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$899,900

305 Smith St, Grapevine, TX, 76051

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,448 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$367.61 / sqft
Year BuiltBuilt in 1914

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Plumbed For Ice Maker
FlooringCeramic Tile, Wood

Exterior

Lot Size12,197 sqft

Building Information

Year Built1925
Stories2
Garage Spaces2

Land Information

APNA 422-62B
SubdivisionDooley, William Survey
Land UseResidential
Legal DescriptionDOOLEY, WILLIAM SURVEY ABSTRACT 422 TRACT 62B
Census Tract113712
Assessed Land Value$188,788
Assessed Improvement Value$500,202
Assessment Year2025

About this property

Built in 1914 & documented in the National Register of Historic Places, we are pleased to present the Koonce-Simmons House. The Families were integral to the development of what Grapevine is today. The current owners certainly made their contribution by investing over 300k in restoration with careful attention to the prairie style character of the era & won the Historical Society Restoration Award for the effort. Located two blocks from Historic Main & positioned on more than a quarter acre, this home is a light, bright & cheerful space. Complete renovation of second floor complete in 2022 with farmhouse chic finish out. The sunroom & screened in porch expansion will delight you, as will the addition of a spacious two car garage. Priced to sell, you must see this house to appreciate it!

Investor Tools

Property Icon
$928,000
Estimated Property Value
$700,000Estimated Mortgage Balance
$279,225Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,568 /month
Positive
Cash Flow Estimate:
$1,856 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$620/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,805
$688,990
2025
$188,788
$500,202
$688,990
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,805
$688,990

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Watermark Capital Inc
Conventional
$700,000
No
First
Jun 2, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$648,775
$279,225
30%
70%
$4,197/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$4,197/mo
$-1,617/mo
3.3%

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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