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Grapevine 76051 Silver Lake Estates
916 Spring Creek Drive
$600,000
● House - Off Market

916 Spring Creek Drive

Grapevine, TX 76051
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
3,586 Ft²
$949,754
RealtyHop Estimate
50.78%
Since Aug 1, 2019
TX-Dallas
Primary Model

About This Property

Wonderful 4 bedroom home with inviting pool and spa; just in time for summer! The kitchen is equipped with 5 burner gas cooktop, stainless steel appliances, warming drawer, granite countertops and cozy breakfast nook with window seat. Spacious family room has a cast stone fireplace and a gorgeous stacked stone wall. The master suite is downstairs and has a lovely master bath featuring two sinks, jetted tub, separate shower and walk-in custom closet. Upstairs you will find 3 additional bedrooms, large game or media room, loft area with built-in desk and tons of storage including a separate storage room. Great backyard with covered and open patio areas, pool with water features and attached spa!
Unit Size
3,586 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$176
Property Type
House
Property Taxes
$1,014
HOA Dues
$25
Year Built
2008

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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 #14077562)

Price History

Date / Event Date Event Price
Jul 1, 2019 Sold
Premium
Sold
May 1, 2019 Listed by Debra Weber Realty LLC $629,900
Listed by Debra Weber Realty LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 548
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 36
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 8,107
  • Total Building Area: 3,586
  • Gross Building Area: 3,586
  • Building Area: 3,586
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,586
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SILVER LAKE ESTATES ADDITION
  • Land Acres: 0000000186
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A
  • Legal Description 1: SILVER LAKE ESTATES ADDITION BLOCK 5 LOT 19

Neighborhood

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

Geography

  • Assessors Map Reference: 28-E
  • Account Number: 41102312
  • District: 011
  • Parcel: 41102312
  • Block: 5
  • Lot: 19
  • Municipality: GRAPEVINE
  • Latitude: 32.9497
  • Longitude: -97.0746

    Address

  • Full Address: 916 Spring Creek Dr
  • Address - House Number: 916
  • Address - Street Name: Spring Creek
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Grapevine
  • Carrier Code: C009
  • 4-Digit Zip Code: 8269
  • Zip Code: 76051

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $947,617
  • Tax Rate Code Area: 906

    Appraisal Valuation

  • Standard Deviation: 0.242
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 66
  • Final Value: 855,167
  • High Value: 1,062,148
  • Low Value: 648,185

    Market Valuation

  • Market Total Value: $889,407
  • Market Land Value: $115,000
  • Market Improvement Value: $774,407

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $889,407
  • Assessed Land Value: $115,000
  • Assessed Improvements Value: $774,407

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 01, 2019
  • Current Sale Recording Date: Jul 02, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: D219143637
  • Previous Sale Recording Date: Feb 13, 2017
  • Previous Sale Contract Date: Feb 10, 2017
  • Previous Sale Amount: $499,000
  • 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 Silver Lake Estates

Stats & Trends

Median Asking:

$775,000

Sale Price/ft²

$271

Above Asking

0.00%

Average Days on Market

33

Average Home Size

3118 ft²

Average Home Age

22.5 years

Currently For Sale

4 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 936 Jean Street, Grapevine, TX, 76051

$3,750 /mo

  • 3 Beds
  • 2 Baths
  • 1,350 ft²
936 Jean Street, Grapevine, TX, 76051 Listing by Tracey Dierolf
Unit for rent at 420 E Franklin Street, Grapevine, TX, 76051

$3,695 /mo

  • 2 Beds
  • 2 Baths
  • 1,972 ft²
420 E Franklin Street, Grapevine, TX, 76051 Listing by Jude Carpenter

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Debra Weber, Debra Weber Realty LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14077562
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 916 Spring Creek Drive built and last sold?
The property at 916 Spring Creek Drive was built in 2008 and last sold on Jul 1, 2019 for $591,000.
How much is this home worth?
The estimated value of the home located at 916 Spring Creek Drive is $651,150.
What are some comparable homes to 916 Spring Creek Drive?
There are currently no comparable homes to 916 Spring Creek Drive.
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