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$691,000

3962 Shannon Dr, Fort Worth, TX, 76116

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,297 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$302.57 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Double Oven, Tankless Water Heater
FlooringTile, Wood

Exterior

Exterior FeaturesFire Pit, Lighting, Private Yard
Lot Size15,390 sqft

Building Information

Year Built1954
Stories1
Garage Spaces2

Land Information

APN34345-34-20
Lot Number20
SubdivisionRidglea Hills Addition
Land UseResidential
Legal DescriptionRIDGLEA HILLS ADDITION BLOCK 34 LOT 20
Census Tract102402
Assessed Land Value$110,000
Assessed Improvement Value$348,597
Assessment Year2025

About this property

Nestled on a quiet tree-lined street in the highly sought after Ridglea Hills neighborhood, this home sits on just over a third of an acre and perfectly blends the charm and character of the 1950s with modern updates. While preserving the original front picture window and red quarry tile front porch, B Smart homes completed this total remodel in 2019 with all new electrical, insulation, tankless water heater, HVAC, windows, refinished wood floors, and plumbing. Approximately 450 square feet were also added to the house, including a second living area and a kitchen expansion complete with KitchenAid appliances, double ovens, and a walk-in pantry. The office nook with built-in desk space and pocket doors as well as the primary suite with a beautifully updated bathroom and large walk-in closet are a couple of more noteworthy features inside the home. The backyard is the icing on the cake that makes this a truly special property. The expansive 350 sq. ft. covered patio extension completed in 2014 is the perfect space for outdoor activities or entertainment, and the massive trees provide a park-like setting that allows for peaceful relaxation. Every part of this home has been intentionally and thoughtfully crafted to achieve its highest and best use. You won’t want to miss your opportunity to see this masterpiece in person.

Investor Tools

Property Icon
$691,000
Estimated Property Value
$324,800Estimated Mortgage Balance
$272,554Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,170 /month
Positive
Cash Flow Estimate:
$1,390 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$977/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,266
$458,597
2025
$110,000
$348,597
$458,597
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,266
$458,597

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Eecu
Commercial
$51,387
No
First
Apr 17, 2023
Apr 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$418,446
$272,554
39%
61%
$2,566/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,385/mo
$2,566/mo
$-181/mo
4.1%

Learn About the Market: Opportunity in Fort Worth

Local Market Pages

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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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3962 Shannon Dr | Property Details | No Agent List