853 Springbrook Drive
About This Property
An exceptional opportunity to build your dream home on a spacious corner lot in the highly desirable Crestwood neighborhood. This generous 0.27-acre lot offers an unrivaled setting to create a home that perfectly reflects your vision. Located on a serene street just a short walk from the Trinity River Trail, this prime parcel is minutes from Dickie's Arena, the Museum District, Downtown Fort Worth, and the Historic Stockyards. Seize the chance to make your mark in one of Crestwood's most coveted locations.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 17, 2024 | Listed by Charitable Realty | $350,000 | |
| Listed by Charitable Realty | |||
| Oct 18, 2023 | Sold | ||
| Sold | |||
| Aug 21, 2023 | Listed by Williams Trew Real Estate | $350,000 | |
| Listed by Williams Trew Real Estate | |||
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853 Springbrook Drive - An extraordinary opportunity to bring your dream home to life on this expansive lot nestled within the highly sought after Crestwood neighborhood. This corner lot presents an unparalleled canvas for creating a home that truly captures your vision. Sitting on a peaceful street within walking distance to Trinity River trail, this 0.27 acre lot is minutes from Dickie’s Arena, the Museum District, Downtown Fort Worth, and the Historic Stockyards. Don't miss the opportunity to stake your claim in Crestwood's finest offering.
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| Sep 9, 2022 | Sold | ||
| Sold | |||
| Jun 13, 2022 | Listed by Citiwide Alliance Realty | $324,900 | |
| Listed by Citiwide Alliance Realty | |||
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Incredible Opportunity to build on one of the larger lots in Crestwood (12,023 square foot lot that is currently vacant), which also happens to be a corner lot. Located in close proximity to all that west 7th offers, as well as very near to premier country clubs. Survey in TransactionDesk.
The Listing Agent is also the owner.
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About Crestwood
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Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20799398
Details provided by NTREIS and may not match the public record
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