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$496,000

1338 Airline Dr, Grapevine, TX, 76051

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,700 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$311.76 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Gas Water Heater, Microwave
FlooringVinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesLighting, Outdoor Grill, Garden
Lot Size9,740 sqft

Building Information

Year Built1955
Stories1
Garage Spaces1

Land Information

APN38700-5-10
Lot Number10
SubdivisionSky Harbor Addition
Land UseResidential
Legal DescriptionSKY HARBOR ADDITION BLOCK 5 LOT 10
Census Tract113712
Assessed Land Value$68,208
Assessed Improvement Value$292,592
Assessment Year2025

About this property

Pedestrian living at it's finest! This freshly updated Austin Stone 4 bedroom home features a luxurious and relaxing outdoor living space with a sterling waterfall pool and spa, cabana with sitting area, dining space and a very large grassy green lawn area.  Located just a stone's throw away from Historic Downtown Grapevine which is lined with restaurants, galleries and shops makes these two worlds collide.  Interiors showcase an open floor plan with views through the home, an updated and chic kitchen with stainless farm sink, ss appliances, white granite countertops and oversized subway tile backsplash and modernized ensuite primary bedroom.  4th bedroom can dual as a second living room or home office.  See List of Updates from 2021.  Highlights include: new roof, Lennox HVAC, replaced siding on the entire back wall of home, heavy Iron exterior doors, swimming pool with heated spa and Pentar Pool equipment, outdoor lighting.  Conveniently located to Dallas Fort Worth International Airport, Downtown Grapevine, Highway 114 and a myriad of DFW's sports and entertainment arenas.

Investor Tools

Property Icon
$496,000
Estimated Property Value
$450,000Estimated Mortgage Balance
$49,263Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,180 /month
Positive
Cash Flow Estimate:
$1,060 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$339/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,585
$360,800
2025
$68,208
$292,592
$360,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,585
$360,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Regent Bank
Purchase Money Mortgage
$450,000
No
First
Dec 8, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$446,737
$49,263
9%
90%
$2,698/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,190/mo
$2,698/mo
+$492/mo
7.7%

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.

Explore Texas Explore This Area
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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1338 Airline Dr | Property Details | No Agent List