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$225,000

1244 E Richmond Ave, Fort Worth, TX, 76104

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,152 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.02 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Range, Microwave
FlooringCarpet, Vinyl

Exterior

Lot Size5,998 sqft

Building Information

Year Built2023
Garage Spaces1

Land Information

APN18100-48-12
Lot Number12
SubdivisionHighland Park Addition-Ft Wth
Land UseResidential
Legal DescriptionHIGHLAND PARK ADDITION-FT WTH BLOCK 48 LOT 12
Census Tract123500
Assessed Land Value$18,000
Assessed Improvement Value$160,571
Assessment Year2025

About this property

Come look at this cozy three bedroom and two bathroom home. This home comes with white appliances and a beautiful open concept. Every room is spacious and has beautiful carpet. Home will sell fast and is a must see!! Pictures are for reference only, colors and materials will vary but plans are the same. Estimated Completion is 04-28-23. PLEASE READ MLS DOCS BEFORE showing to verify your client meets eligibility guidelines.

Investor Tools

Property Icon
$225,000
Estimated Property Value
$182,139Estimated Mortgage Balance
$45,689Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,350 /month
Positive
Cash Flow Estimate:
$450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$344/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,003
$178,571
2025
$18,000
$160,571
$178,571
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,003
$178,571

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Fha
$182,139
Yes
First
Jun 5, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$179,311
$45,689
20%
80%
$1,137/mo

Learn About the Market: Opportunity in Fort Worth

Local Market Pages

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Fort Worth

Fort Worth has transformed into one of the fastest-growing large cities in America. Anchoring the western side of the Dallas–Fort Worth Metroplex, the city combines its historic cattle industry and western heritage with modern economic strength. Major employers include aerospace and defense firms, healthcare systems, transportation companies, and advanced manufacturers.

With over one million residents and continued population growth at one of the fastest rates among major U.S. cities, Fort Worth offers relatively affordable housing compared to many peer cities while maintaining the economic advantages of a major metropolitan area. From North Fort Worth growth corridors to established neighborhoods, the city attracts homebuyers, businesses, and new residents seeking opportunity and affordability.

Explore Texas Explore This Area
Population Growth

Population Growth

11.9% since 2020

Net Migration

Net Migration

Strong Positive Migration

Median Home Price

Median Home Price

$299,655

Unemployment Rate

Unemployment Rate

3.7%

Price Trend

Price Trend

-2.5% YoY

New Permits

New Permits

158K

City: Fort Worth

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1244 E Richmond Ave | Property Details | No Agent List