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$491,717

NAL Estimated Property Value

2861 Panhandle Drive, Grapevine, TX, 76051

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,381 Sq Ft
price_per_sqft$253.44 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size9,836 sqft

Building Information

Year Built1980
Stories1
Garage Spaces2

Land Information

APN31825-1-11
Lot Number11
SubdivisionParra Linda Estates
Land UseResidential
Legal DescriptionPARRA LINDA ESTATES BLOCK 1 LOT 11
Census Tract113707
Assessed Land Value$169,350
Assessed Improvement Value$322,367
Assessment Year2025

About this property

Rare opportunity to get into Carroll ISD! this one story home is located in Grapevine but with Southlake Carroll Independent School District for attendance. Location Location Location. Minutes from DFW Airport, Southlake Town Square, Grapevine Lake and Main Street Grapevine. The community is within a couple miles of many parks located just off Grapevine Lake. This 3 bed 2 bath home features a vaulted ceiling, open floor plan, and a bay window for easy outdoor entertaining. Property is being sold AS IS and seller providing home warranty.

Investor Tools

Property Icon
$491,717
Estimated Property Value
$0Estimated Mortgage Balance
$491,717Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,950 /month
Positive
Cash Flow Estimate:
$983 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$797/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,100
$491,717
2025
$169,350
$322,367
$491,717
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,100
$491,717

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$491,717
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
N/A
+$2,580/mo
6.3%

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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2861 Panhandle Drive | Property Details | No Agent List