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$291,000

NAL Estimated Property Value

1953 Shorewood Dr, Grapevine, TX, 76051

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,272 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.18 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesTrash Compactor, Dishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Washer
FlooringCarpet, Ceramic Tile

Building Information

Year Built1973
Garage Spaces2

Land Information

APN38525C---D--1953
Lot Number1953
SubdivisionShorewood Park Estates Condos
Land UseResidential
Legal DescriptionSHOREWOOD PARK ESTATES CONDOS BLOCK D LOT 1953 .02326 CE
Census Tract113710
Assessed Land Value$40,000
Assessed Improvement Value$246,352
Assessment Year2025

About this property

Gorgeous, renovated 3 bedroom 2.5 bath townhome close to Grapevine Lake. Granite counter tops, double stainless steel sink, SSL appliances including side by side refrigerator. The wine cooler in the KT and the wet bar are unique extras perfect for entertaining. Exquisite luxury vinyl tile floors throughout the downstairs provide a sleek, modern look. The ample size master has an ensuite bathroom and sliding doors that lead to a nice sized balcony. The 2 car garage is flanked by a fenced in patio area and storage unit. Close to Horse shoe trails with hiking, mountain bike and running trails and Dove elementary school and park. This is a MUST see home!

Investor Tools

Property Icon
$291,000
Estimated Property Value
$173,996Estimated Mortgage Balance
$117,004Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,746 /month
Positive
Cash Flow Estimate:
$582 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$236/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,381
$286,352
2025
$40,000
$246,352
$286,352
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,381
$286,352

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Waterstone Mortgage Corp
Conventional
$192,000
No
First
Jun 4, 2021
Jul 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$173,996
$117,004
40%
60%
$1,152/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,950/mo
$1,152/mo
+$798/mo
8.0%

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: Grapevine

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1953 Shorewood Dr | Property Details | No Agent List