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$328,000

NAL Estimated Property Value

2875 Park Place Dr, Grand Prairie, TX, 75052

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,818 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$173.27 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven
FlooringCarpet, Laminate

Exterior

Lot Size6,499 sqft

Building Information

Year Built2003
Stories1
Garage Spaces2

Land Information

APN24506-5-7
Lot Number7
SubdivisionLynn Creek Hills
Land UseResidential
Legal DescriptionLYNN CREEK HILLS BLOCK 5 LOT 7
Census Tract111563
Assessed Land Value$60,000
Assessed Improvement Value$253,952
Assessment Year2025

About this property

Highest and best offer deadline is Monday at 12pm. Welcome home. This wonderfully kept home is move in ready. Located in the Lynn Creek Hills subdivision, it is very central to both Fort Worth and Dallas. Close enough to the highway that its only a couple minuted away, yet it’s a bit deeper into the neighborhood. Enjoy the huge covered porch in the large backyard when the weather is nice. This is an open concept home with a woodturning fireplace. The master bedroom is separate from the other two bedrooms. One unique aspect of this home is that it has two living spaces and an open area between the secondary bedrooms. This can be used as a game room, study or home office. Very versatile.

Investor Tools

Property Icon
$328,000
Estimated Property Value
$193,568Estimated Mortgage Balance
$134,432Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,968 /month
Positive
Cash Flow Estimate:
$656 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$563/month
$275/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,115
$313,952
2025
$60,000
$253,952
$313,952
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,115
$313,952

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gardner Financial Services Ltd
Conventional
$210,000
No
First
Mar 14, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$193,568
$134,432
40%
59%
$1,260/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,120/mo
$1,535/mo
+$585/mo
7.8%

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: Grand Prairie

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2875 Park Place Dr | Property Details | No Agent List