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$450,000

1228 S Pine St, Grapevine, TX, 76051

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,346 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$334.32 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Convection Oven, Vented Exhaust Fan
FlooringWood

Exterior

Lot Size9,317 sqft

Building Information

Year Built1954
Stories1
Garage Spaces1

Land Information

APN38700-1-5
Lot Number5
SubdivisionSky Harbor Addition
Land UseResidential
Legal DescriptionSKY HARBOR ADDITION BLOCK 1 LOT 5
Census Tract113712
Assessed Land Value$65,226
Assessed Improvement Value$293,939
Assessment Year2025

About this property

Investment opportunity in historic Grapevine. Home is currently rented through July 2027. Fully restored in 2017, this charming historic home beautifully blends timeless character with comfortable, updated spaces. Ideally located within walking distance of Historic Downtown Grapevine, you'll be just steps from local shops, restaurants, entertainment, festivals, and the vibrant community atmosphere that makes Grapevine such a special place to call home. The open-concept floor plan provides an easy flow between the living, dining, and kitchen areas, making the home equally comfortable for everyday living and entertaining. The spacious living room features large windows, abundant natural light, recessed lighting, and a modern ceiling fan. The heart of the home is the beautifully updated kitchen, featuring crisp white cabinetry, granite countertops, stainless steel appliances, and a large kitchen island with ample counter space and bar seating. The open design allows the kitchen to remain connected to the dining and living spaces, creating an inviting gathering area for family and friends. The home's thoughtful restoration preserves its historic charm while offering the functionality today's buyers desire. Hardwood flooring, crown molding, updated lighting, neutral paint, and well-appointed living spaces create a warm and cohesive feel throughout. Large windows bring in plenty of natural light while offering views of the mature landscaping and surrounding neighborhood. Outside, enjoy a spacious front yard, established landscaping, mature trees, and a private driveway. The home's location makes it easy to leave the car behind and experience Historic Downtown Grapevine on foot. With its historic character, 2017 restoration, open-concept living, large kitchen island, granite countertops, and unbeatable walkable location, this home offers a truly special opportunity to experience the charm of Grapevine with the comfort of modern living.

Investor Tools

$0Estimated Mortgage Balance
$443,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,700 /month
Positive
Cash Flow Estimate:
$900 /month

Interested in this property?

Nicholas Bennett

MAGNOLIA REALTY

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$323/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,665
$359,165
2025
$65,226
$293,939
$359,165
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,665
$359,165

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$446,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,950/mo
N/A
+$1,950/mo
5.3%

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.

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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1228 S Pine St | Property Details | No Agent List