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$295,000

1971 Shorewood Drive, Grapevine, TX, 76051

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths1,417 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$208.19 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool

Building Information

Year Built1973
Garage Spaces2

Land Information

APN38525C---C--1971--50
Lot Number1971
SubdivisionShorewood Park Estates Condos
Land UseResidential
Legal DescriptionSHOREWOOD PARK ESTATES CONDOS BLOCK C LOT 1971 .02751 CE & 50% UNDIVIDED INTEREST
Census Tract113710
Assessed Land Value$20,000
Assessed Improvement Value$90,000
Assessment Year2025

About this property

OPPORTUNITY IS KNOCKING!!!!! Whether you're an Investor or Homebuyer this is a great opportunity to own a move-in ready Condo with a fantastic location! You can quite literally walk to the Grapevine Horseshoe Trails OR walk to the Dove Waterpark, pickle ball and tennis courts and Dove Park Playground. The Condo comes with brand new carpet in all bedrooms and all new interior paint, it is light and bright and has the cutest enclosed patio ready for your BBQ Grill! It has a wood burning fireplace, full sized two car garage, two AC units both have recently been replaced, and the neighborhood had a community pool and clubhouse. Refrigerator will stay. This is a GREAT deal for a new home under $300K in Grapevine!

Investor Tools

Property Icon
$314,000
Estimated Property Value
$0Estimated Mortgage Balance
$314,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,884 /month
Positive
Cash Flow Estimate:
$628 /month

Interested in this property?

Susan Larrabee

Berkshire HathawayHS PenFed TX

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$173/month
$337/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$510
$110,000
2025
$20,000
$90,000
$110,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$510
$110,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$314,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,950/mo
$337/mo
+$1,613/mo
7.5%

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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