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$378,000

NAL Estimated Property Value

2864 Park Place Drive, Grand Prairie, TX, 75052

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,632 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$108.13 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size6,691 sqft

Building Information

Year Built2004
Stories2
Garage Spaces2

Land Information

APN24506-4-35
Lot Number35
SubdivisionLynn Creek Hills
Land UseResidential
Legal DescriptionLYNN CREEK HILLS BLOCK 4 LOT 35
Census Tract111563
Assessed Land Value$60,000
Assessed Improvement Value$307,359
Assessment Year2025

About this property

BACK On MARKET. Don't let the days on the market prevent you from seeing this hidden gem in award winning Mansfield ISD. This move in ready with office or formal dining is walking distance to major shopping centers and comes with a free 6 day pass to Joe Pool Lake! It has new carpet and a new Central AC ready for summer! It offers maximum privacy with the master suite downstairs and all others up. The master has a walk in closet, dual vanities and a separate garden tub and shower. The eat in counter in kitchen with built in table will be a focus place of entertaining with a view to the great room. The upstairs living area or game-room overlooking the entry is great for additional entertaining.Come on home!

Investor Tools

Property Icon
$378,000
Estimated Property Value
$248,772Estimated Mortgage Balance
$129,228Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,268 /month
Positive
Cash Flow Estimate:
$756 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$538/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,561
$367,359
2025
$60,000
$307,359
$367,359
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,561
$367,359

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Financial Network Inc
Fha
$279,444
Yes
First
Sep 29, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$248,772
$129,228
34%
66%
$1,676/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,720/mo
$2,076/mo
+$644/mo
8.6%

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: Grand Prairie

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2864 Park Place Drive | Property Details | No Agent List