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Grapevine 76051 Westover
4125 Grace Lane
$785,000
● House - Off Market

4125 Grace Lane

Grapevine, TX 76051
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
3,419 Ft²
$701,300
RealtyHop Estimate
-5.23%
Since Jul 1, 2022
TX-Dallas
Primary Model

About This Property

Showings to start Friday, May 20th. Location, Location, Location! Updated Grapevine home with amazing back yard is move in ready just in time for your summertime fun. Very flexible floorplan with 2 living, 2 dining, & study downstairs. Updates galore including SS appliances, quartz & granites, stack stone and so much more.  3rd living or 5th bedroom with en-suite bath makes a great MIL or 2nd master bedroom. Lots of space inside and out. Extended patio with stamped concrete overlooks the amazing back yard with fenced diving pool - great for entertaining! Walking distance to all 3 schools- Heritage Elem, Heritage Middle and Colleyville Heritage High.  Tons of shopping & dining nearby. Easy access to highways and minutes from DFW International Airport - for an easy commute!
Unit Size
3,419 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$216
Property Type
House
Property Taxes
$783
HOA Dues
-
Year Built
1993

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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 #20054114)

Price History

Date / Event Date Event Price
Jun 17, 2022 Sold
Premium
Sold
May 17, 2022 Listed by Keller Williams Realty $740,000
Listed by Keller Williams Realty

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 2
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 460
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 36
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 11,229
  • Total Building Area: 3,419
  • Gross Building Area: 3,419
  • Building Area: 3,419
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,419
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESTOVER ADDITION
  • Land Acres: 0000000258
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A
  • Legal Description 1: WESTOVER ADDITION BLOCK 2 LOT 7R

Neighborhood

  • School District Name: Grapevine-Colleyville Independent School District
  • School Tax School District: GRPVNE-CLLYVLE
  • Census Tract: 113633

Geography

  • Assessors Map Reference: 41-E
  • Account Number: 06534112
  • District: 011
  • Parcel: 06534112
  • Block: 2
  • Lot: 7R
  • Municipality: GRAPEVINE
  • Latitude: 32.8919
  • Longitude: -97.1064

    Address

  • Full Address: 4125 Grace Ln
  • Address - House Number: 4125
  • Address - Street Name: Grace
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Grapevine
  • Carrier Code: R027
  • 4-Digit Zip Code: 6586
  • Zip Code: 76051

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $889,803
  • Tax Rate Code Area: 906

    Appraisal Valuation

  • Standard Deviation: 0.2129
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 766,971
  • High Value: 930,265
  • Low Value: 603,676

    Market Valuation

  • Market Total Value: $689,915
  • Market Land Value: $128,900
  • Market Improvement Value: $561,015

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $689,915
  • Assessed Land Value: $128,900
  • Assessed Improvements Value: $561,015

    Sales

  • Current Sale Contract Date: Jun 17, 2022
  • Current Sale Recording Date: Jun 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 157932
  • Previous Sale Recording Date: Aug 14, 2000
  • Previous Sale Contract Date: Aug 02, 2000
  • Previous Sale Amount: $248,400
  • 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 Westover

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$209

Below Asking

0.04%

Average Days on Market

60

Average Home Size

3590 ft²

Average Home Age

33 years

Currently For Sale

0 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

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NTREIS

Listed by: Chris Minteer, Keller Williams Realty
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20054114
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 4125 Grace Lane built and last sold?
The property at 4125 Grace Lane was built in 1993 and last sold on Jun 17, 2022 for $778,050.
How much is this home worth?
The estimated value of the home located at 4125 Grace Lane is $0.
What are some comparable homes to 4125 Grace Lane?
There are currently no comparable homes to 4125 Grace Lane.
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