
- Bedrooms 4
- Bathrooms 3
- Square Feet 2,985 Sq Ft
- Lot Size 0.19 acres
- Lot Size Sq Ft 8,189
- Year Built 2005
- Price / Sq Ft $132 / Sq Ft
- MLS # 21327438
Overview
- Property Type Residential
- Property Subtype Single Family Residence
- Property Condition Resale
- County Rockwall
- Subdivision Woodcreek Ph 1a
- Days on Market 85
Home Details
- Architectural Style Traditional, Detached
- Stories 2
- Levels Two
- Full Baths 3
- Half Baths 0
- Construction Brick
- Foundation Pillar Post Pier, Slab
- Roof Composition
- Flooring Carpet, Ceramic Tile
- Cooling Central Air, Ceiling Fans, Electric
- Property Attached Yes
Kitchen & Interior
- Appliances Dishwasher, Disposal, Gas Range, Microwave
- Interior Features Decorative Designer Lighting Fixtures, Eat In Kitchen, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Walk In Closets
- Fireplaces 1
- Fireplace Features Wood Burning
- Window Features Bay Windows
- Security Features Prewired
Lot & Exterior
- Lot Features Interior Lot, Landscaped
- Patio & Porch Features Covered
- Pool Yes
- Pool Features Community
Parking
- Parking Door Single, Driveway, Garage, On Street
- Garage Spaces 3
- Covered Parking 3
- Attached Garage Yes
Taxes & HOA
- Annual Taxes $7,696
- HOA Fee $360 SemiAnnually
- HOA Includes Association Management
- Community Features Park, Pool
- Parcel Number 000000061805
- Legal Description WOODCREEK PH 1A, BLOCK D, LOT 12
- Tax Block D
- Tax Lot 12
Utilities
- Utilities Sewer Available, Water Available
- Water 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 Katie Reames
- Brokerage League Real Estate
- MLS Board NTREIS
- List Date 07/10/2026
- Source Updated 10/03/2026
- Last Updated 10/07/2026
- Virtual Tour View Virtual Tour (PropertyPanorama)
Property Tax & CAD Valuation for 559 Reed Drive
Rockwall CAD records for 559 Reed Drive, Fate, TX 75087 show a CAD market value of $414,954 and a net appraised value of $414,954. 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 559 Reed Drive, Fate, TX 75087, 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 $92,000 + Improvement Value $322,954 = CAD Market Value $414,954
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.
Value: $322,954 Total Area: 3731 Sqft Living Area: 2985 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| MAIN AREA | MA | 1,907 Sqft |
| MAIN AREA | MA | 1,078 Sqft |
| ATTACHED GARAGE | AG | 658 Sqft |
| COVERED PORCH | CP | 70 Sqft |
| COVERED PORCH | CP | 18 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 $414,954 − All Current CAD Reductions $0 = Current Taxed Starting Point $414,954
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 |
$414,954 | 0.2909 | $1,207 | — | $1,207 |
|
County
ROCKWALL COUNTY |
$414,954 | 0.2510 | $1,042 | — | $1,042 |
|
Municipal Utility District (MUD)
RW CO CONS MUD1 |
$414,954 | 0.1550 | $643 | — | $643 |
|
School District
ROCKWALL ISD |
$414,954 | 1.0669 | $4,427 | — | $4,427 |
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) $7,319 − Est. Tax Reductions / Savings — = Est. Taxes (With Current Exemptions) $7,319
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 |
|---|---|---|---|---|---|
| 2021 | $96,900 | $214,990 | $311,890 | $311,890 | +$16,820 / +5.70% |
| 2022 | $115,000 | $288,100 | $403,100 | $403,100 | +$91,210 / +29.24% |
| 2023 | $149,500 | $307,606 | $457,106 | $457,106 | +$54,006 / +13.40% |
| 2024 | $115,000 | $335,293 | $450,293 | $450,293 | -$6,813 / -1.49% |
| 2025 | $105,800 | $330,518 | $436,318 | $436,318 | -$13,975 / -3.10% |
| 2026 | $92,000 | $322,954 | $414,954 | $414,954 | -$21,364 / -4.90% |
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 $395,000 − Current CAD Market Value $414,954 = Under CAD Value -$19,954 (-4.8%)
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 1A
A curated look at local favorites, everyday stops, and lifestyle context near this property.