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Fort Worth 76104 Fairmount
1504 Fairmount Avenue
$520,000
● House - Off Market

1504 Fairmount Avenue

Fort Worth, TX 76104
bedrooms
3 Beds
bathrooms
0 Bath
square feet
2,042 Ft²
$2,647
Est. Monthly

About This Property

Front porches, neighbors as friends, strolling to your favorite restaurant, walking the dog. This is what we call The Fairmount Life! And this freshly painted airplane bungalow is ready for its next caretaker. Upon entering the notably adorable front door, you'll be wrapped in the warmth of the hardwood floors & natural light in the main living room, which flows to the dining room & kitchen, with gas range, new dishwasher & more, all the way back to a 2nd living area, perfect for movie or game nights! The 1st floor also offers a primary bedroom with en suite bath & an extra room that's currently used as an office but could easily be a 4th bedroom with a charming full bath right next to it. A FABULOUS laundry room with storage, utility sink, door to the backyard & the stairs up to the other 2 bedrooms & full bath round out the 1st floor. And we haven't even made it outside yet! Paved driveway, electric gate, irrigation, fences, addl windows, landscaping! It's all there + more! Let's go!
Unit Size
2,042 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$264
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1922

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 3 years ago (NTREIS #20565661)

Price History

Date / Event Date Event Price
May 6, 2024 Sold
Premium
Sold
Mar 21, 2024 Listed by TDT Realtors $539,000
Listed by TDT Realtors

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Count: 200
  • 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: 7,000
  • Total Building Area: 2,042
  • Gross Building Area: 2,042
  • Building Area: 2,042
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,042
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LOYDS ADDITION
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A
  • Legal Description 1: LOYDS ADDITION BLOCK 8 LOT 2

Neighborhood

  • School District Name: Fort Worth Independent School District
  • School Tax School District: FORT WORTH
  • Census Tract: 104100

Geography

  • Assessors Map Reference: 76-L
  • Account Number: 01615831
  • District: 026
  • Parcel: 01615831
  • Block: 8
  • Lot: 2
  • Municipality: FORT WORTH
  • Latitude: 32.7281
  • Longitude: -97.3416

    Address

  • Full Address: 1504 Fairmount Ave
  • Address - House Number: 1504
  • Address - Street Name: Fairmount
  • Address - Suffix Type: Ave
  • State: TX
  • City Name: Fort Worth
  • Carrier Code: C018
  • 4-Digit Zip Code: 4234
  • Zip Code: 76104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $566,830
  • Tax Rate Code Area: 905

    Appraisal Valuation

  • Standard Deviation: 0.2202
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 532,601
  • High Value: 649,907
  • Low Value: 415,295

    Market Valuation

  • Market Total Value: $423,920
  • Market Land Value: $154,000
  • Market Improvement Value: $269,920

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $423,920
  • Assessed Land Value: $154,000
  • Assessed Improvements Value: $269,920

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 26, 2016
  • Current Sale Recording Date: Jul 29, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: D216172061
  • Previous Sale Recording Date: Jul 03, 2008
  • Previous Sale Contract Date: Jun 27, 2008
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: 70
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 Fairmount

Stats & Trends

Median Asking:

$515,000

Sale Price/ft²

$268

Below Asking

0.03%

Average Days on Market

73

Average Home Size

1887 ft²

Average Home Age

85.3 years

Currently For Sale

25 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

Unit for rent at 3317 W 5th Street, Fort Worth, TX, 76107

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,564 ft²
3317 W 5th Street, Fort Worth, TX, 76107 Listing by Lisa Randolph
Unit for rent at 2708 Mccart Avenue, TX, 76110

$2,300 /mo

  • 2 Beds
  • 2 Baths
  • 1,045 ft²
2708 Mccart Avenue, TX, 76110 Listing by Samson Mcclane
Unit for rent at 2633 Mccart Avenue, Fort Worth, TX, 76110

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,680 ft²
2633 Mccart Avenue, Fort Worth, TX, 76110 Listing by Tracy Halliday

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Noelle Slater, TDT Realtors
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20565661
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1504 Fairmount Avenue built and last sold?
The property at 1504 Fairmount Avenue was built in 1922 and last sold on Jul 26, 2016 for $305,000.
How much is this home worth?
The estimated value of the home located at 1504 Fairmount Avenue is $0.
What are some comparable homes to 1504 Fairmount Avenue?
There are currently no comparable homes to 1504 Fairmount Avenue.
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