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$494,000

NAL Estimated Property Value

2002 Lipscomb St, Fort Worth, TX, 76110

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths2,217 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$148.85 / sqft
Year BuiltBuilt in 1925

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Plumbed For Ice Maker, Tankless Water Heater
FlooringCeramic Tile, Wood

Exterior

Lot Size5,584 sqft

Building Information

Year Built1925
Garage Spaces1

Land Information

APN2210-6-2
Lot Number2
SubdivisionBellevue Hill Addition
Land UseResidential
Legal DescriptionBELLEVUE HILL ADDITION BLOCK 6 LOT 2
Census Tract104100
Assessed Land Value$122,892
Assessed Improvement Value$321,108
Assessment Year2025

About this property

Wonderful historic home with wrap around front porch charm in the heart of Fairmount! Pine hardwood floors, 10 ft. ceilings, wide trim & original architectural features greet you. The floorplan offers a living room with wbfp that opens to a spacious dining room with recessed sideboard. Sizable kitchen has ss appli., 5 burner gas stove, granite tile counters, ample cabinet & counter space & a drink refrig. Master has a large step-in shower & jetted tub. Downstairs flex room could be an office. Upstairs is a living area, bedroom & bath. One car garage through gated drive with upstairs shop & storage area. Spacious backyard deck is a perfect space for entertaining. Close to restaurants, shopping, & schools.

Investor Tools

Property Icon
$494,000
Estimated Property Value
$283,318Estimated Mortgage Balance
$210,682Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,964 /month
Positive
Cash Flow Estimate:
$988 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$873/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,007
$444,000
2025
$122,892
$321,108
$444,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,007
$444,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$318,250
No
First
Sep 4, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$283,318
$210,682
42%
57%
$1,909/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,456/mo
$1,909/mo
$-453/mo
3.5%

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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2002 Lipscomb St | Property Details | No Agent List