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Tarrant 76126
7909 Modena Drive
$145,000
● Land - Off Market

7909 Modena Drive

Fort Worth, TX 76126
bedrooms
Studio
bathrooms
0 Bath
$189,252
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

MULTIPLE OFFERS HAVE BEEN RECEIVED, SELLER IS ASKING FOR HIGHEST AND BEST BY SAT. JULY 11 AT 5PM. This is one of the FEW remaining lots in BF with views unmatched and sunsets unlimited! Bring your own builder, no timeframe to build & no city taxes.  Water well and septic community.
Unit Size
-
Days on Market
-
Land Size
1.07 acres
Price per sqft
-
Property Type
Land
Property Taxes
$225
HOA Dues
$188
Year Built
2022

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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 #14386958)

Price History

Date / Event Date Event Price
Sep 2, 2020 Sold
Premium
Sold
Jul 13, 2020 Listed by JP and Associates Fort Worth $140,000
Listed by JP and Associates Fort Worth

Property Highlights

Building Info

Overview

    General

  • Year Built: 2022
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • 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 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: 46,609
  • Total Building Area: 4,951
  • Gross Building Area: 4,951
  • Building Area: 4,951
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 4,951
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BELLA FLORA
  • Land Acres: 0000001070
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A
  • Legal Description 1: BELLA FLORA BLOCK 7 LOT 14

Neighborhood

  • School District Name: Aledo Independent School District
  • School Tax School District: ALEDO
  • Census Tract: 110808

Geography

  • Assessors Map Reference: MAP 1982-352
  • Account Number: 41682718
  • District: 000
  • Parcel: 41682718
  • Block: 7
  • Lot: 14
  • Municipality: TARRANT COUNTY
  • Latitude: 32.6365
  • Longitude: -97.5412

    Address

  • Full Address: 7909 Modena Dr
  • Address - House Number: 7909
  • Address - Street Name: Modena
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Fort Worth
  • Carrier Code: R135
  • 4-Digit Zip Code: 6145
  • Zip Code: 76126

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $960,336
  • Tax Rate Code Area: 921

    Appraisal Valuation

  • Standard Deviation: 0.1991
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 822,679
  • High Value: 986,542
  • Low Value: 658,816

    Market Valuation

  • Market Total Value: $538,909
  • Market Land Value: $80,000
  • Market Improvement Value: $458,909

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $538,909
  • Assessed Land Value: $80,000
  • Assessed Improvements Value: $458,909

    Sales

  • Current Sale Contract Date: Aug 28, 2020
  • Current Sale Recording Date: Sep 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: D220242113
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 Tarrant

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$185

Below Asking

0.02%

Average Days on Market

63

Average Home Size

2297 ft²

Average Home Age

30.1 years

Currently For Sale

6510 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 5612 Summit Creek Road, Fort Worth, TX, 76126

$2,900 /mo

  • 4 Beds
  • 3 Baths
  • 2,193 ft²
5612 Summit Creek Road, Fort Worth, TX, 76126 Listing by Joleen Skipworth
Unit for rent at 5665 Castle Peak Bend, Fort Worth, TX, 76126

$3,695 /mo

  • 5 Beds
  • 3 Baths
  • 3,060 ft²
5665 Castle Peak Bend, Fort Worth, TX, 76126 Listing by Kelly Christenson

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Vivian Tejeda, JP and Associates Fort Worth
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14386958
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 7909 Modena Drive built and last sold?
The property at 7909 Modena Drive was built in 2022 and last sold on Aug 28, 2020 for $135,900.
How much is this home worth?
The estimated value of the home located at 7909 Modena Drive is $0.
What are some comparable homes to 7909 Modena Drive?
There are currently no comparable homes to 7909 Modena Drive.
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