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$400,240

318 Hopewell St, Grand Prairie, TX, 75052

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,907 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$194.02 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Simulated Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size6,813 sqft

Building Information

Year Built1985
Stories2
Roof Type105
Garage Spaces2

Land Information

APN28243010030460000
Lot Number46
SubdivisionWestchester 1-A
Land UseResidential
Legal DescriptionWESTCHESTER 1-A BLK 3 LOT 46 INT202500118893 DD06062025 CO-DC 2430100304600 4CP24301003
Census Tract016415
Assessed Land Value$55,000
Assessed Improvement Value$345,240
Assessment Year2025

About this property

MOTIVATED SELLER! What a beauty, just minutes from Joe Pool Lake, Cedar Ridge Preserve, Cedar Hill State Park, Parkhill Park & Pavilion, excellent dining and entertainment, including Chicken & Pickle, Epic Waters, ranked as one of the best indoor water parks in the USA, Main Event, Andretti, IKEA, Central Bank, Play Grand Adventures & Bolder Rock Climbing and so much more! This impeccably maintained home boasts a roof replacement in 2023, solar panels 2022, microwave replaced 2023, dishwasher 2023, gorgeous hardwood flooring 2024, two HVAC units, custom bead board ceilings in the primary and breakfast rooms, upstairs living area has a very cool barn wood ceiling! The gorgeous color palette and recent granite countertops and gray cabinetry will spark your inner gourmet chef! The back yard is HUGE with plenty of space for play equipment (will remain) and bar-b-que with plenty of space for outdoor dining. This property is in a PID. See documentation in document section.

Investor Tools

Property Icon
$400,240
Estimated Property Value
$167,525Estimated Mortgage Balance
$235,414Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,401 /month
Positive
Cash Flow Estimate:
$800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$749/month
$36/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,987
$400,240
2025
$55,000
$345,240
$400,240
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,987
$400,240

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Mortgage Associates Inc
Conventional
$167,525
No
First
Jun 6, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$164,826
$235,414
58%
41%
$1,005/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,120/mo
$1,041/mo
+$1,079/mo
6.4%

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.

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: Grand Prairie

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318 Hopewell St | Property Details | No Agent List