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$389,000

6962 Pinon St, Fort Worth, TX, 76116

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,189 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$182.69 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesPrivate Yard
Lot Size9,439 sqft

Building Information

Year Built1961
Stories1
Garage Spaces2

Land Information

APN34345-65-17
Lot Number17
SubdivisionRidglea Hills Addition
Land UseResidential
Legal DescriptionRIDGLEA HILLS ADDITION BLOCK 65 LOT 17
Census Tract102402
Assessed Land Value$50,000
Assessed Improvement Value$245,000
Assessment Year2025

About this property

Incredibly well maintained 2nd owner home sitting on a great block in the heart of Ridglea Hills! The large addition completed in the 90's is so well done, you'd be hard pressed to know it was an add on! Famous Thurber brick was used on the entire home. With 2 living areas and 2 dining rooms, you will find room for everybody. This is a great floorpan that is open enough in the living areas, but offers privacy for the bedrooms. The 4th bedroom is currently setup as an office but could easily be used as a bedroom. Primary suite has a walk in closet and large bathroom that was completely redone in the last few months. Hall bath was professionally redone in '21. Most of the interior walls have a fresh coat of paint. You will find lots of cabinet space and storage in this 1960's ranch style home. Garage has extra storage, and the large utility room gives you plenty of space to work. Great location and desirable schools!

Investor Tools

Property Icon
$389,000
Estimated Property Value
$395,000Estimated Mortgage Balance
$2,314Estimated Equity
-2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,399 /month
Positive
Cash Flow Estimate:
$800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$244/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$985
$295,000
2025
$50,000
$245,000
$295,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$985
$295,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Horizon Bank
Conventional
$395,000
No
First
May 31, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$386,686
$2,314
0%
99%
$2,628/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$2,628/mo
$-701/mo
5.9%

Learn About the Market: Opportunity in Fort Worth

Local Market Pages

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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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6962 Pinon St | Property Details | No Agent List