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$485,000

1224 Tamarack Ct, Grapevine, TX, 76051

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,842 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$263.3 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringTile

Exterior

Lot Size12,672 sqft

Building Information

Year Built1980
Stories1
Garage Spaces2

Land Information

APN47715-C-24
Lot Number24
SubdivisionWoods Addition, The (Gpv)
Land UseResidential
Legal DescriptionWOODS ADDITION, THE (GPV) BLOCK C LOT 24
Census Tract113716
Assessed Land Value$90,000
Assessed Improvement Value$386,406
Assessment Year2025

About this property

Stunning updated home in a great location on a HUGE cul-de-sac lot! Tons of natural light welcomes you into the space. Features include new roof, new HVAC, recently completed foundation work, new paint, new flooring, freshly painted siding, water heater service, and new landscaping. Be sure to check out the virtual tour!

Investor Tools

Property Icon
$490,000
Estimated Property Value
$476,215Estimated Mortgage Balance
$16,982Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,940 /month
Positive
Cash Flow Estimate:
$980 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$375/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,056
$476,406
2025
$90,000
$386,406
$476,406
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,056
$476,406

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sofi Bank Na
Fha
$476,215
Yes
First
Oct 31, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$473,018
$16,982
3%
97%
$2,974/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,190/mo
$2,974/mo
+$216/mo
7.8%

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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1224 Tamarack Ct | Property Details | No Agent List