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$550,000

NAL Estimated Property Value

2850 Creekwood Drive, Grapevine, TX, 76051

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,565 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$214.39 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Convection Oven, Double Oven, Wine Cooler
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size8,864 sqft

Building Information

Year Built1977
Stories1
Garage Spaces2

Land Information

APN8665-1-50
Lot Number50
SubdivisionCreekwood Estates Addition
Land UseResidential
Legal DescriptionCREEKWOOD ESTATES ADDITION BLOCK 1 LOT 50
Census Tract113632
Assessed Land Value$101,750
Assessed Improvement Value$344,250
Assessment Year2025

About this property

Nestled on a beautiful corner lot in the heart of Grapevine, this home combines comfort, convenience, and lifestyle in one incredible package. From the moment you arrive, you’ll appreciate the impressive four-car-wide driveway, mature trees, and welcoming curb appeal. Fresh paint and brand new carpet throughout make the home feel bright and clean. Inside, you’ll find flexible living spaces designed to fit today’s lifestyle, including a versatile second living area complete with a wet bar; perfect for a home office, workout room and-or game room. Step outside and discover a backyard built for both relaxation and functionality. Enjoy evenings by the pool watching your favorite games or movies on the outdoor TV with built-in speakers, while the oversized side gate provides easy access for storing jet skis, trailers, or other large recreational items. A backyard storage shed adds even more practical space for tools and equipment. This home also offers valuable updates and energy-efficient features, including a newer roof just two years old, radiant barrier attic insulation, and a whole-house electrical surge protector for added peace of mind. Location truly sets this property apart. Just a short walk around the corner, Parr Park offers something for everyone with playgrounds, walking and running trails, a spray-ground, pavilion, and baseball fields. Students will love the ability to walk to highly regarded GCISD schools, while commuters will appreciate the central location between Dallas and Fort Worth with quick access to DFW Airport. Shopping, dining, and entertainment are all nearby, giving you the best of convenience and community. And if you love celebrating the holidays, there’s no better place to call home than Grapevine, famously known as the Christmas Capital of Texas, with year-round charm and community events that make every season special.

Investor Tools

Property Icon
$550,000
Estimated Property Value
$281,966Estimated Mortgage Balance
$268,034Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$375/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,748
$446,000
2025
$101,750
$344,250
$446,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,748
$446,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hcp Mortgage Llc
Conventional
$320,000
No
First
May 19, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$281,966
$268,034
48%
51%
$1,919/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$1,919/mo
+$661/mo
5.6%

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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2850 Creekwood Drive | Property Details | No Agent List