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$425,000

1006 N Lucas Dr, Grapevine, TX, 76051

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,524 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$278.87 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Refrigerator, Vented Exhaust Fan
FlooringCeramic Tile, Vinyl

Exterior

Exterior FeaturesCourtyard, Rain Gutters
Lot Size6,739 sqft

Building Information

Year Built1968
Stories1
Garage Spaces2

Land Information

APN3810-F-1
Lot Number1
SubdivisionBrookhollow Estates
Land UseResidential
Legal DescriptionBROOKHOLLOW ESTATES BLOCK F LOT 1
Census Tract113714
Assessed Land Value$85,000
Assessed Improvement Value$184,663
Assessment Year2025

About this property

Adorable 3 bedroom, 2 bath home in a fantastic location in Grapevine! Just minutes from restaurants, shopping, historic downtown Main St. and DFW airport! This cozy home sits up on a hill and has a long, covered front porch perfect to enjoying morning coffee or a conversation with a friend. As you walk into the home, you enter into the large, open living and formal dining areas. Kitchen features eat in dining area with doors leading to small courtyard. Open shelving on either side of the large kitchen window where the sink faces, large pantry and gas range. One bathroom is connected to two bedrooms and has a large garden tub, separate shower and sink. Additional bathroom in hallway has shower-tub combo. Roof is less than a year old, replaced in October 2025. Luxury Vinyl Plank flooring throughout main areas and bedrooms; ceramic tile in bathrooms. Side entry, 2 car garage with built in shelving and cabinets. Washing Machine and Dryer hook up in garage. Door from garage leads to fenced in backyard area. This home is in a great location and is ready for its next owner!

Investor Tools

Property Icon
$378,000
Estimated Property Value
$155,120Estimated Mortgage Balance
$254,797Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,550 /month
Positive
Cash Flow Estimate:
$850 /month

Interested in this property?

Theresa Mason

Magnolia Realty Grapevine

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$266/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,301
$269,663
2025
$85,000
$184,663
$269,663
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,301
$269,663

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Willow Bend Mortgage Co
Conventional
$155,120
No
First
Oct 11, 2016
Nov 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$123,860
$245,140
66%
33%
$931/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$931/mo
+$1,649/mo
8.2%

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Grapevine

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1006 N Lucas Dr | Property Details | No Agent List