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$319,888

2940 Ridgewood Drive, Grapevine, TX, 76051

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,618 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$197.71 / sqft
Year BuiltBuilt in 1979

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, Double Oven, Gas Cooktop, Gas Oven, Microwave, Plumbed For Ice Maker
FlooringCarpet, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size8,546 sqft

Building Information

Year Built1979
Stories1
Garage Spaces2

Land Information

APN30385-17-43
Lot Number43
SubdivisionOak Creek Estates
Land UseResidential
Legal DescriptionOAK CREEK ESTATES BLOCK 17 LOT 43
Census Tract113635
Assessed Land Value$98,100
Assessed Improvement Value$298,920
Assessment Year2025

About this property

Location! Location! Location! Located close to everything, this hidden gem has unlimited potential and won't last long! Featuring a spacious family room with impressive brick gas fireplace, inviting kitchen with abundant cabinet & counter space, gas drop in range & additional oven, cozy breakfast nook, private master suite with his & her vanity areas, garden tub, separate shower & large walk-in closet, spacious secondary bedrooms, relax, unwind & entertain on the screened in sun porch & cool off in your wonderful built-in play pool with a great yard for kids and pets to run & play. Bonus room in garage makes a perfect work shop or man cave. Home has new furnace, new HVAC & pool pump. Home is being sold AS IS.

Investor Tools

Property Icon
$418,000
Estimated Property Value
$0Estimated Mortgage Balance
$130,150Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,508 /month
Positive
Cash Flow Estimate:
$836 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$334/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,915
$397,020
2025
$98,100
$298,920
$397,020
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,915
$397,020

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Conventional
$318,250
No
First
May 27, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$287,850
$130,150
31%
69%
$1,909/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$1,909/mo
+$671/mo
7.4%

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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2940 Ridgewood Drive | Property Details | No Agent List