NOT LISTED FOR SALE

320 Ralph St Fort Worth, TX 76108

Estimated Value: $237,149 - $268,000

20 Beds
10 Baths
1,430 Sq Ft
$180/Sq Ft Est. Value

Last Sold May 05, 2023

Current estimated payment $1,847/month

29 Days on Market

Highlights

  • Rear Porch
  • Tile Flooring
  • Central Heating and Cooling System
  • North Elementary School Rated 9+
  • 1-Story Property
  • Wood Fence

About This Home

As of May 2023

This property portfolio consists of five contiguous duplexes in Fort Worth, Texas that were built between 1980 and 1984. All units consist of a two-bedroom, one-bathroom layout that includes a spacious living area, kitchen, and fenced back yard. Electric and water utilities are individually metered and paid for by tenants. These duplexes are located within 1.5 miles of the assembly plant for the Lockheed Martin F-35 fighter jet and are close to many major interstates within the area including I-820, I-30, I-20, I- 35W, and I-35E. Highlights include: Located in the Dallas-Fort Worth metro area - one of the most dynamic economies in the United States, roofs were replaced in 2018, opportunity to increase rents and portfolio performance, located less than 1.5 miles from Lockheed Martin Aeronautics headquarters and the assembly plant for the F-35 Lightning II Joint Strike Fighter, Multiple exit strategies in the future (can sell full portfolio or a portion), and more.

Last Agent to Sell the Property

Jason Reynolds

Visions Realty & Investments License #0643623 Listed on: 03/10/2023

Last Buyer's Agent

Kimberly Meyer

Coldwell Banker Realty License #0517403

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,819

Year Built

  • Built in 1980

Lot Details

  • 8,102 Sq Ft Lot
  • Wood Fence

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Siding

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 10 Full Bathrooms

Parking

  • 40 Parking Spaces
  • Outside Parking

Schools

  • North Elementary School
  • Brewer Middle School
  • Tannahill Middle School
  • Brewer High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • 1-Story Property
  • Rear Porch

Community Details

  • 5 Buildings
  • 10 Units
  • 7,150 Sq Ft Building
  • Sunset Gardens Add Subdivision

Listing and Financial Details

  • Legal Lot and Block 7C / 5
  • Assessor Parcel Number 05726603
  • $13,335 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,819

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: One
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: Yes
  • Municipal Utility District Y N: No
  • Net Operation Income: 68816
  • Notice Surveillance Devices Pres: None
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 157.34266
  • Attribution Contact: 817-288-5510
  • Special Features: None
  • Year Built: 1980

Interior Features

  • Interior Amenities: Other
  • Flooring: Tile, Vinyl
  • Appliances: Dishwasher, Electric Range, Electric Water Heater
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 10
  • Total Bedrooms: 20

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: Wood
  • Roof: Composition
  • Construction Materials: Siding
  • Waterfront: No
  • Patio And Porch Features: Rear Porch

Garage/Parking

  • Cooling System: Central Air, Electric
  • Number Of Parking Spaces: 40
  • Parking Features: Concrete, Outside
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Heating: Central, Electric
  • Utilities: City Sewer, City Water

Condo/Co-op/Association

  • Complex Name: Ralph Street Duplexes
  • Association Type: None

Schools

  • School District: White Settlement ISD
  • Elementary School: North
  • Intermediate School: Tannahill

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.1860
  • Parcel Number: 05726603
  • Lot Size Acres: 0.1860
  • Lot Size Sq Ft: 8102.1600

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1980
  • Units Total: 10

Multi Family

  • Gross Annual Expenses: 28884.00
  • Gross Annual Income: 101700.00
  • Insurance Expense: 4000
  • Tenancy: Month to Month, Other
  • Unit Count: 1

Tax Info

  • Unexempt Taxes: 13335
  • Special Taxing Entities: No
  • TaxBlock: 5
  • Tax Lot: 7C

MLS Schools

  • Middle School Name: Brewer
  • Elementary School Name: North
  • High School Name: Brewer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 6, 2008
Sold by
Day Brian T
Bought by
La Salle Bank Na and Wmalt 2006-04
Current Estimated Value
$258,037

Purchase Details

Closed on
Aug 29, 2005
Sold by
Hayes Todd A
Bought by
Day Brian T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
7.5%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
La Salle Bank Na $180,912 None Available
Day Brian T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Day Brian T $111,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2023 05/05/23 Sold -- -- --
04/08/2023 04/08/23 Pending -- -- --
03/10/2023 03/10/23 For Sale $1,200,000 -- $839 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,819 $217,951 $25,000 $192,951
2024 $5,819 $217,951 $25,000 $192,951
2023 $5,819 $244,748 $25,000 $219,748
2022 $4,193 $154,826 $25,000 $129,826
2021 $2,633 $95,731 $25,000 $70,731
2020 $2,653 $95,731 $25,000 $70,731
2019 $2,771 $96,334 $25,000 $71,334
2018 $2,345 $81,533 $10,000 $71,533
2017 $2,399 $82,096 $10,000 $72,096
2016 $2,435 $83,314 $10,000 $73,314
2015 $2,240 $78,000 $10,000 $68,000
2014 $2,240 $78,000 $10,000 $68,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20277284

North Texas Real Estate Information Systems (NTREIS)

APN: 05726603