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$616,000

NAL Estimated Property Value

1942 Fairmount Ave, Fort Worth, TX, 76110

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths2,613 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$202.83 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Gas Range, Washer

Exterior

Lot Size6,996 sqft

Building Information

Year Built1920
Garage Spaces1

Land Information

APN13520---19---27---20
Lot Number27-28
SubdivisionFairmount Addition
Land UseResidential
Legal DescriptionFAIRMOUNT ADDITION BLOCK 19 LOT 27 & 28
Census Tract104100
Assessed Land Value$154,000
Assessed Improvement Value$384,000
Assessment Year2025

About this property

You start your morning on the front porch, coffee in hand, as the neighborhood comes alive — joggers pass by, neighbors wave, and the scent of fresh bread drifts over from the local bakery. The sunshine filters through those beautiful Fairmount trees, and you can’t help but smile. Inside, light pours through every window, highlighting original character and thoughtful updates. Evenings turn into easy dinners with friends, laughter in the backyard, and weekend walks to Magnolia for brunch or a bike ride to live music downtown. This isn’t just a house — it’s a new rhythm. A slower morning, a fuller evening, a life connected to one of Fort Worth’s most beloved neighborhoods. Step up to the welcoming front porch and into a warm, light-filled living space full of original charm. Gorgeous hardwood floors, period details, and large windows create a cozy-yet-elegant vibe that makes you feel right at home. The updated kitchen is as functional as it is stylish, with granite countertops, a new stainless gas range, newer dishwasher, and plenty of cabinet space. Upstairs, a spacious flex room offers endless possibilities: media room, playroom, guest space, office, or art studio—whatever your life calls for. The primary suite feels like a mini retreat, complete with its own bath and a cozy sitting area. Two additional bedrooms offer versatility for guests or a growing family, and the second bathroom has been beautifully updated with timeless finishes. Step outside onto a large Trex deck perfect for morning coffee or evening wine, all overlooking a lush, fenced backyard ready for kids, pets, or gardening dreams. The long driveway and detached one-car garage provide rare off-street parking and extra storage. Major exterior updates like a new Class 4 impact-resistant roof, a rebuilt front porch, and fresh paint give you peace of mind. Seller to consider a concession for paint or any other updates. Foundation work completed February 2026! Details in Transaction Desk

Investor Tools

Property Icon
$616,000
Estimated Property Value
$250,774Estimated Mortgage Balance
$365,226Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,696 /month
Positive
Cash Flow Estimate:
$1,232 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,026/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,232
$538,000
2025
$154,000
$384,000
$538,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,232
$538,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Eecu
Conventional
$280,000
No
First
Jan 11, 2021
Feb 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$250,774
$365,226
59%
41%
$1,679/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,456/mo
$1,679/mo
$-223/mo
2.8%

Learn About the Market: Opportunity in Fort Worth

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Explore

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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1942 Fairmount Ave | Property Details | No Agent List