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$709,820

NAL Estimated Property Value

516 Austin Creek Dr, Grapevine, TX, 76051

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,037 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$205.8 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Microwave, Wine Cooler
FlooringCarpet, Ceramic Tile, Hardwood, Laminate, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting, Garden
Lot Size12,192 sqft

Building Information

Year Built1995
Stories2
Garage Spaces2

Land Information

APN1255-6-5
Lot Number5
SubdivisionAustin Oaks Addition-Grapevine
Land UseResidential
Legal DescriptionAUSTIN OAKS ADDITION-GRAPEVINE BLOCK 6 LOT 5
Census Tract113711
Assessed Land Value$120,000
Assessed Improvement Value$589,820
Assessment Year2025

About this property

Multiple Offers Received!! Nestled in the secluded tranquil neighborhood of Austin Oaks, this beautiful 4 bedroom 2.1 bath home looks over a peaceful shaded creek, with nature all around. You will feel like you are on vacation everyday when you come home. Entertain out on the deck, feed your gardening whims in the greenhouse or lounge by the pool- take your pick, it will definitely take you away. With 3 living areas and a very flexible floorplan, this home will be perfect to tailor to your needs. It has an large modern kitchen with stainless appliances, gas cooktop, wine cooler and a breakfast bar that overlooks the family room with a cozy fireplace and windows galore! Working from home? The perfect size office just off the primary suite looks right over the creek, such a pleasant spot to work! With a park just steps away this home is in award winning Grapevine-Colleyville ISD and just minutes from DFW Airport. Easy access and take advantage of shopping and restaurants.

Investor Tools

Property Icon
$709,820
Estimated Property Value
$607,890Estimated Mortgage Balance
$101,930Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,259 /month
Positive
Cash Flow Estimate:
$1,420 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$581/month
$235/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,423
$709,820
2025
$120,000
$589,820
$709,820
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,423
$709,820

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Richard K Bowersock
Commercial
$640,000
No
First
Aug 15, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$607,890
$101,930
14%
86%
$3,838/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,190/mo
$4,073/mo
$-883/mo
5.4%

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: Grapevine

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