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$330,000

5508 Grissom Dr, Arlington, TX, 76016

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,822 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$181.12 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDouble Oven, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal
FlooringLuxury Vinyl Plank, Tile

Exterior

Exterior FeaturesDeck, Rain Gutters
Lot Size9,522 sqft

Building Information

Year Built1976
Stories1
Garage Spaces2

Land Information

APN32460-B-2
Lot Number2
SubdivisionPineridge Estates
Land UseResidential
Legal DescriptionPINERIDGE ESTATES BLOCK B LOT 2
Census Tract121610
Assessed Land Value$58,525
Assessed Improvement Value$270,388
Assessment Year2025

About this property

Attention to detail and a thoughtfully executed floorplan distinguishes this 3-bedroom 2-bath Arlington home where every space has been carefully considered for today's lifestyle. Sitting under a canopy of towering native oak trees this home is in move-in condition. Spectacular great-room with a soaring vaulted ceiling serves as the signature gathering space in this well-maintained home. Anchored by a dramatic floor-to-ceiling brick fireplace, the room radiates warmth and character for unforgettable moments with family and friends. The versatile second living area effortlessly adapts to your lifestyle, offering the flexibility of an additional living, dining or work space. You decide. Cook friendly, updated kitchen will delight the most selective chef with plenty of storage and generous prep space. Spacious primary suite offers a peaceful escape with a well-appointed bath featuring loads of storage and ample space to unwind. Don't miss the two nicely sized auxiliary bedrooms with walk-in closets. Extend your entertaining into the expansive backyard with generous outdoor seating on the beautiful extended deck with powered pergola, inviting everything from relaxed evenings under the trees to memorable gatherings with family and friends. You can't afford to not take a look!

Investor Tools

$108,213Estimated Mortgage Balance
$220,700Estimated Equity
67% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,980 /month
Positive
Cash Flow Estimate:
$660 /month

Interested in this property?

Holly Koester

Keller Williams Lonestar DFW

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$555/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,010
$328,913
2025
$58,525
$270,388
$328,913
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,010
$328,913

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$118,500
No
First
Feb 1, 2022
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$108,213
$220,700
67%
33%
$711/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,590/mo
$711/mo
+$1,879/mo
9.4%

City: Arlington