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Days54Days on Market
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$550,000

$575,000

1659 Granite Rapids Dr, Frisco, TX, 75036

On MarketInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths2,613 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$210.49 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringCarpet, Tile, Wood, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size7,179 sqft

Building Information

Year Built2001
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR221629
Lot Number7
SubdivisionWestfalls Village Ph 5
Land UseResidential
Legal DescriptionWESTFALLS VILLAGE PH 5 BLK F LOT 7
Census Tract021539
Assessed Land Value$142,332
Assessed Improvement Value$478,227
Assessment Year2025

About this property

Welcome to 1659 Granite Rapids Drive — a North facing, beautifully updated and truly move-in ready home located in the highly sought-after Frisco ISD. This spacious 4-bedroom, 3-bathroom residence offers the perfect blend of modern upgrades, comfort, and functionality, making it an exceptional opportunity in one of Frisco’s most desirable areas. Step inside to discover a fresh, inviting interior featuring new paint - creating a bright and contemporary feel throughout. The thoughtfully remodeled kitchen showcases stylish finishes and improved functionality, ideal for both everyday living and entertaining. Updated bathrooms provide a modern touch with quality upgrades that enhance both form and function. Major system updates offer peace of mind, including an HVAC and a water heater. Additional enhancements throughout the home include an Reverse Osmosis system, a beautifully upgraded staircase with wood, a sleek electric fireplace for a cozy focal point, and a storm door that adds both efficiency and charm. The exterior and outdoor spaces are just as impressive, featuring a patio with a concrete extension perfect for gatherings in the oversized backyard, and a privacy fence that creates a comfortable backyard retreat. The garage has been upgraded with an epoxy floor, adding durability and a polished finish. Located in the heart of Frisco, the home is walking distance to Newman Park, Sparks Elementary, and Pioneer Heritage middle school. It is a short drive to all that Frisco has to offer - Frisco Square, Legacy West, The Star, PGA Frisco, and the upcoming Grand Park. With its extensive updates, functional layout, and prime location in Frisco ISD, this home offers exceptional value and convenience. Don’t miss your chance to own a well-maintained, turnkey property in one of North Texas’ most in-demand communities. If agents preferred lender is used, up to 1% of loan amount credit can be provided by lender - call agent for additional information.

Investor Tools

Property Icon
$569,000
Estimated Property Value
$290,300Estimated Mortgage Balance
$309,001Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,414 /month
Positive
Cash Flow Estimate:
$1,138 /month

Interested in this property?

Daniel Nestorovski

Keller Williams Central

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$310/month
$750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$873
$517,331
2025
$142,332
$478,227
$620,559
No

Tax History

Year
Tax Paid
Assessed Value
2024
$873
$517,331

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Provident Funding Associates Lp
Conventional
$290,300
No
First
Feb 12, 2021
Mar 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$261,032
$300,968
53%
46%
$1,741/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$2,491/mo
+$209/mo
5.7%

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: Frisco

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1659 Granite Rapids Dr | Property Details | No Agent List