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Fort Worth 76117
1216 Wayne Street
$101,000
● House - Off Market

1216 Wayne Street

Fort Worth, TX 76117
bedrooms
2 Beds
bathrooms
1 Bath
square feet
700 Ft²
$614
Est. Monthly

About This Property

Located just 5 minutes from Downtown Fort Worth. With a little work and TLC, this house can be a great home within the expanding revitalization happening in the surrounding neighborhood. Sold AS-IS
Unit Size
700 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$179
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1951

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (NTREIS #21009811)

Price History

Date / Event Date Event Price
Aug 25, 2025 Sold
Premium
Sold
Aug 15, 2025 In contract -
In contract
Aug 14, 2025 Relisted $124,990
Relisted
Jul 25, 2025 In contract -
In contract
Jul 23, 2025 Listed by Texas Realty Source, LLC. $124,990
Listed by Texas Realty Source, LLC.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,750
  • Total Building Area: 700
  • Gross Building Area: 700
  • Building Area: 700
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 700
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EURA SUBDIVISION LOT
  • Land Acres: 0000000201
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A
  • Legal Description 1: EURA SUBDIVISION LOT 5

Neighborhood

  • School District Name: Fort Worth Independent School District
  • School Tax School District: FORT WORTH
  • Census Tract: 101201

Geography

  • Assessors Map Reference: 64-P
  • Account Number: 00876143
  • District: 026
  • Parcel: 00876143
  • Lot: 5
  • Municipality: FORT WORTH
  • Latitude: 32.7789
  • Longitude: -97.2838

    Address

  • Full Address: 1216 Wayne St
  • Address - House Number: 1216
  • Address - Street Name: Wayne
  • Address - Suffix Type: St
  • State: TX
  • City Name: Fort Worth
  • Carrier Code: C001
  • 4-Digit Zip Code: 6246
  • Zip Code: 76117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $80,013
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 905

    Appraisal Valuation

  • Standard Deviation: 0.1716
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 240,005
  • High Value: 281,191
  • Low Value: 198,819

    Market Valuation

  • Market Total Value: $149,960
  • Market Land Value: $43,750
  • Market Improvement Value: $106,210

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $149,960
  • Assessed Land Value: $43,750
  • Assessed Improvements Value: $106,210

    Exemptions

  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Fort Worth

Stats & Trends

Median Asking:

$335,999

Sale Price/ft²

$178

Below Asking

0.02%

Average Days on Market

66

Average Home Size

2106 ft²

Average Home Age

29.8 years

Currently For Sale

3624 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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NTREIS

Listed by: Michael Reed, Texas Realty Source, LLC.
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 21009811
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1216 Wayne Street built and last sold?
The property at 1216 Wayne Street was built in 1951 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1216 Wayne Street is $0.
What are some comparable homes to 1216 Wayne Street?
There are currently no comparable homes to 1216 Wayne Street.
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