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Fort Worth 76106 Far Greater Northside
3200 Lee Avenue
$166,500
● House - Off Market

3200 Lee Avenue

Fort Worth, TX 76106
bedrooms
2 Beds
bathrooms
0 Bath
square feet
1,220 Ft²
$1,025
Est. Monthly
16.06%
Cap Rate

About This Property

Discover a prime investment opportunity with this delightful 2-bedroom, 1-bathroom home, perfectly situated on an oversized corner lot. Boasting a fantastic location, this property offers a myriad of features sure to attract tenants and investors alike.This gem won't stay on the market for long! Seize the opportunity to invest in a property that combines charm, convenience, and exceptional potential. Contact us today to schedule a viewing and secure your next investment.
Unit Size
1,220 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$127
Property Type
House
Property Taxes
$263
HOA Dues
-
Year Built
1951

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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 #20668561)

Price History

Date / Event Date Event Price
Aug 9, 2024 Sold
Premium
Sold
Jul 17, 2024 In contract -
In contract
Jul 8, 2024 Listed by The Vibe Brokerage, LLC $155,000
Listed by The Vibe Brokerage, LLC

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 2
  • Building Style: 0
  • Exterior Walls Type: 2
  • 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: 240
  • Parking Space Count: 1
  • Patio Type: 94
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Total Building Area: 1,220
  • Gross Building Area: 1,220
  • Building Area: 1,220
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,220
  • 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 100 LOT 23 BLK 100 LOTS 23 & 24

Neighborhood

  • School District Name: Fort Worth Independent School District
  • School Tax School District: FORT WORTH
  • Census Tract: 100300

Geography

  • Assessors Map Reference: 62-B
  • Account Number: 00842559
  • District: 026
  • Parcel: 00842559
  • Block: 100
  • Lot: 23,24
  • Municipality: FORT WORTH
  • Latitude: 32.8032
  • Longitude: -97.3571

    Address

  • Full Address: 3200 Lee Ave
  • Address - House Number: 3200
  • Address - Street Name: Lee
  • Address - Suffix Type: Ave
  • State: TX
  • City Name: Fort Worth
  • Carrier Code: C031
  • 4-Digit Zip Code: 5727
  • Zip Code: 76106

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $25,577
  • Tax Rate Code Area: 905

    Appraisal Valuation

  • Standard Deviation: 0.1991
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 272,635
  • High Value: 326,939
  • Low Value: 218,331

    Market Valuation

  • Market Total Value: $184,482
  • Market Land Value: $35,000
  • Market Improvement Value: $149,482

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $184,482
  • Assessed Land Value: $35,000
  • Assessed Improvements Value: $149,482

    Exemptions

  • Senior Citizen Exemption : Yes
  • 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 Far Greater Northside

Stats & Trends

Median Asking:

$260,000

Sale Price/ft²

$191

Below Asking

0.02%

Average Days on Market

69

Average Home Size

1438 ft²

Average Home Age

36.6 years

Currently For Sale

30 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 2817 Clinton Avenue, Fort Worth, TX, 76106

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,260 ft²
2817 Clinton Avenue, Fort Worth, TX, 76106 Listing by Eric Miscoll

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: John Williams, The Vibe Brokerage, LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20668561
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 3200 Lee Avenue built and last sold?
The property at 3200 Lee Avenue 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 3200 Lee Avenue is $161,611.
What are some comparable homes to 3200 Lee Avenue?
There are currently no comparable homes to 3200 Lee Avenue.
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