$1,300,000
SOLD SEP 4, 2025
Last list price

1201 Stanton Ct Granbury, TX 76048

-- Bed
-- Bath
10,000 Sq Ft
2.62 Acres

Recently Sold

$130 Per Sq Ft

429 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Private Yard
  • Vaulted Ceiling
  • Granite Countertops
  • Fireplace

About This Home

As of September 2025

Incredible investment opportunity with room to expand! 5 condominium units in historic Granbury. Each unit has been updated with attention to detail like neutral paint, crown mounding, fresh carpet & hardwood flooring. Units range in size from 1500-2200 sq ft. Vaulted ceilings & large windows! Stone hearths add character and warmth to the living areas. The kitchens feature stainless steel appliances & granite countertops. Each unit offers spacious bedrooms with large closets & the master suites boast double vanities & separate showers. Both 3-2 & 2-2 floorplans, all with private yards. Additionally, each unit includes a two-car garage for parking or storage needs. This property offers the perfect investment opportunity in the heart of Granbury in the exclusive Stanton Heights neighborhood, just a stone's throw from Lake Granbury and the Historic square where live music, great food, boutique shopping and water recreation can be enjoyed by locals and tourists alike.

Last Agent to Sell the Property

Stephen Reinke

My City Real Estate LLC Brokerage Phone: 512-771-2684 License #0445688 Listed on: 05/17/2024

Last Buyer's Agent

NON-MLS MEMBER

NON MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,159

Year Built

  • Built in 2007

Lot Details

  • 2.62 Acre Lot
  • Private Entrance
  • High Fence
  • Wood Fence
  • Private Yard
  • Back Yard

Home Design

  • Split Level Home
  • Slab Foundation
  • Shingle Roof
  • Mixed Roof Materials
  • Composition Roof
  • Block Exterior

Interior Spaces

  • Walk-In Closet
  • 10,000 Sq Ft Home
  • Open Floorplan
  • Wired For Sound
  • Built-In Features
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Chandelier
  • Decorative Lighting
  • Fireplace

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Inside Entrance
  • Common or Shared Parking
  • Parking Accessed On Kitchen Level
  • Front Facing Garage
  • Single Garage Door
  • Garage Door Opener

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Schools

  • Emma Roberson Elementary School
  • Granbury High School

Utilities

  • Roof Turbine
  • Central Air
  • Heating Available
  • Vented Exhaust Fan
  • Underground Utilities
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 1 / 1
  • Assessor Parcel Number R000100190

Community Details

Overview

  • 10,000 Sq Ft Building
  • Stanton Heights Subdivision

Building Details

  • Gross Income $96,000
  • Net Operating Income $58,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,159

Year Built

Built in 2007

Lot Details

0

Listing Details

  • OWNERNAME: Stanton Heights Partnership LP
  • Property Type: Residential Income
  • Unit Levels: Multi/Split
  • Year Built Details: Preowned
  • Attribution Contact: 512-771-2684
  • CapRate: 4.46
  • Co List Office Mls Id: FRPE01
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Year Built: 2007

Interior Features

  • Square Footage: 10000.0
  • Interior Amenities: Built-in Features, Chandelier, Decorative/Designer Lighting Fixtures, Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Tile Counters, Cable TV, Vaulted Ceiling(s), Natural Woodwork, Walk-In Closet(s), Wired for Sound
  • Flooring: Carpet, Combination, Ceramic Tile, Hardwood
  • Appliances: Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Disposal, Refrigerator, Vented Exhaust Fan, Washer

Exterior Features

  • Foundation: Slab
  • Community Features: Curbs
  • Fencing: Back Yard, High Fence, Wood
  • Roof: Composition, Mixed, Shingle
  • Construction Materials: Block, Rock, Stone
  • Exterior Features: Lighting, Private Entrance, Private Yard, Rain Gutters
  • Pool Features: None

Garage/Parking

  • Cooling System: Central Air, Ceiling Fan(s), Electric, Roof Turbine(s)
  • Parking Features: Common, Door-Single, Garage Faces Front, Garage, Garage Door Opener, Inside Entrance, Kitchen Level, Other
  • GarageYN: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Electric, Fireplace(s)
  • Utilities: Electricity Available, Electricity Connected, Sewer Available, Separate Meters, Underground Utilities, Water Available, Cable Available
  • Heating Yn: Yes

Schools

  • Elementary School: Emma Roberson
  • High School: Granbury
  • Junior High Dist: Granbury ISD

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 2.617
  • Parcel Number: R000100190
  • Lot Size Acres: 2.617
  • Lot Size Sq Ft: 113996.52

Building Info

  • Year Built: 2007
  • Units Total: 5

Multi Family

  • Insurance Expense: 12000.0
  • Annual Gross Income: 96000.0
  • Property Net Operating Income: 58000.0

Tax Info

  • TaxBlock: 1
  • Tax Lot: 1
  • Tax Annual Amount: 4159.0

MLS Schools

  • MiddleOrJuniorSchool: Granbury

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2024
Closed on
Sep 4, 2025
Sold by
Stanton Heights Partnership Lp
Bought by
Kenneth Huseman Family Partnership Lp
Seller's Agent
Stephen Reinke
My City Real Estate LLC
Buyer's Agent
NON-MLS MEMBER
NON MLS
List Price
$1,300,000
Views
157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-100.00%

Purchase Details

Closed on
May 14, 2024
Sold by
Bowden Carol M and Bowden William Michael
Bought by
Texas Transportation Commission

Purchase Details

Closed on
Jan 31, 2011
Sold by
Ringco Investments Inc
Bought by
Stanton Heights Partnership Lp

Purchase Details

Closed on
Jan 18, 2011
Sold by
Ringco Investments Inc
Bought by
Stanton Heights Partnership Lp

Purchase Details

Closed on
Dec 27, 2010
Sold by
First Financial Bank Na
Bought by
Ringco Investments Inc

Purchase Details

Closed on
Sep 1, 2009
Sold by
Giness One Llc
Bought by
Stanton Heights Partnership Lp

Purchase Details

Closed on
Jun 27, 2008
Sold by
1301 Paluxy Development Lp
Bought by
Giness One Llc

Purchase Details

Closed on
Sep 22, 2006
Sold by
1301 Paluxy Development Lp
Bought by
Stanton Heights Partnership Lp

Purchase Details

Closed on
Jun 8, 2006
Sold by
Cole Thomas Gary
Bought by
1301 Paluxy Development Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$542,000
Interest Rate
6.56%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Texas Title
Deed -- Town Square Title
Special Warranty Deed -- None Available
Deed -- --
Special Warranty Deed -- None Available
Deed -- --
Special Warranty Deed -- Central Texas Title
Deed -- --
Vendors Lien -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $542,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2025 09/04/25 Sold -- -- --
07/21/2025 07/21/25 Pending -- -- --
05/19/2025 05/19/25 For Sale $1,300,000 0.0% $130 / Sq Ft
05/11/2025 05/11/25 Off Market -- -- --
11/22/2024 11/22/24 Price Changed $1,300,000 -10.3% $130 / Sq Ft
05/17/2024 05/17/24 For Sale $1,450,000 -- $145 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,824 $176,310 $176,310 $0
2023 $2,824 $176,310 $176,310 $0
2022 $2,011 $117,540 $117,540 $0
2021 $2,270 $117,540 $117,540 $0
2020 $2,295 $117,540 $117,540 $0
2019 $2,380 $117,540 $117,540 $0
2018 $2,116 $104,480 $104,480 $0
2017 $2,163 $104,480 $104,480 $0
2016 $2,163 $104,480 $104,480 $0
2015 $2,146 $104,480 $104,480 $0
2014 $2,146 $104,480 $104,480 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20617623

North Texas Real Estate Information Systems (NTREIS)

APN: R000100190