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$665,000

NAL Estimated Property Value

917 Water Oak Dr, Grapevine, TX, 76051

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,414 Sq Ft
price_per_sqft$275.48 / sqft
Year BuiltBuilt in 2003

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
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size8,398 sqft

Building Information

Year Built2003
Stories1
Garage Spaces2

Land Information

APN38602C-2-17
Lot Number17
SubdivisionSilver Lake Estates Addition
Land UseResidential
Legal DescriptionSILVER LAKE ESTATES ADDITION BLOCK 2 LOT 17
Census Tract113714
Assessed Land Value$150,000
Assessed Improvement Value$494,108
Assessment Year2025

About this property

Welcome to this one owner, 4-bedroom, 3-bath home in Silver Lake conveniently located just minutes from historic downtown Grapevine, Lake Grapevine, DFW Airport, and a variety of shopping and dining options. Enjoy easy access to major thoroughfares, making your daily commute a breeze. This spacious home features two living areas, two dining areas, and a 2-car garage. The large backyard offers a covered patio with an extended pergola and a refreshing pool, perfect for relaxing or entertaining. Inside, the family room boasts a cozy fireplace, while the master suite includes a sitting area and a luxurious bath with dual sinks, a jetted tub, and separate shower. The kitchen is equipped with granite countertops, a breakfast bar, center island, smooth cooktop, stainless steel appliances, and a breakfast room. Roof was replaced in 2024! Located in the sought-after Grapevine-Colleyville ISD, this home is ready to make your own!

Investor Tools

Property Icon
$665,000
Estimated Property Value
$434,120Estimated Mortgage Balance
$232,116Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,990 /month
Positive
Cash Flow Estimate:
$1,330 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$414/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,648
$644,108
2025
$150,000
$494,108
$644,108
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,648
$644,108

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Advisors Group
Reverse Mortgage / Hecm
$559,500
No
First
Apr 21, 2016
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$434,120
$230,880
34%
65%
$2,582/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,190/mo
$2,932/mo
+$258/mo
5.8%

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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917 Water Oak Dr | Property Details | No Agent List