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$506,000

NAL Estimated Property Value

1509 S Lake St, Fort Worth, TX, 76104

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,739 Sq Ft
price_per_sqft$273.15 / sqft
Year BuiltBuilt in 1922

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Dishwasher, Disposal, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Hardwood, Laminate, Other

Exterior

Exterior FeaturesGarden, Lighting, Other, Private Entrance, Private Yard, Storage
Lot Size4,996 sqft

Building Information

Year Built1922
Stories1

Land Information

APN24370-5-4
Lot Number4
SubdivisionLoyds Addition
Land UseResidential
Legal DescriptionLOYDS ADDITION BLOCK 5 LOT 4
Census Tract104100
Assessed Land Value$110,000
Assessed Improvement Value$349,251
Assessment Year2025

About this property

Don't miss out on this beautiful property in FW's sought-after Fairmount area! This 3b 2ba historic bungalow is steps away from Magnolia Ave shops & restaurants and sits on a corner lot backing up to the community garden and neighborhood park. While in the middle of the action, this peaceful urban oasis is perfect for relaxing and entertaining! Enjoy low-maintenance designer landscaping with native plants, multiple patios, shade sail, outdoor fans, and a hot tub, all surrounded by a custom cedar privacy fence and shaded by mature trees. Home features welcoming front porch, huge living room, and primary suite with updated bathroom and separate entrance. Gorgeous original details such as decorative fireplaces & built-in cabinetry. Lots of storage throughout, including a mudroom, utility room, and large closets. Choice zone for Lily B Clayton or De Zavala elementary schools! The roof was replaced in 2016, foundation rebuilt in 2013, and alll plumbing replaced to PVC. It's ready for you!

Investor Tools

Property Icon
$506,000
Estimated Property Value
$413,599Estimated Mortgage Balance
$92,401Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,036 /month
Positive
Cash Flow Estimate:
$1,012 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,070/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,305
$459,251
2025
$110,000
$349,251
$459,251
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,305
$459,251

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Fha
$444,647
Yes
First
Aug 8, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$413,599
$92,401
18%
82%
$2,666/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$2,666/mo
$-739/mo
4.6%

City: Fort Worth

1509 S Lake St | Property Details | No Agent List