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$224,025

NAL Estimated Property Value

402 College St, Grandview, TX, 76050

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,493 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$100.47 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Gas Range, Gas Water Heater, Refrigerator
FlooringLaminate

Exterior

Exterior FeaturesStorage

Building Information

Year Built1950

Land Information

APN126.3265.02830
Lot Number1B,2A
Land UseResidential
Legal DescriptionLOT 1B,2A BLK 45 ORIGINAL TOWN GRANDVIEW AKA RAMSEY ADDN
Census Tract130501
Assessed Land Value$55,000
Assessed Improvement Value$169,025
Assessment Year2025

About this property

Great opportunity in the heart of Grandview! 402 College St offers small-town charm, a spacious layout, and the chance to add instant value with one final bedroom and bathroom ready to be finished out. The main living areas of the home are already complete and move-in ready, giving you a comfortable place to settle in while you customize the remaining space to your needs. The home sits on a generous lot with multiple outbuildings, including a 12x24 workshop and carport, plus a 20x14 storage building providing plenty of room for projects, hobbies, and extra storage. Inside, the existing finished spaces are bright, functional, and welcoming—ideal for everyday living or for someone looking to invest in a property with upside. Spacious kitchen has gas stove, dishwasher and island. Large dining area and living area. With an acceptable offer, the seller is willing to leave building supplies for the unfinished bedroom, plus a freezer, dryer, queen-size bedframe, and bedroom furniture, making this an even more attractive package. Located close to schools, parks, and Grandview’s local conveniences, this property offers flexibility, potential, and a great location. Whether you're a first-time buyer, investor, or someone looking for a home you can personalize, this home is a standout opportunity.

Investor Tools

Property Icon
$224,025
Estimated Property Value
$29,731Estimated Mortgage Balance
$194,387Estimated Equity
88% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,344 /month
Positive
Cash Flow Estimate:
$448 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$257/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,959
$224,025
2025
$55,000
$169,025
$224,025
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,959
$224,025

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$40,111
No
First
Oct 28, 2014
Dec 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$29,731
$223,269
88%
13%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
N/A
+$1,972/mo
10.6%

Learn About the Market: Opportunity in Texas

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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: Grandview

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402 College St | Property Details | No Agent List