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$928,000

NAL Estimated Property Value

6224 Locke Ave, Fort Worth, TX, 76116

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,343 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$265.93 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Cooktop, Double Oven, Vented Exhaust Fan
FlooringCarpet, Wood

Exterior

Lot Size11,944 sqft

Building Information

Year Built2006
Stories2
Garage Spaces2

Land Information

APN34315-7-6
Lot Number6
SubdivisionRidglea Addition
Land UseResidential
Legal DescriptionRIDGLEA ADDITION BLOCK 7 LOT 6
Census Tract102401
Assessed Land Value$179,220
Assessed Improvement Value$653,542
Assessment Year2025

About this property

Stunning traditional custom-built home in the heart of Ridglea North has high quality details throughout. From the formal dining room for 12 which opens to the formal living room with it’s vaulted ceiling and hand carved beams, built-in wood burning fireplace to the stunning entrance foyer with 15 ft high ceiling, hardwood floors and other classic features abound. The handsome study offers built in cabinets with access to a full bath making a convenient guest room. Primary bedroom features gorgeous view of tranquil backyard with large walk-in closet and grand master bath. The gourmet kitchen island boasts custom cabinetry, 5 burner gas cooktop, double ovens, built-in refrigerator and a prep sink. Enjoy time with family as the kitchen opens to the breakfast room and den with a second fireplace. The upstairs features an additional bedroom with ensuite bath and a large walk-in attic space for storage or further buildout.

Investor Tools

Property Icon
$928,000
Estimated Property Value
$0Estimated Mortgage Balance
$928,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,568 /month
Positive
Cash Flow Estimate:
$1,856 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,224/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$22,046
$832,762
2025
$179,220
$653,542
$832,762
No

Tax History

Year
Tax Paid
Assessed Value
2024
$22,046
$832,762

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$928,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
N/A
+$1,927/mo
2.5%

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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6224 Locke Ave | Property Details | No Agent List