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$525,000

NAL Estimated Property Value

3609 Ernest Court, Fort Worth, TX, 76116

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,171 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$138.19 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Plumbed For Ice Maker, Refrigerator
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size6,334 sqft

Building Information

Year Built1993
Stories1
Garage Spaces2

Land Information

APN375-2-20
Lot Number20
SubdivisionAllen Place
Land UseResidential
Legal DescriptionALLEN PLACE BLOCK 2 LOT 20
Census Tract105408
Assessed Land Value$80,000
Assessed Improvement Value$418,504
Assessment Year2025

About this property

Welcome to this opportunity to own a priced to sell 3 bed, 2.5 bath, plus study including built-ins & closet making it an optional 4th bedroom. This 1-story home is located in the Allen Place subdivision within Ridglea Country Club Estates! The Allen Farm once occupied the land of RCCE now known as Allen Place & Mr Allen's personal farmhouse resided on Ernest Ct. This custom home was built in 1993 featuring high ceilings, eat-in kitchen + formal dining, ample built-in storage & more! The private backyard offers plenty of flagstone patio space to enjoy! An excellent opportunity to make this home your own with easy access to the Chisholm Trail!

Investor Tools

Property Icon
$525,000
Estimated Property Value
$198,564Estimated Mortgage Balance
$326,436Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$848/month
$110/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,554
$498,504
2025
$80,000
$418,504
$498,504
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,554
$498,504

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Churchill Mortgage Corp
Conventional
$223,500
No
First
Aug 19, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$198,564
$326,436
62%
38%
$1,340/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,450/mo
+$477/mo
4.4%

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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3609 Ernest Court | Property Details | No Agent List