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$539,000

NAL Estimated Property Value

2908 Old Mill Run, Grapevine, TX, 76051

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,928 Sq Ft
price_per_sqft$242.74 / sqft
Year BuiltBuilt in 1983

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 Cooktop, Microwave, Plumbed For Ice Maker, Gas Water Heater
FlooringCarpet, Wood

Exterior

Lot Size10,041 sqft

Building Information

Year Built1983
Stories1
Garage Spaces2

Land Information

APN8669-2-3
Lot Number3
SubdivisionCreekwood West Addn
Land UseResidential
Legal DescriptionCREEKWOOD WEST ADDN BLOCK 2 LOT 3
Census Tract113632
Assessed Land Value$115,250
Assessed Improvement Value$372,416
Assessment Year2025

About this property

Beautiful custom home in a peaceful wooded setting in one of Grapevine's most desirable neighborhoods, steps from Parr Park. This light filled one owner home feels warm and welcoming the moment you arrive at the pretty red front door. Classic wood floors flow through most of the home, the inviting kitchen has a stylish butcher block island and cabinets in a perfect shade of green, the spacious family room has great storage and style in a wall of cabs and shelves, a cozy wood burning fireplace, and plantation shutters looking out to a private backyard. Large owner's suite has two walkin closets, garden tub, two vanities and separate shower. Two addl bdrms connect to lrg second living room. Trane HVAC 2019.

Investor Tools

Property Icon
$539,000
Estimated Property Value
$262,214Estimated Mortgage Balance
$276,786Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,234 /month
Positive
Cash Flow Estimate:
$1,078 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$421/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,352
$487,666
2025
$115,250
$372,416
$487,666
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,352
$487,666

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Pacific Mortgage Corp
Conventional
$285,000
No
First
Feb 16, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$262,214
$276,786
51%
49%
$1,709/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$1,709/mo
+$871/mo
5.7%

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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