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7940 West Freeway

7940 West Freeway, Fort Worth, TX 76108
7940 West Freeway in Fort Worth, TX was first built in 1978 and is 46 years old. This has been categorized as a commercial property type. It is a single story home. 7940 West Freeway has 3,084 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 46,330 square feet.

Learn more about the property and building on this page. The home has a flat style roof made of asphalt and ply sheets in a built-up roof style. For those who need parking, there is a carport. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. As for heating, the home is utilizing gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 7940 West Freeway sold most recently in Apr 23, 2015 for a total of $187,500. If you work out the math, that's approximately a cost of $60.80 per sqft. Before that, the property was also sold for $292,500 in Jul 27, 2011. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $4,676 in taxes each year. 7940 West Freeway was most recently assessed in 2020. During this assessment, the property's total value was estimated to be about $340,000. If we break it down further, the land itself was valued at $185,328. Improvements to the property, however, were assessed at a total of $154,672. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: D
  • Roof Shape Type: Flat
  • Roof Cover Type: Built-up
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 46,330
  • Total Building Area: 3,084
  • Gross Building Area: 3,084
  • Building Area: 3,084
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,084
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: WESTERN HILLS PARK ADDITION
  • Land Acres: 1.064
  • Standard Land Use Code: Auto repair, auto parts, garage
  • Legal Description 1: WESTERN HILLS PARK ADDITION SITE 20B

Ownership

  • Current Owner : RIT VENTURES INC
  • Previous Owner : WALLACE ROBERT JOE
  • Previous Owner 2: WALLACE PATRICIA JEAN
  • Owner Before Previous Owner: WALLACE ROBERT JOE
  • Owner Before Previous Owner 2: WALLACE PATRICIA JEAN
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: White Settlement Independent School District
  • School Tax School District: WHITE SETTLEMNT
  • Census Tract: 110704

Geography

  • Assessors Map Reference: MAP 2012-388
  • Account Number: 03436071
  • District: 030
  • Parcel: 46090--20B-B
  • Municipality: WHITE SETTLEMENT
  • Latitude: 32.7389
  • Longitude: -97.453

    Address

  • Full Address: 7940 West Fwy
  • Address - House Number: 7940
  • Address - Street Name: West
  • Address - Suffix Type: Fwy
  • State: TX
  • City Name: Fort Worth
  • Carrier Code: C009
  • 4-Digit Zip Code: 3521
  • Zip Code: 76108

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $4,676
  • Tax Rate Code Area: 224,225

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $234,000
  • First Open Lien Mortgage Lender: FIRST BANK OF AZLE
  • First Open Lien Mortgage Recording Date: Aug 18, 2006
  • First Open Lien Mortgage Loan Amount: $234,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $185,328
  • Market Improvement Value: $154,672

    Assessments Valuation

  • Assessed Year: 2020
  • Assessed Total Value: $340,000
  • Assessed Land Value: $185,328
  • Assessed Improvements Value: $154,672

    Sales

  • Current Sale Contract Date: Apr 23, 2015
  • Current Sale Recording Date: May 08, 2015
  • Current Sale Transaction ID: 1220333168
  • Current Sale Price: $187,500
  • Current Sale Document Type: Correction Deed
  • Current Sale Input Document Number: D215095757
  • Previous Sale Recording Date: Aug 02, 2011
  • Previous Sale Contract Date: Jul 27, 2011
  • Previous Sale Amount: $292,500
  • Previous Sale Document Type: Correction Deed

    Last Sale Mortgage

  • First Mortgage Lender: NATIONAL BANK
  • First Mortgage Transaction Date: May 08, 2015
  • First Mortgage Loan Amount: $150,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: FIRST BANK OF AZLE
  • Previous Mortgage Transaction Date: Aug 02, 2011
  • Previous Mortgage Loan Amount: $234,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Western Hills Park



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Frequently Asked Questions

What neighborhood is 7940 West Freeway located in?
The 7940 West Freeway is a located in the neighborhood of Western Hills Park in Western Hills Park, Fort Worth.
What is the average sales price for listings in 7940 West Freeway?
The average sales price for units in 7940 West Freeway is $0 currently.

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