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7024 Ridge Line Drive

7024 Ridge Line Drive, North Richland Hills, TX 76182
Sold Dec 28, 2021
$31,526,700
$25,221,340 by Orec Structured Finance Co Llc
Mortgage Due Jan 05, 2025
Sold Jan 24, 2007
$260,300
$208,250 by Intrust Mortgage Inc
Mortgage Due Feb 01, 2037
7024 Ridge Line Drive in North Richland Hills, TX was first built in 2006 and is 18 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 7024 Ridge Line Drive has 2,417 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 9,020 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. For those who need parking, there is a garage. The garage is 579 sqft. There are a total of 3 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with brick control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C+. The condition of the building has been evaluated as good. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 7024 Ridge Line Drive sold most recently in Dec 22, 2021 for a total of $31,526,700. If you work out the math, that's approximately a cost of $13,043.73 per sqft. Before that, the property was also sold for $260,300 in Jan 22, 2007. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,035 in taxes each year. 7024 Ridge Line Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $443,665. If we break it down further, the land itself was valued at $80,000. Improvements to the property, however, were assessed at a total of $363,665. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: C+
  • Construction Type: Brick
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 579
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 9,020
  • Total Building Area: 2,417
  • Gross Building Area: 2,417
  • Building Area: 2,417
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,417
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NORTHRIDGE MEADOWS ADDITION
  • Land Acres: 0.207
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NORTHRIDGE MEADOWS ADDITION BLOCK 2 LOT 1

Ownership

  • Current Owner : FLEETWOOD 7913 LLC
  • Previous Owner : 7913 HARWOOD EPIC CAPITAL PARTNERS LLC
  • Owner Before Previous Owner: ALAMO CUSTOM BUILDERS INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Birdville Independent School District
  • School Tax School District: BIRDVILLE
  • Census Tract: 113215

Geography

  • Assessors Map Reference: 38-N
  • Account Number: 40651010
  • District: 018
  • Parcel: 40651010
  • Block: 2
  • Lot: 1
  • Municipality: NORTH RICHLAND HILLS
  • Latitude: 32.8778
  • Longitude: -97.2218

    Address

  • Full Address: 7024 Ridge Line Dr
  • Address - House Number: 7024
  • Address - Street Name: Ridge Line
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: North Richland Hills
  • Carrier Code: R049
  • 4-Digit Zip Code: 7828
  • Zip Code: 76182

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,035
  • Tax Rate Code Area: 902

    Appraisal Valuation

  • Standard Deviation: 0.213
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 70
  • Final Value: 497,802
  • High Value: 603,869
  • Low Value: 391,735

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $25,221,340
  • First Open Lien Mortgage Lender: OREC STRUCTURED FINANCE CO LLC
  • First Open Lien Mortgage Recording Date: Dec 28, 2021
  • First Open Lien Mortgage Loan Amount: $25,221,340
  • First Open Lien Mortgage Term: 36
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jan 05, 2025

    Market Valuation

  • Market Total Value: $443,665
  • Market Land Value: $80,000
  • Market Improvement Value: $363,665

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $443,665
  • Assessed Land Value: $80,000
  • Assessed Improvements Value: $363,665

    Exemptions

  • Veteran Exemption: Yes
  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 22, 2021
  • Current Sale Recording Date: Dec 28, 2021
  • Current Sale Transaction ID: 11876359552
  • Current Sale Price: $31,526,700
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: D221375021
  • Previous Sale Recording Date: Jan 24, 2007
  • Previous Sale Contract Date: Jan 22, 2007
  • Previous Sale Amount: $260,300
  • Previous Sale Document Type: Vendor's Lien

    Last Sale Mortgage

  • First Mortgage Lender: OREC STRUCTURED FINANCE CO LLC
  • First Mortgage Transaction Date: Dec 28, 2021
  • First Mortgage Loan Amount: $25,221,340
  • First Mortgage Terms: 36
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jan 05, 2025

    Previous Mortgages

  • Previous Mortgage Lender: INTRUST MORTGAGE INC
  • Previous Mortgage Transaction Date: Jan 24, 2007
  • Previous Mortgage Loan Amount: $208,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Feb 01, 2037

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Frequently Asked Questions

What neighborhood is 7024 Ridge Line Drive located in?
The 7024 Ridge Line Drive is a located in the neighborhood of Northridge Meadows in Northridge Meadows, North Richland Hills.
What is the average sales price for listings in 7024 Ridge Line Drive?
The average sales price for units in 7024 Ridge Line Drive is $0 currently.

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