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$396,000

NAL Estimated Property Value

16004 Farringdon Street, Fort Worth, TX, 76247

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,463 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$142.06 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesDisposal, Gas Cooktop, Gas Water Heater, Tankless Water Heater
FlooringCeramic Tile

Exterior

Lot Size5,663 sqft

Building Information

Year Built2020
Stories2
Garage Spaces2

Land Information

APNR989117
Lot Number10
SubdivisionTrails Of Elizabeth Creek Phase 1
Land UseResidential
Legal DescriptionTRAILS OF ELIZABETH CREEK PHASE 1 BLK 11 LOT 10, UNDIVIDED INTEREST 50.0000000000% - UDI: 50.000000%
Census Tract020320
Assessed Land Value$48,134
Assessed Improvement Value$150,419
Assessment Year2025

About this property

Great opportunity to take over a stalled renovation project priced far below market value! This 4 bedroom 3 full bath 2 car garage home in the Trails of Elizabeth Creek is available now. This 2463ft home is only 5 years old and features a spacious design with a gourmet kitchen and a large upstairs game room. Perfect opportunity to purchase a priced below market home and put your personal touches on it or it would make a Great Investment opportunity as a rental in a high demand market. The home would need new carpet, tape bed texture repairs, paint, a new dishwasher and approx. 35% of the shingles replaced as well as a few other minor repairs. Located close to the Racetrack in the Alliance corridor with all the opportunities for shopping, dining and entertainment that offers. Home is priced given its current condition . Sellers prefer cash or hard money. Will consider conventional financing that allows for after closing renovations but must be able to close in 30-45 days. Don't miss this opportunity.

Investor Tools

Property Icon
$396,000
Estimated Property Value
$0Estimated Mortgage Balance
$396,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,376 /month
Positive
Cash Flow Estimate:
$792 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$389/month
$332/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,689
$198,553
2025
$48,134
$150,419
$198,553
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,689
$198,553

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$396,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Fort Worth

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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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16004 Farringdon Street | Property Details | No Agent List