- Rockwall County
- Rockwall TX
- 75032
- Local Area: Somerset Park
- Rockwall ISD
- Tankless Water Heater
- Covered Parking
- Vaulted / Cathedral Ceilings
- Game Room
- Media Room
- Wet Bar
- Covered Patio
Property Overview
Just completed Grand Home in Somerset Park on an east-facing homesite with neighborhood pool and tree lined greenbelts near Lake Ray Hubbard. Perfect for outdoor enthusiasts and active families, this home is zoned to highly sought-after Rockwall ISD, including Rockwall-Heath High School.
Designed with an open-concept layout, this spacious home offers 5 bedrooms and 5 living areas, including a vaulted family room with fireplace, wet bar & built in bookshelves, a home office, downstairs media room, upstairs game room & large bonus room for kids media or playroom. Quality craftsmanship is evident throughout with wood flooring, double iron front doors open to a full oak staircase with iron spindles, 8-foot interior doors, and rocker switches.
The gourmet kitchen features Omegastone slab countertops, Shaker cabinetry, stainless steel appliances, gas cooktop with pot filler, a large island with waterfall sides, & walk-in pantry. The covered back patio provides the perfect setting for outdoor entertaining.
The private primary suite offers cathedral ceilings and a spa-inspired bath complete with a freestanding garden tub, separate vanities, glass tiled shower. There is a downstairs guest suite, while three additional bedrooms are located upstairs. Energy Star features include R38 insulation, and double-insulated vinyl windows for energy efficiency.
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HAVE QUESTIONS ABOUT THIS HOME?
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Property highlights
Year Built 2026
School District Rockwall ISD
HOA $80 Monthly
Pool Yes
Parking 3-car garage, 3 covered
Architecture Detached
Outdoor Living Covered Patio
Fireplace 1 Fireplaces
Neighborhood Somerset Park
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
- Property Condition NewConstruction
- County Rockwall
- Subdivision Somerset Park
- Days on Market 17
Home Details
- Architectural Style Detached
- Stories 2
- Levels Two
- Full Baths 4
- Half Baths 0
- Construction Brick, Radiant Barrier, Rock, Stone
- Foundation Slab
- Roof Composition
- Flooring Carpet, Ceramic Tile, Wood
- Heating Central, Fireplaces, Natural Gas, Zoned
- Cooling Central Air, Ceiling Fans, Electric, Zoned
- Property Attached No
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
- Laundry Features Laundry In Utility Room
- Fireplaces 1
- Fireplace Features Family Room, Gas Log, Gas Starter
- Security Features Security System, Smoke Detectors
Lot & Exterior
- Lot Features Landscaped, Subdivision, Sprinkler System
- Exterior Features Rain Gutters
- Patio & Porch Features Patio, Covered
- Fencing Wood
- Pool Yes
- 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
- Community Features Pool, Trails Paths, Community Mailbox, Curbs, Sidewalks
- Parcel Number 119229
- Tax Block 11
- Tax Lot 25
Utilities
- Utilities Sewer Available, Underground Utilities, Water Available, Cable Available
- Water Public
- Sewer Public Sewer
- Other Equipment Air Purifier
Schools
- School District Rockwall ISD
- Elementary Ouida Springer — Rockwall ISD
- Middle Cain — Rockwall ISD
- High Heath — Rockwall ISD
Listing Information
- Listing Agent Stephen Brooks
- Brokerage Royal Realty, Inc.
- MLS Board NTREIS
- List Date 09/22/2026
- Source Updated 10/25/2026
- Last Updated 10/25/2026
- Virtual Tour View Virtual Tour (Matterport)
Explore in 3D
Property Tax & CAD Valuation for 4123 Olmsted Drive
Rockwall CAD (TrueProdigy) records for 4123 Olmsted Drive, Rockwall, TX 75032 show a CAD market value of $85,000 and a net appraised value of $85,000. 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 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.
Land Value $85,000 + Improvement Value — = CAD Market Value $85,000
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 $85,000 − All Current CAD Reductions $0 = Current Taxed Starting Point $85,000
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 ROCKWALL |
$85,000 | 0.2575 | $219 | — | $219 |
|
County
ROCKWALL COUNTY |
$85,000 | 0.2620 | $223 | — | $223 |
|
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
Est. Taxes (No Exemptions) $1,348 − Est. Tax Reductions / Savings — = Est. Taxes (With Current Exemptions) $1,348
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.
Current List Price $711,000 − Current CAD Market Value $85,000 = Over CAD Value +$626,000 (+736.5%)
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.