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B+
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$720,000

2948 Majestic Oak Dr, Grapevine, TX, 76051

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,650 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$271.7 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Convection Oven, Double Oven, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Misting System
Lot Size17,637 sqft

Building Information

Year Built1994
Stories1
Garage Spaces2

Land Information

APN17823--18
Lot Number18
SubdivisionHeritage Oaks Addition-Grpvn
Land UseResidential
Legal DescriptionHERITAGE OAKS ADDITION-GRPVN LOT 18
Census Tract113632
Assessed Land Value$202,450
Assessed Improvement Value$487,014
Assessment Year2025

About this property

Welcome to this meticulously crafted custom single-story home nestled on nearly .5 acre, enveloped by majestic native trees that provide both shade and tranquility. This unique, single-owner residence offers a versatile layout with 3 spacious bedrooms, 3 full baths and flex room and formal living which offers space flexibility to include 4th bedroom AND office. The cul-de-sac location ensures privacy and minimal traffic, making it ideal for families seeking a peaceful environment. A long driveway provides ample parking & space for recreational activities. Step into the heart of relaxation with a luxurious pool, complemented by lush landscaping that creates a private oasis in your own backyard. Embrace the charm of a community known for its picturesque hills and landscaped beauty, all without the constraints of an HOA. Also, just minutes away from DFW for easy commute! Don't miss the opportunity to make this exceptional property your own retreat in a highly sought-after neighborhood.

Investor Tools

Property Icon
$720,000
Estimated Property Value
$0Estimated Mortgage Balance
$720,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,320 /month
Positive
Cash Flow Estimate:
$1,440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$500/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,396
$689,464
2025
$202,450
$487,014
$689,464
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,396
$689,464

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$720,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,190/mo
N/A
+$3,190/mo
5.3%

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.

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: Grapevine

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2948 Majestic Oak Dr | Property Details | No Agent List