$468,000
●
House -
Off Market
1600 Lipscomb Street
Fort Worth, TX 76104
3 Beds
1 Bath,
1
Half Bath
2,198 Ft²
$675,621
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model
About This Property
Located just a few blocks from Magnolia, this Fairmount four square
built in 2007 looks like a magazine ad for gorgeous homes. Light
bright and well laid out, this home has hardwood floors in the
living room open to kitchen with white cabinets and huge island.
Stunning formal dining, spacious utility room and a powder bath
complete the downstairs. Upstairs has hardwood floors, large master
suite, and 2 bedrooms connected by a Jack and Jill bathroom.
There is a small room perfect for an office tucked away on
one side of the open upstairs landing, which also is large enough
for a play area. The upstairs "cherry on top" is the private
covered balcony. Detached 2 car garage has a ton of storage.
Must see!
Unit Size
2,198 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$213
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2007
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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 #14216650)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 27, 2023 | Sold | ||
| Sold | |||
| Nov 9, 2022 | Listed by Compass RE Texas, LLC | $599,000 | |
| Listed by Compass RE Texas, LLC | |||
| | |||
|
Handsome Fairmount craftsman home, built in 2007 is a show stopper! The custom fencing in front provides an architectural feel as well as privacy. Natural light floods this well appointed home complete with 10 ft ceilings, hardwood floors opening into an inviting living room w FP that flows into the kitchen with plenty of cabinets & a huge island. Stunning formal dining with custom chandelier, spacious separate utility room and a half bath complete the downstairs. Hardwoods continue up the stairs to a large master suite with a dreamy master bath and 2 additional bedrooms connected by a Jack and Jill bath. There is a small windowed room perfect for an office tucked away on one side of the open upstairs landing, which also is large enough for a play area. The upstairs private covered balcony is the perfect place to watch a sunset. Detached 2 car garage has a ton of storage. Backyard has been thoughtfully regraded and beautifully landscaped and is surrounded by a custom 8 ft fence.
| |||
| Feb 7, 2020 | Sold | ||
| Sold | |||
| Oct 28, 2019 | Listed by Burt Ladner Real Estate LLC | $468,000 | |
| Listed by Burt Ladner Real Estate LLC | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Fairmount
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Listed by: Lori Gallagher, Burt Ladner Real Estate LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14216650
Details provided by NTREIS and may not match the public record
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14216650
Details provided by NTREIS and may not match the public record
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