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Denton 76205
3500 Fort Worth Drive
$3,350,000
● Land - Off Market

3500 Fort Worth Drive

Denton, TX 76205
bedrooms
Studio
bathrooms
0 Bath
$3,387,352
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Rare opportunity to own large acreage in the City of Denton that overlooks and is adjacent to Hickory Creek from this Magnificent hill that has been in this family for many years.  Beautiful large oak trees scattered throughout property. Large home is a tear down. 6 Stall 40 ft X 50 ft Wood Horse Barn and Large Workshop 100' X 35' with 4 roll up doors and 2 walk in doors.   All value is placed in land.  Zoned R-2 requires 16,000 sf lots. Needs new Survey SELLS AS IS with no warranties.
Unit Size
-
Days on Market
-
Land Size
60.99 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1990

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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 #14745564)

Price History

Date / Event Date Event Price
Oct 19, 2023 Sold
Premium
Sold
Jan 28, 2022 Listed by Sarah Boyd & Co $3,400,000
Listed by Sarah Boyd & Co

Property Highlights

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 3
  • Bedroom Count: 0
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,054,152
  • Total Building Area: 1,008
  • Gross Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: R

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: WM ROARK
  • Land Acres: 0000024200
  • Standard Land Use Code: 2000
  • County Land Use Code: E1
  • State Land Use Code: E1
  • Mobile Home Indicator: T
  • Legal Description 1: A1087A WM ROARK, TR 7, 24.2 ACRES

Neighborhood

  • School District Name: Denton Independent School District
  • Census Tract: 020800

Geography

  • Assessors Map Reference: 525-V
  • Subdivision Tract Number: 7,24
  • Parcel: R39293
  • Municipality: CITY OF DENTON
  • Latitude: 33.1724
  • Longitude: -97.1526

    Address

  • Full Address: 3500 Fort Worth Dr
  • Address - House Number: 3500
  • Address - Street Name: Fort Worth
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Denton
  • Carrier Code: C058
  • 4-Digit Zip Code: 8602
  • Zip Code: 76205

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $70,037
  • Tax Rate Code Area: S05

    Market Valuation

  • Market Total Value: $371,848
  • Market Land Value: $364,912
  • Market Improvement Value: $6,936

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,681
  • Assessed Land Value: $31,068
  • Assessed Improvements Value: $6,936

    Exemptions

  • Veteran Exemption: Yes
  • Widow 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 Denton

Stats & Trends

Median Asking:

$385,000

Sale Price/ft²

$194

Below Asking

0.03%

Average Days on Market

76

Average Home Size

2298 ft²

Average Home Age

20.2 years

Currently For Sale

652 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

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NTREIS

Listed by: Deborah Boyd, Sarah Boyd & Co
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14745564
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 3500 Ft Worth Drive built and last sold?
The property at 3500 Ft Worth Drive was built in 1990 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3500 Ft Worth Drive is $0.
What are some comparable homes to 3500 Ft Worth Drive?
There are currently no comparable homes to 3500 Ft Worth Drive.
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