See Home Value
Grapevine 76051
507 N Lucas Drive
$329,000 - $401,000
Land - Off Market

507 N Lucas Drive

Grapevine, TX 76051
bedrooms
Studio
bathrooms
0 Bath
Sold Mar 08, 2024
$133,000
$100,000 by Wellington State Bank
Mortgage Due Mar 05, 2034
Sold Dec 22, 2023
Transfer

About This Property

Location! Location! Location! Calling all Builders, Investors, Landlords, or Individuals looking for Prime Lot in the Heart of Christmas Capital of Texas; Grapevine! Located just minutes to the Historic Downtown! The old home has been demolished to make room for your Brand New Dream Home! This huge corner lot could be positioned to build and enter on the Hilltop side, or with approval by the City, could be divided into two lots! This level lot offers amazing potential for curb appeal, location, and layout options! There are extraordinary New Builds across the street, around the corner, and throughout the Community! Homes in this area Sell Fast! Investors looking for a Safe Investment can Park their cash here for a few years! Properties in Grapevine are Booming! Send your Builder by to see this one before it gets away! Just minutes to the Beautiful Lake Grapevine! The Offer Deadline Date is Monday February 6th at 7 pm! No Blind Offers will be accepted. You Build It and They Will Come!
Unit Size
-
Days on Market
-
Land Size
0.31 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1950

Price History

Date / Event Date Event Price
Apr 30, 2024 No longer available -
No longer available
Feb 7, 2024 In contract -
In contract
Feb 2, 2024 Listed $365,000
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 417
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 13,285
  • Total Building Area: 1,263
  • Gross Building Area: 1,263
  • Building Area: 1,263
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,263
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LUCAS, W C ADDITION
  • Land Acres: 0.305
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LUCAS, W C ADDITION BLOCK 6 S 166.5 18

Ownership

  • Current Owner : HILL DAVID LYNN
  • Previous Owner : PC PEAK DEVELOPMENT LLC
  • Owner Before Previous Owner: WOOD THOMAS TRENT
  • Owner Before Previous Owner 2: WOOD LEA ANN

Neighborhood

  • School District Name: Grapevine-Colleyville Independent School District
  • School Tax School District: GRPVNE-CLLYVLE
  • Census Tract: 113714

Geography

  • Assessors Map Reference: 27-G
  • Account Number: 01618482
  • District: 011
  • Parcel: 01618482
  • Block: 6
  • Municipality: GRAPEVINE
  • Latitude: 32.9445
  • Longitude: -97.0876

    Address

  • Full Address: 507 N Lucas Dr
  • Address - House Number: 507
  • Street Direction: N
  • Address - Street Name: Lucas
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Grapevine
  • Carrier Code: C009
  • 4-Digit Zip Code: 5057
  • Zip Code: 76051

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,510
  • Tax Rate Code Area: 906

    Appraisal Valuation

  • Standard Deviation: 0.1629
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 79
  • Final Value: 369,147
  • High Value: 429,295
  • Low Value: 308,999

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $100,000
  • First Open Lien Mortgage Lender: WELLINGTON STATE BANK
  • First Open Lien Mortgage Recording Date: Mar 08, 2024
  • First Open Lien Mortgage Loan Amount: $100,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 05, 2034

    Market Valuation

  • Market Total Value: $328,702
  • Market Land Value: $140,000
  • Market Improvement Value: $188,702

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $328,702
  • Assessed Land Value: $140,000
  • Assessed Improvements Value: $188,702

    Sales

  • Current Sale Contract Date: Mar 05, 2024
  • Current Sale Recording Date: Mar 08, 2024
  • Current Sale Transaction ID: 11922635729
  • Current Sale Price: $133,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 40136
  • Previous Sale Recording Date: Dec 22, 2023
  • Previous Sale Contract Date: Dec 21, 2023
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLINGTON STATE BANK
  • First Mortgage Transaction Date: Mar 08, 2024
  • First Mortgage Loan Amount: $100,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 05, 2034



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,419 ft²
$366,500 Jul 30, 2021
$330,000 - $402,000 Sep 1, 2021
$552/mo
Land
Loft
-
-
$349,000 Aug 30, 2023
-
-
House
3 Beds
1 Bath
1,144 ft²
$305/ft²
$349,000 Aug 30, 2023
-
-
House
3 Beds
2 Baths
1,652 ft²
$242/ft²
$399,000 Feb 3, 2024
-
-
House
3 Beds
2 Baths
1,160 ft²
$284/ft²
$330,000 Dec 8, 2023
-
-
In Contract
House
3 Beds
1.5 Baths
1,359 ft²
$301/ft²
$409,000 Dec 8, 2023
-
-
House
3 Beds
2 Baths
1,452 ft²
$289/ft²
$420,000 Feb 2, 2024
-
-

About Grapevine


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Frequently Asked Questions

When was property at 507 North Lucas Drive built and last sold?
The property at 507 North Lucas Drive was built in 1950 and last sold on Mar 5, 2024 for $133,000.
How much is this home worth?
The estimated value of the home located at 507 North Lucas Drive is $368,650.
What are some comparable homes to 507 North Lucas Drive?
Homes that are comparable to 507 North Lucas Drive include a land property at 413 Jones Street, a house property at 415 Jones Street, 365 Banyan Drive.

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