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Fort Worth 76116 Ridglea Hills
4401 Mike Lane
$610,000
● House - Off Market

4401 Mike Lane

Fort Worth, TX 76116
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
3,390 Ft²
$3,118
Est. Monthly

About This Property

Experience the charm of this one-of-a-kind home with stunning downtown views. The expansive back deck and cozy courtyard off the dining area offer effortless, low-maintenance outdoor living. The primary suite features a see-through fireplace shared with an adjacent study or home office. A second fireplace adds warmth to the spacious living room, with abundant windows providing natural light while maintaining privacy. The lower-level second living area, complete with a full bath, is perfect for a home office, game room, or extra bedroom, accessible via a stylish spiral staircase. Additional highlights include a 3-car attached garage, ample storage beneath the balcony and above the garage, and breathtaking sunrises!
Unit Size
3,390 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$187
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1985

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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: 2 years ago (NTREIS #20738609)

Price History

Date / Event Date Event Price
Dec 23, 2024 Sold
Premium
Sold
Dec 16, 2024 In contract -
In contract
Nov 13, 2024 Relisted $635,000
Relisted
Nov 8, 2024 In contract -
In contract
Oct 21, 2024 Relisted $675,000
Relisted
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 2
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 13
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 407
  • Garage Type: 7
  • Garage Square Area: 868
  • Parking Space Count: 3
  • Patio Type: 79
  • Porch Type: 36
  • Pool Type: 9

    Dimensions

  • Lot Size Square Feet: 7,700
  • Total Building Area: 3,390
  • Gross Building Area: 3,390
  • Building Area: 3,390
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,390
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGEVIEW ADDITION-FORT WORTH
  • Land Acres: 0000000177
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A
  • Legal Description 1: RIDGEVIEW ADDITION-FORT WORTH BLOCK 2 LOT 1

Neighborhood

  • School District Name: Fort Worth Independent School District
  • School Tax School District: FORT WORTH
  • Census Tract: 102402

Geography

  • Assessors Map Reference: 74-Y
  • Account Number: 02390795
  • District: 026
  • Parcel: 02390795
  • Block: 2
  • Lot: 1
  • Municipality: FORT WORTH
  • Latitude: 32.7075
  • Longitude: -97.4238

    Address

  • Full Address: 4401 Mike Ln
  • Address - House Number: 4401
  • Address - Street Name: Mike
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Fort Worth
  • Carrier Code: C038
  • 4-Digit Zip Code: 8110
  • Zip Code: 76116

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $955,008
  • Tax Rate Code Area: 905

    Appraisal Valuation

  • Standard Deviation: 0.2453
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 65
  • Final Value: 744,862
  • High Value: 927,595
  • Low Value: 562,128

    Market Valuation

  • Market Total Value: $531,075
  • Market Land Value: $110,000
  • Market Improvement Value: $421,075

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $531,075
  • Assessed Land Value: $110,000
  • Assessed Improvements Value: $421,075

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 29, 2016
  • Current Sale Recording Date: Oct 04, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: D216233545
  • Previous Sale Recording Date: Apr 04, 2007
  • Previous Sale Contract Date: Apr 02, 2007
  • Previous Sale Amount: $378,300
  • Previous Sale Document Type: 70
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 Ridglea Hills

Stats & Trends

Median Asking:

$465,000

Sale Price/ft²

$234

Below Asking

0.03%

Average Days on Market

59

Average Home Size

2300 ft²

Average Home Age

59.4 years

Currently For Sale

27 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 6404 Malvey Avenue, Fort Worth, TX, 76116

$2,200 /mo

  • 2 Beds
  • 1 Bath
  • 1,022 ft²
6404 Malvey Avenue, Fort Worth, TX, 76116 Listing by Shauna Tucker
Unit for rent at 5516 Helmick Avenue, Fort Worth, TX, 76107

$2,200 /mo

  • 4 Beds
  • 2 Baths
  • 1,780 ft²
5516 Helmick Avenue, Fort Worth, TX, 76107 Listing by HUNT Holdridge
Unit for rent at 5700 Pershing Avenue, Fort Worth, TX, 76107

$2,025 /mo

  • 2 Beds
  • 1 Bath
  • 1,175 ft²
5700 Pershing Avenue, Fort Worth, TX, 76107 Listing by Heather Carlile

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Michael Phillips, Burt Ladner Real Estate LLC
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20738609
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 4401 Mike Lane built and last sold?
The property at 4401 Mike Lane was built in 1985 and last sold on Sep 29, 2016 for $461,300.
How much is this home worth?
The estimated value of the home located at 4401 Mike Lane is $0.
What are some comparable homes to 4401 Mike Lane?
There are currently no comparable homes to 4401 Mike Lane.
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