GREAT INVESTMENT OPPORTUNITY!!! Possibilities are endless with this rare 0.7186 Acres in downtown Rockwall. Remodel the home or knock it down and build a new home! Home is being sold AS IS. If you have been wanting a little bit of land to build, but are still close to shopping and entertainment, and restaurants, this is your chance. Attractive land with established trees. Just minutes from major highways, shopping, Golf Course, and The Harbor on Lake Ray Hubbard. Desirable Rockwall School District with No HOA.
Single-familyProperty Type
1975Year Built
0.72 acresLot Size
$260Est. Price/Sq.Ft.
Listed by Rebecca Beam• Base Realty
Bought with Gladys Coria-Keatts• Divine Realty Group
Amazing opportunity to build your dream home, multiple homes, or businesses on approximately 2 acres with easy walking distance to Downtown Rockwall's dining and entertainment venues! , Mature pecan and oak trees throughout the property! Per the city possible zoning changes from residential could be PD-50 Residential Office where multiple RO's can be built, Townhouse zoning is also possible. Existing home on property can be demo'd or salvaged and converted to a RO! Multiple parcels included in this listing: 401 N. Alamo . 14 acres PID 000000014003, 405 N. Alamo . 3 acres 000000014020, 503 N. Alamo 1.648 acres PID 000000014002. The seller would prefer to sell all properties together. Contact agent for more info.
Year
Property tax
Land + Additions
Assessment*
2026
$3,623 (+0.9%)
$213,900 + $16,100
$230,000
2025
$3,592 (−4.5%)
$198,472 + $29,528
$228,000
2024
$3,760 (−26.4%)
$198,472 + $29,528
$228,000
2023
$5,112 (+6.8%)
$282,750 + $43,773
$326,523
2022
$4,787 (+38.4%)
$226,200 + $39,820
$266,020
2021
$3,459 (+53.5%)
$145,800 + $32,800
$178,600
2020
$2,254 (+23.3%)
$74,400 + $38,670
$113,070
2019
$1,828 (+2.9%)
$52,170 + $36,450
$88,620
2018
$1,777 (−10.4%)
$47,940 + $34,320
$82,260
2017
$1,984 (+8.6%)
$48,880 + $40,760
$89,640
2016
$1,827 (+22.9%)
$48,880 + $40,760
$89,640
2015
$1,486 (−2.6%)
$50,000 + $29,630
$79,630
2014
$1,526 (+0.6%)
$30,000 + $35,490
$65,490
2013
$1,517 (−2.0%)
$30,000 + $35,490
$65,490
2012
$1,549 (−2.0%)
$30,000 + $34,320
$64,320
2011
$1,581 (−4.0%)
$30,000 + $35,650
$65,650
2009
$1,647
Tax history for 503 N Alamo Rd
Year
Property tax
Land + Additions
Assessment*
2026
$3,623 (+0.9%)
$213,900 + $16,100
$230,000
2025
$3,592 (−4.5%)
$198,472 + $29,528
$228,000
2024
$3,760 (−26.4%)
$198,472 + $29,528
$228,000
2023
$5,112 (+6.8%)
$282,750 + $43,773
$326,523
2022
$4,787 (+38.4%)
$226,200 + $39,820
$266,020
2021
$3,459 (+53.5%)
$145,800 + $32,800
$178,600
2020
$2,254 (+23.3%)
$74,400 + $38,670
$113,070
2019
$1,828 (+2.9%)
$52,170 + $36,450
$88,620
2018
$1,777 (−10.4%)
$47,940 + $34,320
$82,260
2017
$1,984 (+8.6%)
$48,880 + $40,760
$89,640
2016
$1,827 (+22.9%)
$48,880 + $40,760
$89,640
2015
$1,486 (−2.6%)
$50,000 + $29,630
$79,630
2014
$1,526 (+0.6%)
$30,000 + $35,490
$65,490
2013
$1,517 (−2.0%)
$30,000 + $35,490
$65,490
2012
$1,549 (−2.0%)
$30,000 + $34,320
$64,320
2011
$1,581 (−4.0%)
$30,000 + $35,650
$65,650
2009
$1,647
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.