NOT LISTED FOR SALE

507 N Lucas Dr Grapevine, TX 76051

Estimated Value: $402,345 - $462,000

0.31 Acre
$1,416,961 Price per Acre
13,286 Sq Ft Lot

Last Sold March 05, 2024

Current estimated payment $2,415/month

4 Days on Market

About This Lot

As of March 2024

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!

Last Agent to Sell the Property

Paul Lewis

Texas Investors Realty Brokerage Phone: 214-467-0467 License #0334033 Listed on: 01/31/2024

Last Buyer's Agent

Stephen Lewis

eXp Realty LLC License #0602889

eXp Realty LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,834

Year Built

  • Built in 1950

Lot Details

  • 0.31 Acre Lot
  • Corner Lot
  • Interior Lot
  • Few Trees

Schools

  • Silver Lake Elementary School
  • Grapevine Middle School
  • Colleyville Heritage High School

Community Details

  • Lucas W C Add Subdivision

Listing and Financial Details

  • Legal Lot and Block 18 / 6
  • Assessor Parcel Number 01618482
  • $5,510 per year unexempt tax

Property Details

Property Type

Land

Est. Annual Taxes

$1,834

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Unimproved Land
  • Restrictions: None
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Will Subdivide: No
  • Agricultural Exemption YN: No
  • Attribution Contact: 214-467-0467
  • Special Features: None

Exterior Features

  • Easements: None

Utilities

  • Utilities: City Sewer, City Water, Electricity Available, Sewer Available

Condo/Co-op/Association

  • Association Type: None

Association/Amenities

  • DevelopmentStatus: City Limits

Schools

  • School District: Grapevine-Colleyville ISD
  • Elementary School: Silver Lake

Lot Info

  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Features: Corner Lot, Few Trees, Interior Lot, Subdivision
  • Lot Size Units: Acres
  • Lot Size Area: 0.3050
  • Parcel Number: 01618482
  • Lot Size Acres: 0.3050
  • Lot Size Sq Ft: 13285.8000
  • Zoning Description: Single Family

Building Info

  • Year Built: 1950

Tax Info

  • Unexempt Taxes: 5510
  • TaxBlock: 6
  • Tax Lot: 18

MLS Schools

  • Middle School Name: Grapevine
  • Elementary School Name: Silver Lake
  • High School Name: Colleyville Heritage

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2024
Closed on
Mar 5, 2024
Sold by
Pc Peak Development Llc
Bought by
Hill David Lynn
Seller's Agent
Paul Lewis
Texas Investors Realty
Buyer's Agent
Stephen Lewis
eXp Realty LLC
List Price
$365,000
Views
14
Current Estimated Value
$432,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.78%
Original Mortgage
$100,000
Outstanding Balance
$88,905
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$343,268

Purchase Details

Closed on
Dec 21, 2023
Sold by
Wood Thomas Trent and Wood Lea Ann
Bought by
Pc Peak Development Llc

Purchase Details

Closed on
Mar 30, 2001
Sold by
Carter Patricia Jean and Hundall Cheryl Lynn Arter
Bought by
Wood Thomas Trent and Wood Lea Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,600
Interest Rate
7%
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Hill David Lynn -- Alamo Title
Pc Peak Development Llc -- Alamo Title
Wood Thomas Trent -- Safeco Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hill David Lynn $100,000
Previous Owner Wood Thomas Trent $57,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2024 03/05/24 Sold -- -- --
02/05/2024 02/05/24 Pending -- -- --
01/31/2024 01/31/24 For Sale $365,000 -- $289 / 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
2025 $1,834 $193,143 $193,143 --
2024 $1,834 $380,175 $193,143 $187,032
2023 $5,510 $328,702 $140,000 $188,702
2022 $5,134 $259,121 $140,000 $119,121
2021 $5,657 $260,166 $140,000 $120,166
2020 $5,277 $239,893 $140,000 $99,893
2019 $5,170 $226,700 $140,000 $86,700
2018 $1,237 $208,116 $140,000 $68,116
2017 $4,894 $211,602 $140,000 $71,602
2016 $3,256 $140,786 $61,000 $79,786
2015 $2,179 $95,000 $50,000 $45,000
2014 $2,179 $95,000 $50,000 $45,000
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2024

    Paul Lewis

    Texas Investors Realty

    (214) 906-7293

    1 in this area

    226 Total Sales

    Paul Lewis
    Section Image
  • Stephen Lewis

    Buyer's Agent in 2024

    Stephen Lewis

    eXp Realty LLC

    (214) 991-4147

    1 in this area

    83 Total Sales

    Stephen Lewis
    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20524973

North Texas Real Estate Information Systems (NTREIS)

APN: 01618482

Texas Tarrant County Grapevine 76051

507 N Lucas Dr, Grapevine, TX

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