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518 Royal Ave, Grand Prairie, TX, 75051

3beds
2baths
1,283sqft
$289,999
$226price/sqft
$2,311/moest. monthly cost
$92,440/yrincome needed

About This Home

Modern design meets peace of mind in this fully renovated home taken down to the studs and rebuilt with quality craftsmanship throughout. Featuring an open-concept layout, this home offers a bright and inviting living space with stylish finishes, updated flooring, designer lighting, and a completely remodeled kitchen and bathrooms. The spacious layout flows effortlessly for everyday living and entertaining alike. Conveniently located near major highways, shopping, dining, schools, and entertainment with easy access to both Dallas and Fort Worth. This is the kind of turnkey home buyers wait for — modern, functional, and move-in ready.

Getting Around

46
WalkingCar-Dependent
0
TransitVery Limited Transit
39
BikeSomewhat Bikeable

Schools

4/10
Patrick Elementary SchoolGrades PK-60.9 mi
2/10
2/10
Sam Houston High SchoolGrades 9-123.2 mi

Construction

Condition

  • Year built: 1955

Type & Style

  • Home type: SingleFamily
  • Architectural style: Detached
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Other

Interior Area

  • Total interior livable area: 1,283 sqft

Living Room

  • Level: First
  • Dimensions: 0 x 0

Master Bedroom

  • Level: First
  • Dimensions: 0 x 0

Property

Details

  • Parcel number: 01604252

Features

  • Levels: One
  • Stories: 1
  • Pool features: None

Lot

  • Lot size: 7,143 sqft

Parking

  • Total spaces: 1
  • Parking features: Driveway,Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailVery High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Hail
Tornado
Cold Wave
Heat Wave
Inland Flooding

FEMA Declared Disasters Across Texas Counties

Fire
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,466$17,592
Home Insurance *$249$2,988
Property Taxes $358$4,296
Electricity $238$2,859
Total$2,311$27,732
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$79,234/yr
40% on housing$69,330/yr
45% on housing$61,626/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.9%
4.9%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: -0.7%
-0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$226This listing

vs Other Active Listings

Avg $/sqft

ZIP 75051$163
Tarrant County$194

vs Homes Sold Last Month

Median $/sqft

ZIP 75051$192
Tarrant County$178

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-30Price change$289,999
2026-05-22Listed for sale$300,000

For Sale by Agent

AgentJose Espitia
BrokeragePowerstar Realty

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