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$230,000

NAL Estimated Property Value

2301 Ridgmar Plz Apt 15, Fort Worth, TX, 76116

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,896 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$92.3 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Electric Range, Convection Oven, Refrigerator, Washer
FlooringCeramic Tile, Stone, Wood

Exterior

Private PoolPrivate Pool

Building Information

Year Built1962

Land Information

APN21029C---A---15
Lot Number15
SubdivisionImperial Terrace Condominium
Land UseResidential
Legal DescriptionIMPERIAL TERRACE CONDOMINIUM BLOCK A LOT 15 & .03798 OF COMMON AREA
Census Tract123002
Assessed Land Value$30,000
Assessed Improvement Value$137,130
Assessment Year2025

About this property

Elegance, ease and comfort await at this sophisticated first-floor condo in Ridgmar's Imperial Terrace. Conveniently located central to the community pool and mailboxes, this lovely unit enjoys three separate private patios for potted plants and peaceful relaxation. Hardwood floors throughout. Formal entryway connects to spacious living and dining areas accentuated by a centerpiece marble-surround gas fireplace and mirrored walls. Granite counters and mosaic tile backsplash update a functional galley kitchen. The bedrooms are beyond spacious - with huge closets and private patios each. Master enjoys a large ensuite; both bathrooms with vintage tile and unique storage. Large, functional laundry room with storage. HVAC replaced in the last few years; alarm is pre-wired but has never been activated. Peaceful and quiet Ridgmar location close to many conveniences, shopping, and dining, including Camp Bowie Blvd, Central Market, and just minutes to Fort Worth's Cultural District.

Investor Tools

Property Icon
$230,000
Estimated Property Value
$140,811Estimated Mortgage Balance
$89,189Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,380 /month
Positive
Cash Flow Estimate:
$460 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$408/month
$856/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,750
$167,130
2025
$30,000
$137,130
$167,130
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,750
$167,130

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Conventional
$148,500
No
First
Jul 25, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$140,811
$89,189
38%
61%
$891/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,456/mo
$1,747/mo
$-291/mo
7.6%

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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2301 Ridgmar Plz Apt 15 | Property Details | No Agent List