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$2,200,000

405 E Texas St, Grapevine, TX, 76051

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,935 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$559.09 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Range, Gas Water Heater, Double Oven
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBuilt-in Barbecue, Dog Run, Gas Grill, Outdoor Grill, Outdoor Kitchen, Private Yard, Garden
Lot Size15,520 sqft

Building Information

Year Built2011
Stories2
Garage Spaces3

Land Information

APN26149-1-1
Lot Number1
SubdivisionMillican Place Addition
Land UseResidential
Legal DescriptionMILLICAN PLACE ADDITION BLOCK 1 LOT 1
Census Tract113712
Assessed Land Value$202,084
Assessed Improvement Value$851,916
Assessment Year2025

About this property

Welcome to the Millican House, a one-of-a-kind luxury home in the Historic District, walking distance from Main Street. Originally built in 1935 as a Sears kit house, this property has been carefully preserved and rebuilt into an approximately 3,935 square foot masterpiece. The current homeowners have thoughtfully preserved portions of the original house, adding to the charm and character of this stunning home. This property boasts four bedrooms and four bathrooms, providing ample space for comfortable living. The primary bedroom, study and an open floor plan built for entertaining are all conveniently located on the first floor. The guest house features a living area, bathroom and bedroom, perfect for hosting guests or as a private retreat. Venture outside and enjoy the refreshing cocktail pool, outdoor kitchen and living center, surrounded by plenty of lawn space for play. With its prime location in the Historic District, this property offers a unique opportunity to own a piece of history while enjoying modern amenities and comforts. We invite you to come and see this stunning property for yourself. Welcome home!

Investor Tools

Property Icon
$1,786,000
Estimated Property Value
$250,000Estimated Mortgage Balance
$1,540,028Estimated Equity
86% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,200 /month
Positive
Cash Flow Estimate:
$4,400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,027/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,394
$1,054,000
2025
$202,084
$851,916
$1,054,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,394
$1,054,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$250,000
No
First
Jun 2, 2025
Jul 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$245,972
$1,540,028
86%
14%
$1,499/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$1,499/mo
+$1,081/mo
1.7%

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: Grapevine

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405 E Texas St | Property Details | No Agent List