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Fort Worth 76164 North Side
2316 Lee Avenue
$160,000
● House - Off Market

2316 Lee Avenue

Fort Worth, TX 76164
bedrooms
2 Beds
bathrooms
0 Bath
square feet
752 Ft²
$161,574
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

MULTIPLE OFFERS, best and final by Friday October 22nd at 5:00. Don't miss out on an incredible opportunity to own a home in the heart of Northside Fort Worth. This home located just 2 min from The Stockyards and 10 minutes from Downtown. It is a perfect long time investment, rental, air BnB or for a first time home buyer looking for a  nice starter home for a great price and in a great location. Featuring 2 bedrooms, 1 bath and a potential apartment project has been started in the detached garage. Bring your vision to life and come see the potential for yourself.
Unit Size
752 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$193
Property Type
House
Property Taxes
$227
HOA Dues
-
Year Built
1959

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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 #14688024)

Price History

Date / Event Date Event Price
Nov 5, 2021 Sold
Premium
Sold
Oct 10, 2021 Listed by Duran & Co. Realty Group, LLC $144,900
Listed by Duran & Co. Realty Group, LLC

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • 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: 4
  • Garage Square Area: 594
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Total Building Area: 752
  • Gross Building Area: 752
  • Building Area: 752
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 752
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELLIS, M G ADDITION
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A
  • Legal Description 1: ELLIS, M G ADDITION BLOCK 5 LOT 16

Neighborhood

  • School District Name: Fort Worth Independent School District
  • School Tax School District: FORT WORTH
  • Census Tract: 100402

Geography

  • Assessors Map Reference: 62-F
  • Account Number: 00826340
  • District: 026
  • Parcel: 00826340
  • Block: 5
  • Lot: 16
  • Municipality: FORT WORTH
  • Latitude: 32.7876
  • Longitude: -97.3551

    Address

  • Full Address: 2316 Lee Ave
  • Address - House Number: 2316
  • Address - Street Name: Lee
  • Address - Suffix Type: Ave
  • State: TX
  • City Name: Fort Worth
  • Carrier Code: C032
  • 4-Digit Zip Code: 8030
  • Zip Code: 76164

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $366,625
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 905

    Appraisal Valuation

  • Standard Deviation: 0.2241
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 69
  • Final Value: 216,987
  • High Value: 265,634
  • Low Value: 168,339

    Market Valuation

  • Market Total Value: $162,025
  • Market Land Value: $35,000
  • Market Improvement Value: $127,025

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $162,025
  • Assessed Land Value: $35,000
  • Assessed Improvements Value: $127,025

    Sales

  • Current Sale Contract Date: Nov 05, 2021
  • Current Sale Recording Date: Nov 09, 2021
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 328903
  • Previous Sale Recording Date: Jun 04, 2021
  • Previous Sale Contract Date: Apr 11, 2021
  • Previous Sale Document Type: 71
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 North Side

Stats & Trends

Median Asking:

$290,000

Sale Price/ft²

$189

Below Asking

0.03%

Average Days on Market

71

Average Home Size

1213 ft²

Average Home Age

84.9 years

Currently For Sale

9 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 2514 Columbus Avenue, Fort Worth, TX, 76164

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,432 ft²
2514 Columbus Avenue, Fort Worth, TX, 76164 Listing by Zachary Edwards

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Lizeth Arellano, Duran & Co. Realty Group, LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14688024
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2316 Lee Avenue built and last sold?
The property at 2316 Lee Avenue was built in 1959 and last sold on Nov 5, 2021 for $0.
How much is this home worth?
The estimated value of the home located at 2316 Lee Avenue is $144,956.
What are some comparable homes to 2316 Lee Avenue?
There are currently no comparable homes to 2316 Lee Avenue.
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