7view

Owner Contacts

$594,000

NAL Estimated Property Value

4217 Shannon Dr, Fort Worth, TX, 76116

$657,375 ARV

Off Market

4 Beds

3 Bath

3,200 Sq Ft

$140.63 / sqft

Built in 1957

Property Lead Type:

Off-Market ListARV FlipAbsentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Electric Cooktop, Electric Oven

FlooringCarpet, Ceramic Tile, Parquet

Exterior

Lot Size15,351 sqft

Building Information

Year Built1957

Stories2

Garage Spaces2

Land Information

APN34345-42-15

Lot Number15

SubdivisionRidglea Hills Addition

Land UseResidential

Legal DescriptionRIDGLEA HILLS ADDITION BLOCK 42 LOT 15

Census Tract102402

Assessed Land Value$110,000

Assessed Improvement Value$428,000

Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED. Offer deadline is Tuesday, June 7, 12 noon CST. Incredible opportunity in Ridglea Hills. Large home ready for a new owner's touch. Smart floorplan with welcoming entryway featuring wood parquet flooring that runs through the hallway and into the den. Large formal living and dining room with lovely natural light. Cozy den with fireplace with views of the backyard and open to the kitchen. Primary bedroom down along with 2 secondary bedrooms. Primary bedroom features walk in closet and good sized bathroom. 2nd full bathroom downstairs has neutral colors. Upstairs is a bonus 3rd living room, a 4th bedroom and bathroom with shower. Also upstairs, abundant storage areas. Sprawling back yard. Original bomb shelter out back. Roof 2016, Downstairs HVAC 2012, Upstairs HVAC 2014. Majority of windows have been replaced, approx 10 years old. Short walk to Luther Lake. This property to be sold AS-IS.

Investor Tools

$594,000

Estimated Property Value

$472,890Estimated Mortgage Balance

$121,915Estimated Equity

20% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$657,374

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,564 /month

Positive

Cash Flow Estimate:

$1,188 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,071/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$9,882

$538,000

2025

$110,000

$428,000

$538,000

Tax History

Year

Tax Paid

Assessed Value

2024

$9,882

$538,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Michael Etux

Seller Carryback / Seller Financing / Seller Take-Back

$498,713

First

Jun 15, 2023

Jun 2043

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$472,890

$121,110

20%

80%

$2,991/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,927/mo

$2,991/mo

$-1,064/mo

3.9%

Learn About the Market: Opportunity in Fort Worth

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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.

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