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Grapevine 76051 Oak Creek Estates Grapevine
2905 Ridgewood Drive
$305,000
● House - Off Market

2905 Ridgewood Drive

Grapevine, TX 76051
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,564 Ft²
$402,779
RealtyHop Estimate
38.94%
Since Dec 1, 2020
TX-Dallas
Primary Model

About This Property

I have an updated home; on a corner lot, in Grapevine, TX; for under $300,000! I save time every morning, because the kids can walk to their elementary or high school! I can sleep in for every flight, because DFW Airport is a 10-min drive! I have all the proximity to shopping, retail and entertainment without the luxury price tag! Moving was a cinch; the home was move-in-ready! Our energy bills are much lower because our lot is so heavily shaded! We have the best landscaping on the block! On Friday nights, we don't have to worry about parking, we can grab a drink and walk to the football stadium!
Unit Size
1,564 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$185
Property Type
House
Property Taxes
$455
HOA Dues
-
Year Built
1979

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (NTREIS #14453833)

Price History

Date / Event Date Event Price
Nov 17, 2020 Sold
Premium
Sold
Oct 15, 2020 Listed by Randy White Real Estate Svcs $289,900
Listed by Randy White Real Estate Svcs

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 2
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 506
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,115
  • Total Building Area: 1,564
  • Gross Building Area: 1,564
  • Building Area: 1,564
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,564
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAK CREEK ESTATES
  • Land Acres: 0000000232
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A
  • Legal Description 1: OAK CREEK ESTATES BLOCK 18 LOT 14

Neighborhood

  • School District Name: Grapevine-Colleyville Independent School District
  • School Tax School District: GRPVNE-CLLYVLE
  • Census Tract: 113635

Geography

  • Assessors Map Reference: 27-S
  • Account Number: 01987704
  • District: 011
  • Parcel: 01987704
  • Block: 18
  • Lot: 14
  • Municipality: GRAPEVINE
  • Latitude: 32.9166
  • Longitude: -97.1108

    Address

  • Full Address: 2905 Ridgewood Dr
  • Address - House Number: 2905
  • Address - Street Name: Ridgewood
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Grapevine
  • Carrier Code: C006
  • 4-Digit Zip Code: 3860
  • Zip Code: 76051

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $459,493
  • Tax Rate Code Area: 906

    Appraisal Valuation

  • Standard Deviation: 0.2081
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 439,938
  • High Value: 531,508
  • Low Value: 348,367

    Market Valuation

  • Market Total Value: $376,766
  • Market Land Value: $116,100
  • Market Improvement Value: $260,666

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $376,766
  • Assessed Land Value: $116,100
  • Assessed Improvements Value: $260,666

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 17, 2020
  • Current Sale Recording Date: Nov 20, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: D220305797
  • Previous Sale Recording Date: Oct 04, 2013
  • Previous Sale Contract Date: Sep 27, 2013
  • Previous Sale Amount: $219,700
  • Previous Sale Document Type: 70
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Oak Creek Estates Grapevine

Stats & Trends

Median Asking:

$469,450

Sale Price/ft²

$257

Below Asking

0.01%

Average Days on Market

56

Average Home Size

1840 ft²

Average Home Age

45.7 years

Currently For Sale

3 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1225 Eaton Lane, Grapevine, TX, 76051

$2,550 /mo

  • 3 Beds
  • 2 Baths
  • 1,714 ft²
1225 Eaton Lane, Grapevine, TX, 76051 Listing by Johnny Williams
Unit for rent at 341 Dogwood Drive, Grapevine, TX, 76051

$2,400 /mo

  • 2 Beds
  • 2 Baths
  • 1,450 ft²
341 Dogwood Drive, Grapevine, TX, 76051 Listing by Keylee Adams

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: David Stoltzman, Randy White Real Estate Svcs
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14453833
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2905 Ridgewood Drive built and last sold?
The property at 2905 Ridgewood Drive was built in 1979 and last sold on Nov 17, 2020 for $303,500.
How much is this home worth?
The estimated value of the home located at 2905 Ridgewood Drive is $0.
What are some comparable homes to 2905 Ridgewood Drive?
There are currently no comparable homes to 2905 Ridgewood Drive.
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