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$267,000

NAL Estimated Property Value

1906 W Spanish Trail Dr, Granbury, TX, 76048

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,332 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$209.83 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesDog Run, Rain Gutters, Storage

Building Information

Year Built1986
Stories1
Garage Spaces2

Land Information

APN14025.003.0005.0
Lot Number5
SubdivisionSpanish Trail
Land UseResidential
Legal DescriptionLOT: 5 BLK: 3 SUBD: SPANISH TRAIL WEST
Census Tract160303
Assessed Land Value$40,000
Assessed Improvement Value$174,440
Assessment Year2025

About this property

Located at the back of the Spanish Trail subdivision, this Granbury home sits on an elevated lot surrounded by mature shade trees that create a peaceful, private setting. The 3-bedroom, 2-bath layout features a living room with a vaulted ceiling and an updated wood-burning fireplace that adds warmth and character. Inside, the home has been refreshed from top to bottom with interior paint, luxury vinyl plank flooring, granite countertops in the kitchen, new light fixtures, ceiling fans in every room, new carpet, blinds, and updated hardware. The ceilings have been scraped smooth, bathroom cabinets painted, and both bathrooms include new toilets, exhaust fans, and GFCI plugs. Every detail has been updated—from door knobs to outlets and covers—making this home completely move-in ready. Outside, you’ll find fresh exterior paint, a brand-new wood deck overlooking the fenced backyard, a separate dog run, 10x12 storage shed, gutters with screens, and even an owl house tucked among the trees. The elevated lot offers plenty of shade and privacy, creating a perfect spot to relax or entertain. Conveniently located just minutes from Granbury’s historic downtown square, shopping, and local favorites like Babe’s Chicken Dinner House, Christina’s, and Mesquite Pit. This home combines modern updates, natural beauty, and small-town charm in the welcoming Spanish Trail community.

Investor Tools

Property Icon
$267,000
Estimated Property Value
$0Estimated Mortgage Balance
$267,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,677 /month
Positive
Cash Flow Estimate:
$559 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$164/month
$120/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$630
$214,037
2025
$40,000
$174,440
$214,440
No

Tax History

Year
Tax Paid
Assessed Value
2025
$630
$214,037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$267,000
100%
0%
$0/mo

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: Granbury

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1906 W Spanish Trail Dr | Property Details | No Agent List