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$95,000

5061 Ridglea Lane 1217, Fort Worth, TX, 76116

$98,493 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,295 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$73.36 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Gas Range, Refrigerator
FlooringCarpet

Land Information

APN-7790C---D--1217
Lot Number1217
SubdivisionColonial Gardens Condominiums
Land UseVacant Land Residential
Legal DescriptionCOLONIAL GARDENS CONDOMINIUMS BLOCK D LOT 1217 & .0246 OF COMMON AREA
Census Tract102401
Assessed Land Value$7,000
Assessment Year2023

About this property

MOVE IN READY CONDO! Beautiful and completely updated in first floor. Open concept living and dining area, fresh neutral colors throughout, updated kitchen with white cabinets, SS gas stove and spacious walk-in pantry. 2 very spacious bedrooms and 2 remodeled bathrooms. Enjoy the morning coffee in the private patio. Fantastic location near shopping & dinning and easy access to Chisolm Trail Pkwy, I20 & I30

Investor Tools

Property Icon
$221,000
Estimated Property Value
$0Estimated Mortgage Balance
$221,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$98,493
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,326 /month
Positive
Cash Flow Estimate:
$442 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$105/month
$283/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$158
$7,000
2023
$7,000
N/A
$7,000
No

Tax History

Year
Tax Paid
Assessed Value
2023
$158
$7,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$221,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Fort Worth

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5061 Ridglea Lane 1217 | Property Details | No Agent List