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$270,677

NAL Estimated Property Value

1111 Grace Drive, Princeton, TX, 75407

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,439 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$182.77 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APNR-8786-00D-0180-1
Lot Number18
SubdivisionVillas Of Monte Carlo Phase One (Cpn)
Land UseResidential
Legal DescriptionVILLAS OF MONTE CARLO PHASE ONE (CPN), BLK D, LOT 18
Census Tract031003
Assessed Land Value$100,000
Assessed Improvement Value$170,677
Assessment Year2025

About this property

PRICE IMPROVEMENT! READY FOR NEW OWNERS! MOTIVATED SELLERS! Welcome home to a renovated 3 bedroom and 2 bath home that offers an open floor plan. The large family room is open to the breakfast nook and kitchen. Wall of windows along the back of the home allows great natural light inside. Secondary bedrooms share a bathroom and are separate from the master. Master bedroom is a great size with windows overlooking the backyard. Carpet in secondary bedrooms only. This is a wonderful home that is great for first-time buyers, families with kids, or without. Close to schools, close to 380 and retail. Priced to sell!

Investor Tools

Property Icon
$270,677
Estimated Property Value
$190,695Estimated Mortgage Balance
$79,982Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,624 /month
Positive
Cash Flow Estimate:
$541 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$450/month
$150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,043
$270,677
2025
$100,000
$170,677
$270,677
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,043
$270,677

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$203,200
No
First
Jan 24, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$190,695
$79,982
29%
70%
$1,219/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$1,369/mo
+$781/mo
9.5%

Learn About the Market: Opportunity in Texas

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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.

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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: Princeton

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1111 Grace Drive | Property Details | No Agent List