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$649,000

225 N Lucas Dr, Grapevine, TX, 76051

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,310 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$280.95 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Cooktop, Gas Oven, Gas Range, Ice Maker, Microwave, Refrigerator, Tankless Water Heater, Wine Cooler
FlooringCeramic Tile, Hardwood, Wood

Exterior

Exterior FeaturesCourtyard, Covered Courtyard, Rain Gutters, Lighting, Private Entrance
Lot Size11,909 sqft

Building Information

Year Built1960
Stories1
Garage Spaces1

Land Information

APN32089B-1-1R
Lot Number1R
SubdivisionPemberton Estates
Land UseResidential
Legal DescriptionPEMBERTON ESTATES BLOCK 1 LOT 1R
Census Tract113714
Assessed Land Value$187,652
Assessed Improvement Value$407,940
Assessment Year2025

About this property

Modern Cottage Living Just Steps From Historic Downtown Grapevine Beautifully remodeled in 2019, this inviting 2-bedroom, 2-bath home blends historic charm with modern style. A cheerful yellow door opens to a bright sunroom, setting the tone for the warmth and character throughout. Hardwood floors, crown molding, updated lighting, and thoughtful details make every space feel elevated and welcoming. At the heart of the home is the chef’s kitchen, complete with a professional gas range, double ovens, farmhouse sink, granite countertops, and a walk-in pantry. A custom wet bar with wine storage and beverage refrigerators creates a perfect entertaining hub. The flexible bonus room—ideal for an office or wine room—adds versatility to the layout. Retreat to the expansive primary suite, large enough for a sitting area and complete with French doors opening to a private front porch. The spa-inspired bathroom features a freestanding clawfoot tub, oversized walk-in shower with rainfall head and bench, double vessel sinks, and a custom-designed walk-in closet. The dining area features French doors that lead to the spacious backyard deck, enhancing the home’s natural indoor–outdoor flow and creating the perfect setting for al fresco dining. Outdoors, enjoy a large fenced yard with mature trees, charming bistro lights, and multiple sitting areas. Additional features include an oversized laundry room, single-car garage, tankless water heater, and updated windows. Location is everything—just a short stroll from Main Street’s shops, dining, wineries, and community events. This is the Grapevine cottage everyone hopes to find—thoughtful, stylish, and filled with character.

Investor Tools

Property Icon
$644,000
Estimated Property Value
$649,000Estimated Mortgage Balance
$0Estimated Equity
-1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,894 /month
Positive
Cash Flow Estimate:
$1,298 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$508/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,872
$595,592
2025
$187,652
$407,940
$595,592
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,872
$595,592

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American National Bank & Trust
Purchase Money Mortgage
$649,000
No
First
Jan 2, 2026
Jan 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$899,136
N/A
0%
140%
$5,421/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,950/mo
$5,421/mo
$-3,471/mo
3.6%

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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