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Financing available

$499,000

1140 Monterra Way, Fate, TX 75087

4
beds
2.5
baths
2,825
sqft

Est. with seller financing: $4,661/mo

  • Single-family
  • Built in 2024
  • 7,579 sq ft lot
  • $177/sqft
  • $100/mo HOA
  • Rockwall County

Interested in this home?

Seller financing is available to qualified buyers.

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About this home

THIS IS THE ONE! BEST VALUE IN THE NEIGHBORHOOD! NEW ROOF (2026) REFRIGERATOR INCLUDED. ASSUMABLE FHA LOAN AT 3.99% FOR QUALIFIED BUYERS! Subject to lender approval and buyer qualification. Welcome to 1140 Monterra Way where modern farmhouse charm meets everyday comfort in coveted Monterra and Rockwall ISD. Built by K.Hovnanian, this beautifully appointed Frankfurt floor plan offers 4 bedrooms, 2.5 bathrooms, 2,825 square feet, and a spacious 3-car garage.From the moment you step inside, you'll appreciate the inviting atmosphere, thoughtful design, and stylish finishes throughout. Just off the entry, a private home office with charming double barn doors creates the perfect space for working remotely or enjoying a quiet retreat. An additional activity room near the secondary bedrooms provides endless flexibility for a playroom, media room, home gym, or hobby space. The heart of the home is the expansive great room, where beautiful wood ceiling beams add warmth and character while seamlessly connecting the living, dining, and kitchen spaces. Designed with both entertaining and everyday living in mind, the gourmet kitchen features an oversized center island, abundant cabinetry, and designer finishes that perfectly balance style and functionality.Privately situated at the rear of the home, the spacious primary suite offers a peaceful escape at the end of the day. The spa-inspired ensuite bath features a beautiful freestanding soaking tub and separate shower, creating the perfect place to unwind and recharge.Take the entertaining outdoors to the oversized covered patio, ideal for morning coffee, weekend gatherings, or relaxing evenings under the Texas sky. Newly planted trees along the back fence line will continue to mature, adding privacy and enhancing the outdoor living experience.Beyond the beautiful home, Monterra offers an amenity rich community with exceptional location with convenient access to I-30, shopping, dining, grocery stores, and major retail.

Listing courtesy of Becky Chance, Monument Realty · MLS #21420742 · 214-705-7827

Facts & features

Interior

Features

  • Decorative Designer Lighting Fixtures
  • High Speed Internet
  • Kitchen Island
  • Smart Home
  • Cable Tv
  • Vaulted Ceilings
  • Walk In Closets
  • Wired For Sound

Heating & cooling

  • Heating: Central, Natural Gas
  • Cooling: Central Air, Ceiling Fans, Electric

Flooring

  • Carpet
  • Ceramic Tile

Appliances

  • Dishwasher
  • Disposal
  • Gas Range
  • Microwave
  • Refrigerator
  • Tankless Water Heater

Laundry

  • Laundry In Utility Room

Exterior & lot

Features

  • Rain Gutters

Construction

  • Style: Traditional, Detached
  • Stories: 1
  • Roof: Composition
  • Foundation: Slab
  • Materials: Brick

Parking

  • Garage spaces: 3
  • Garage Faces Front
  • Garage
  • Garage Door Opener

Pool

  • Community

Lot

  • Interior Lot
  • Subdivision
  • Sprinkler System

Community

Neighborhood

  • Subdivision: Monterra Ph 1a

HOA

  • Monterra Owner's Assoc

Schools

  • District: Rockwall ISD
  • Elementary: Celia Hays
  • Middle: Herman E Utley
  • High: Rockwall

Financial & listing details

Listing

  • Price per sq ft: $177
  • County: Rockwall
  • Financing: Financing available from HFP, powered by Doorly

Estimated payment with seller financing

Est. seller-financed payment

$4,661/mo

Principal & interest
$3,614/mo
Property taxes
$714/mo
Homeowners insurance (est.)
$233/mo
HOA dues
$100/mo
Loan amount
$449,100
Seller financing rate (est.)
9.00%
Term
30-year fixed
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This estimate uses our seller financing program's rate. Taxes are from listing data and insurance is estimated. Your actual payment may be higher. Estimate only. Your final rate, payment, and terms are based on approval. This is not a commitment to lend.

Location

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A traditional mortgage isn't the only way. Self-employed, lower credit, ITIN, or turned down before? You may have another option.

Offered by HFP, powered by Doorly, only on this site, not by the seller or listing agent. Subject to underwriting and approval.

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How our financing program works

  1. 1

    Get qualified

    Answer a few quick questions and see the down payment you'd need. It takes about a minute and doesn't pull your credit.

  2. 2

    Make it your home

    Once you're approved, our lending partner buys the home from the seller at closing. The seller is paid in full and never carries a loan.

  3. 3

    Own it

    It resells the home to you at the same closing, with financing, so the title is in your name.

This is different from traditional seller financing, where the seller lends you the money. See the full requirements

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