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503 Margaret St

Fate, TX 75189
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Just listedJust listed
3 Bedroom(s)
2 Full Bath(s)
1,743 Sqft
0.50 Lot Acres
Residential - Single Family

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Description

Charming and beautifully updated home in sought-after Fate near Lake Ray Hubbard offering 3 bedrooms, 2 bathrooms, and a spacious 2-car garage on a rare half-acre lot. This move-in ready property features fresh interior and exterior paint along with updated flooring throughout the home, creating a clean and modern feel. The open-concept layout offers comfortable living spaces filled with natural light, while the oversized lot provides endless possibilities for outdoor entertaining, gardening, or future additions. Conveniently located near shopping, dining, schools, and easy access to I-30, this home combines peaceful suburban living with close proximity to Lake Ray Hubbard recreation and nearby Rockwall amenities. Enjoy the freedom of NO HOA with plenty of room for boats, trailers, RV parking, or creating your ideal backyard retreat. Perfect for buyers seeking updated finishes, extra outdoor space, and a prime location in the growing Fate community. Schedule your private showing today!

MLS#
NTREIS-21275852
List Price
$349,900 ($201/Sqft.)
Listing Status
For Sale
Address
503 Margaret St
City
Fate
State
TX
Zip Code
75189
County
Rockwall County
Subdivision
Melody Ranch Ph II
Legal Description
MELODY RANCH PHASE II, BLOCK E, LOT 7
Property Type
Residential - Single Family
Bedroom
3 Bedroom(s)
Bath
2 Full Bath(s)
Garages
2 / Attached
Stories
1
Building Size
1,743 Sqft/Appraisal District
Year Built
2005 /Appraisal District
Lot Size
0.50 Lot Acres/Appraisal District
LP / Acre
$698,403 / Acre

Rooms

Living
14 x 17, 1st
Kitchen
12 x 13, 1st
Breakfast
12 x 9, 1st
Primary Bedroom
12 x 20, 1st
Bedroom
11 x 12, 1st
Bedroom
12 x 11, 1st

Interior

Number Of Living Area
1
Fireplace
1/Wood Burning
Floors
Ceramic Tile, Luxury Vinyl Plank
Cooling
Central Air, Electric
Heating
Central, Electric
Appliances
Dishwasher, Disposal, Electric Cooktop, Electric Oven
Interior
Vaulted Ceiling(s), Walk-In Closet(s)

Exterior

Roof
Composition
Foundation
Slab
Private Pool
No
Exterior Type
Brick, See Remarks
Parking
Covered, Driveway, Garage Door Opener, Garage Double Door
Parking Space
Garage 2 / Carport 0 / Total Covered 2
Utility
Aerobic Septic

Extra details you may need to know

Dwelling Type
Single Detached

Lot Information

Lot Size
0.50 Lot Acres /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

Listing Broker

Information source

North Texas Real Estate Information Systems, Inc.
Source last updated Jun 02, 2026 at 05:58 AM
Listing last updated Jun 01, 2026 at 04:00 AM
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Cost/Sqft based on tax value

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Estimated Monthly Payments

DOWN PAYMENT
Loan Term
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Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Assigned schools

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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
Copyright© 2026 , HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved. Data Not Verified/Guaranteed by MLS
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