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$160,477

NAL Estimated Property Value

602 Berke St, Newark, TX, 76071

$168,157 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,619 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$85.86 / sqft
Year BuiltBuilt in 1925

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
AppliancesNone

Exterior

Lot Size38,333 sqft

Building Information

Year Built1925
Stories1
Roof Type158

Land Information

APNR1970.0573.00
Lot Number3-4
SubdivisionNewark Beach Estates
Land UseResidential
Legal DescriptionLOT 3 & 4 BLK 12 NEWARK BEACH ESTATES
Census Tract150603
Assessment Year2025

About this property

This property is to be as-is. There will be no repairs completed. Property has a well & septic & sits outside the city limits. Per the Northwest ISD website, the schools are 7 hills, Chisolm Trails, Northwest High school. Master suite is off of the kitchen where it has a full bath, sitting area, & closet. The other two bedrooms are located on the other side of the home with a bath to share. Property sits on .88 acre. Creek runs at back of the property. The property boasts a sizable backyard, for outdoor activities, gardening, or simply unwinding under the Texas sky. Nearby, find the Newark City Park, a great spot for picnics & outdoor fun. For dining & shopping, the vibrant city of Fort Worth is just a short drive away, offering a plethora of options to explore. If your offer is accepted, you agree to be responsible for an offer submission technology fee of $150.00. The fee will be collected & disbursed by the settlement agent & disbursed at the closing & settlement of the transaction. Financed offers must include: POF & Lender Pre-approval Letter. Cash offers must include POF. Corporate offers must include Corporate Resolution reflecting authorized signer. Buyer(s) to verify Sq Ft. of lot & structure. Property SOLD AS-IS. All offers must be submitted by the Buyer's agent via the RES.NET Agent Portal. To submit your buyer's offer, simply click the link below. If you already have a RES.NET Agent account, you will be prompted to log in. To submit your buyer's offer, simply click the link below. If you already have a RES.NET Agent account, you will be prompted to log in. If not, you will be prompted to create an account. Offers will be reviewed after 7 days on the market. This Property was previously financed by a mortgage loan that was insured by the U.S. Department of Housing and Urban Development (“HUD”) and requires 30-day priority purchase period for Owner-Occupant buyers, Eligible Nonprofit Organizations, & governmental entities.

Investor Tools

Property Icon
$160,477
Estimated Property Value
$0Estimated Mortgage Balance
$160,477Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$168,157
Rent-to-Value Ratio: 0.72%
Rent Estimate
$963 /month
Positive
Cash Flow Estimate:
$321 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$76/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$107
$160,477
2025
N/A
N/A
$235,215
No

Tax History

Year
Tax Paid
Assessed Value
2024
$107
$160,477

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$160,477
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.

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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: Newark

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602 Berke St | Property Details | No Agent List