$579,000
SOLD FEB 28, 2025
Last list price
6 Beds
6 Baths
3,862 Sq Ft
8,407 Sq Ft Lot

Recently Sold

$150 Per Sq Ft

79 Days on Market

Highlights

  • Covered Patio or Porch
  • Multiple cooling system units
  • Ceiling Fan
  • 2 Car Attached Garage
  • Central Heating and Cooling System
  • High Speed Internet

About This Home

As of February 2025

Welcome to an exceptional duplex property at 4005 and 4007 Ridgebrook. A rare opportunity awaits house hackers and investors looking for a smart addition to their portfolio or homebuyers seeking dual-living arrangements in this vibrant neighborhood. This spacious duplex encompasses a total of 3,862 square feet, with each side offering 1,931 square feet of well-appointed living space. Each unit features three generous bedrooms and two and a half bathrooms, making it ideal for families or tenants seeking a comfortable and modern living experience. This property has numerous updates, ensuring it is move-in ready and perfect for contemporary living. Both sides of the duplex have been tastefully refreshed, including new flooring and carpets throughout, freshly painted interiors, updated bathrooms, and newly installed light fixtures. The kitchens gleam with new appliances, offering a sleek and functional space for cooking and entertaining. Designed with investors in mind, this duplex offers a substantial rental income opportunity. The average rental rate for this size home in the neighborhood is $2200. This makes it an appealing option for those looking to maximize their investment in a growing and dynamic market. The strategic design and updates, coupled with the rental potential, make this duplex not just a home but a smart financial move. Located in Arlington, close to the Parks Mall, with its thriving local economy and vibrant community, the property is positioned to attract quality tenants and high demand.

Last Agent to Sell the Property

Lauren Kerschen

ARC Realty DFW Brokerage Phone: 817-609-4115 License #0764797 Listed on: 11/01/2024

Last Buyer's Agent

Sarrah Hooshmand

Monument Realty License #0757621

Monument Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,070

Year Built

  • Built in 1979

Lot Details

  • 8,407 Sq Ft Lot
  • Wood Fence
  • Subdivision Possible

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage
  • Garage Door Opener

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Brick Fireplace

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms

Home Security

  • Security Lights
  • Fire and Smoke Detector

Outdoor Features

  • Covered Patio or Porch

Schools

  • Key Elementary School
  • Gunn Middle School
  • Martin High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units
  • 3,862 Sq Ft Building
  • Meadow Creek Add Subdivision

Listing and Financial Details

  • Legal Lot and Block 30 / 1
  • Assessor Parcel Number 01700685
  • $10,321 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,070

Year Built

Built in 1979

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: Two
  • Security: Fire Alarm, Security Lights, Smoke Detector(s)
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 41409
  • Will Subdivide: Yes
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 147.59192
  • Attribution Contact: 817-609-4115
  • Special Features: None
  • Year Built: 1979

Interior Features

  • Fireplace Features: Brick, Wood Burning
  • Interior Amenities: Cable TV Available, High Speed Internet Available
  • Flooring: Carpet, Vinyl
  • Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
  • Fireplaces: 1

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 6

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: Wood
  • Roof: Composition
  • Construction Materials: Brick, Siding
  • Exterior Features: Covered Patio/Porch
  • Patio And Porch Features: Covered

Garage/Parking

  • Cooling System: Ceiling Fan(s), Central Air, Electric, Multi Units
  • Garage Spaces: 2
  • Total Covered Spaces: 2
  • Number Of Parking Spaces: 4
  • Parking Features: Garage, Garage Door Opener, Garage Faces Rear
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

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

Condo/Co-op/Association

  • Complex Name: Meadow Creek
  • Association Type: None

Schools

  • School District: Arlington ISD
  • Elementary School: Key
  • High School: Martin
  • School District: Arlington ISD
  • Elementary School: Key
  • Junior High School: Gunn

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.1930
  • Parcel Number: 01700685
  • Lot Size Acres: 0.1930
  • Lot Size Sq Ft: 8407.0800

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1979
  • Units Total: 2

Multi Family

  • Gross Annual Expenses: 8991.00
  • Gross Annual Income: 50400.00
  • Insurance Expense: 1474
  • Unit Count: 2

Tax Info

  • Unexempt Taxes: 10321
  • Special Taxing Entities: No
  • TaxBlock: 1
  • Tax Lot: 30

MLS Schools

  • Elementary School Name: Key
  • High School Name: Martin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2024
Sold by
Liu Bo
Bought by
Liu Bo and Li Jin
Current Estimated Value
$514,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$443,868
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$65,640

Purchase Details

Closed on
Feb 24, 2023
Sold by
Mahserjian Sam
Bought by
Liu Bo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$434,250
Interest Rate
6.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2007
Sold by
Beyer Robert and Beyer Sandra
Bought by
Mahserjian Sam and Mahserjian Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,500
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Special Warranty Deed -- Mortgage Connect
Deed -- Alamo Title Company
Vendors Lien -- American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $450,000 New Conventional
Previous Owner $434,250 New Conventional
Previous Owner $169,739 New Conventional
Previous Owner $193,500 Purchase Money Mortgage
Previous Owner $106,300 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Sold -- -- --
01/20/2025 01/20/25 Pending -- -- --
11/12/2024 11/12/24 Price Changed $579,000 -3.3% $150 / Sq Ft
11/01/2024 11/01/24 For Sale $599,000 -- $155 / 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
2024 $9,070 $415,000 $45,000 $370,000
2023 $9,157 $415,000 $45,000 $370,000
2022 $9,337 $375,401 $45,000 $330,401
2021 $7,617 $293,156 $45,000 $248,156
2020 $7,362 $293,156 $45,000 $248,156
2019 $7,616 $293,155 $45,000 $248,155
2018 $6,981 $268,696 $18,000 $250,696
2017 $7,353 $276,279 $18,000 $258,279
2016 $7,058 $265,197 $18,000 $247,197
2015 $4,845 $183,700 $18,000 $165,700
2014 $4,845 $183,700 $18,000 $165,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20768623

North Texas Real Estate Information Systems (NTREIS)

APN: 01700685