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$1,389,000

NAL Estimated Property Value

6217 Locke Ave, Fort Worth, TX, 76116

Off MarketInfo
Beds5 Beds
Baths5 Bath
Baths2,503 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$239.71 / sqft
Year BuiltBuilt in 1939

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Double Oven
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size12,367 sqft

Building Information

Year Built1939
Stories2
Garage Spaces2

Land Information

APN34315-10-15-30
Lot Number15-W15
SubdivisionRidglea Addition
Land UseResidential
Legal DescriptionRIDGLEA ADDITION BLOCK 10 LOT 15 & W15' LOT 16
Census Tract102401
Assessed Land Value$185,505
Assessed Improvement Value$356,495
Assessment Year2025

About this property

Brimming with vintage charm, this 4-bedroom, 2-bathroom North Ridglea home offers a storybook facade and sits on a spacious 0.28-acre lot on one of the neighborhood’s most desirable blocks. Inside, original hardwood floors, built-in cabinets, a rare his-and-hers vanity, abundant natural light, and charming mini shutters throughout highlight the timeless 1960s architecture. A large staircase with a landing overlooks the front lawn, creating a dramatic and welcoming entry. While the home needs some love, it offers a wonderful opportunity to restore or reimagine a classic Fort Worth property in a highly sought-after location.

Investor Tools

Property Icon
$1,389,000
Estimated Property Value
$405,853Estimated Mortgage Balance
$983,147Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,334 /month
Positive
Cash Flow Estimate:
$2,778 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$833/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,054
$542,000
2025
$185,505
$356,495
$542,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,054
$542,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$412,500
No
First
Jun 20, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$405,853
$983,147
70%
29%
$2,474/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$2,474/mo
$-547/mo
1.7%

Learn About the Market: Opportunity in Fort Worth

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Explore

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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6217 Locke Ave | Property Details | No Agent List