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$635,000

1615 Fairmount Ave, Fort Worth, TX, 76104

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,972 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$322.01 / sqft
Year BuiltBuilt in 1919

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 2Bathrooms Half 2
Garage AvailableGarage Available
AppliancesElectric Range, Microwave, Refrigerator, Washer
FlooringLaminate

Exterior

Lot Size6,996 sqft

Building Information

Year Built1919
Stories1
Garage Spaces1

Land Information

APN40390-3-5
Lot Number5
SubdivisionStewart Addition
Land UseResidential
Legal DescriptionSTEWART ADDITION BLOCK 3 LOT 5
Census Tract104100
Assessed Land Value$154,000
Assessed Improvement Value$68,375
Assessment Year2025

About this property

Step into timeless charm with this historic American Foursquare home, offering 4 bedrooms and 3 full bathrooms in the heart of Fort Worth’s beloved Fairmount neighborhood. The spacious layout is perfect for everyday living and entertaining, featuring generous living and dining areas plus a cozy eat-in kitchen. A welcoming front porch invites you to slow down and say hello to neighbors, while the primary suite surprises with a large walk-in closet. Out back, you’ll find a private, secluded yard and a detached garage with exciting potential—ideal for rental income with a little TLC, or easily transformed into an art studio, workshop, or home office. Located just steps from Magnolia Avenue’s shops, restaurants, and coffee houses, and minutes from downtown, TCU, and the upcoming Texas A&M campus. Cook Children’s Medical Center is also less than a five-minute drive away and as is one of the largest freestanding pediatric medical centers in the U.S., Cook Children's main campus is in Tarrant County and is registered as a Level II Pediatric Trauma Center. As part of the Fairmount Historic District, exterior changes must follow preservation guidelines, helping protect the character of the neighborhood. This is a rare chance to own a truly special piece of Fort Worth history.

Investor Tools

Property Icon
$629,000
Estimated Property Value
$406,250Estimated Mortgage Balance
$226,291Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,810 /month
Positive
Cash Flow Estimate:
$1,270 /month

Interested in this property?

Omar Montoya

Ultima Real Estate Services

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$420/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,898
$222,375
2025
$154,000
$68,375
$222,375
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,898
$222,375

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Construction Loan Services Llc
Commercial
$406,250
No
First
Nov 26, 2025
Dec 2065

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$402,709
$226,291
35%
64%
$2,436/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,456/mo
$2,436/mo
$-980/mo
2.8%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Fort Worth

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1615 Fairmount Ave | Property Details | No Agent List