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$477,955

NAL Estimated Property Value

641 Grisham Dr, Fate, TX, 75087

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,138 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$127.47 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Heat PumpHeating Heat Pump
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Lot Size9,017 sqft

Building Information

Year Built2007
Stories1
Garage Spaces2

Land Information

APN5324-000B-0016-00-0R
Lot Number16
SubdivisionWoodcreek Ph 1-C
Land UseResidential
Legal DescriptionWOODCREEK PH 1-C, BLOCK B, LOT 16
Census Tract040407
Assessed Land Value$105,800
Assessed Improvement Value$372,155
Assessment Year2025

About this property

Relocating sellers have just reduced the price on this incredible home to get it sold...What a rare oppertunity at this price! This home will “WOW” you with it’s curb appeal, versatile floor plan, and 3 car garage. This beautifully designed David Weekley one story in Fate offers the kind of functional layout buyers are actively searching for right now. With 4 bedrooms, 3 full bathrooms, a dedicated office, additional flex space, and a thoughtfully designed split bedroom arrangement, this home gives you the flexibility to make the space work for your lifestyle.One of the standout features is the private secondary bedroom with its own full bathroom, positioned separately from the primary suite for added privacy and convenience. The additional living area works perfectly as a media room, game room, workout space, or second living area depending on your needs. The open concept kitchen and living space was designed for everyday living and entertaining alike with abundant natural light and a seamless flow throughout the main areas of the home. And then there’s the 3 car garage…something buyers are always searching for but don’t often find at this price point. Whether you need extra storage, workshop space, parking, or room for recreational equipment, this setup gives you options. Outside, the manicured landscaping creates clean curb appeal and a backyard space ready to enjoy from day one. Located in Rockwall ISD and just minutes from schools, shopping, dining, and commuter routes, this home is also part of the highly sought after Woodcreek community featuring multiple pools, fitness centers, playgrounds, parks, stocked fishing ponds, walking and biking trails, clubhouse access, and more. If you’ve been searching for a spacious one story home with a flexible layout and standout features in Fate, this one deserves a spot on your list. Seller is motivated and ready to work with the right buyer.

Investor Tools

Property Icon
$477,955
Estimated Property Value
$241,921Estimated Mortgage Balance
$236,523Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,868 /month
Positive
Cash Flow Estimate:
$956 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$795/month
$360/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,145
$477,955
2025
$105,800
$372,155
$477,955
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,145
$477,955

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nexbank Ssb
Conventional
$271,200
No
First
Dec 15, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$241,921
$236,034
49%
51%
$1,626/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$1,986/mo
+$1,024/mo
7.6%

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: Fate

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641 Grisham Dr | Property Details | No Agent List