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Dallas 75216 Cedar Crest
2778 Fordham Road
$209,000
● House - Off Market

2778 Fordham Road

Dallas, TX 75216
bedrooms
3 Beds
bathrooms
0 Bath
square feet
989 Ft²
$1,360
Est. Monthly
15.77%
Cap Rate

About This Property

This recently updated 3 bedroom 2 bath home features new roof, flooring, countertops, and foundation repairs. Located just minutes away from major freeways, stores, and schools, this property offers convenience and comfort in a prime location.
Unit Size
989 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$212
Property Type
House
Property Taxes
$328
HOA Dues
-
Year Built
1949

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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: 3 years ago (NTREIS #20689017)

Price History

Date / Event Date Event Price
Aug 22, 2024 Sold
Premium
Sold
Aug 6, 2024 In contract -
In contract
Jul 30, 2024 Listed by Blue Moon Realty Group LLC $209,900
Listed by Blue Moon Realty Group LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 15
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 220
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,672
  • Lot Size Depth Feet: 1,330
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,209
  • Building Area: 989
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 5
  • Heating: 11
  • Heated Square Feet: 989
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTHGATE 1
  • Land Acres: 0000000153
  • Standard Land Use Code: 1001
  • County Land Use Code: A11
  • State Land Use Code: A11
  • Legal Description 1: SOUTHGATE 1 BLK 2/6081 LOT 20 INT202100160677 DD05252021 CO-DC 6081 002 02000 2006081 002

Neighborhood

  • School District Name: Dallas Independent School District
  • School Tax School District: DALLAS ISD
  • Census Tract: 008703

Zoning

  • Zoning: Z297

Geography

  • Assessors Map Reference: 000005070430000
  • Account Number: 000005070430000
  • Parcel: 00-00050-704-300-0000
  • Block: 2/608
  • Lot: 20
  • Municipality: DALLAS
  • Latitude: 32.7084
  • Longitude: -96.7781

    Address

  • Full Address: 2778 Fordham Rd
  • Address - House Number: 2778
  • Address - Street Name: Fordham
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Dallas
  • Carrier Code: C034
  • 4-Digit Zip Code: 4803
  • Zip Code: 75216

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $237,029
  • Initial Tax Delinquent Year: 2018
  • Tax Rate Code Area: DS

    Appraisal Valuation

  • Standard Deviation: 0.2419
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 66
  • Final Value: 206,154
  • High Value: 256,026
  • Low Value: 156,282

    Market Valuation

  • Market Total Value: $171,720
  • Market Land Value: $65,000
  • Market Improvement Value: $106,720

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $171,720
  • Assessed Land Value: $65,000
  • Assessed Improvements Value: $106,720

    Sales

  • Current Sale Contract Date: May 25, 2021
  • Current Sale Recording Date: Jun 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 202100160677
  • Previous Sale Recording Date: Mar 04, 2015
  • Previous Sale Contract Date: Nov 28, 2014
  • Previous Sale Document Type: 68
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 South Central Dallas

Stats & Trends

Median Asking:

$270,000

Sale Price/ft²

$177

Below Asking

0.03%

Average Days on Market

63

Average Home Size

1671 ft²

Average Home Age

44.5 years

Currently For Sale

397 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 2742 Marjorie Avenue, Dallas, TX, 75216

$3,450 /mo

  • 4 Beds
  • 2 Baths
  • 2,132 ft²
2742 Marjorie Avenue, Dallas, TX, 75216 Listing by Donald Green

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Maria Martinez, Blue Moon Realty Group LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20689017
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2778 Fordham Road built and last sold?
The property at 2778 Fordham Road was built in 1949 and last sold on May 25, 2021 for $130,000.
How much is this home worth?
The estimated value of the home located at 2778 Fordham Road is $210,452.
What are some comparable homes to 2778 Fordham Road?
There are currently no comparable homes to 2778 Fordham Road.
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