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Days1056Days on Market
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$350,000

4016 Grotto Dr, Royse City, TX, 75189

$384,943 ARVInfo
On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,128 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$164.47 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Must-SellAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size6,273 sqft

Building Information

Year Built2023
Garage Spaces2

Land Information

APN5302-000S-0021-00-0R
Lot Number21
Land UseResidential
Legal DescriptionWATERSCAPE PHASE 3A BLK S LOT 21
Census Tract040412
Assessed Land Value$110,000
Assessed Improvement Value$282,450
Assessment Year2025

About this property

Like-New Highland Homes Masterpiece in Waterscape — Where Charm Meets Community! Welcome to this absolutely captivating like-new 4-bedroom, 2-bath home built by the highly acclaimed Highland Homes — a builder synonymous with quality craftsmanship, thoughtful design, and homes that are truly built to impress from the very first glance! From the moment you pull up, the captivating curb appeal stops you in your tracks and sets the tone for everything waiting inside. This is a home that makes a lasting impression before you even step through the front door — and it only gets better from there. Inside, you will discover a layout that has been masterfully designed for both comfort and functionality, making everyday living feel effortless and every family moment feel special. Modern upgrades throughout elevate the home beyond what you might expect, delivering a like-new feel that is polished, move-in ready, and tailored for the way today's families truly live. Whether you are gathering around the kitchen for a casual weeknight dinner, hosting friends and family for a weekend celebration, or simply unwinding in the peaceful comfort of your own home, this layout accommodates every occasion beautifully and naturally. The location within the vibrant Waterscape community is equally extraordinary. Conveniently situated near parks, shopping, dining, and the newest elementary school in the community, everything your family needs is right at your doorstep. And yet — despite all of this incredible access and convenience — this home still manages to deliver the serene, peaceful retreat feel that makes coming home the absolute best part of every single day. Highland Homes quality, modern upgrades, unbeatable community amenities, and a layout designed for life's best moments — this dream home is ready and waiting for the family lucky enough to call it their own.

Investor Tools

Property Icon
$392,450
Estimated Property Value
$388,873Estimated Mortgage Balance
$12,180Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$384,943
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,355 /month
Positive
Cash Flow Estimate:
$785 /month

Interested in this property?

Paul Harding

Orchard Brokerage

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,033/month
$650/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,431
$392,450
2025
$110,000
$282,450
$392,450
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,431
$392,450

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lakeview Community Capital Llc
Fha
$388,873
Yes
First
May 21, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$382,025
$10,425
2%
97%
$2,332/mo

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: Royse City

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4016 Grotto Dr | Property Details | No Agent List