NOT LISTED FOR SALE

5255 Banks Rd Fort Worth, TX 76140

Estimated Value: $428,000 - $475,362

2 Beds
1 Bath
1,460 Sq Ft
$309/Sq Ft Est. Value

Last Sold March 11, 2024

Current estimated payment $3,030/month

4 Days on Market

Highlights

  • 5.24 Acre Lot
  • Covered Patio or Porch
  • Ceiling Fan
  • Traditional Architecture
  • 1-Story Property
  • High Speed Internet

About This Home

As of March 2024

Move in ready home on 5.24 acres of peaceful flat land. 2 bedrooms, 1 bath, 2 living areas, dining room, laundry room, and front and back porches. This home is now vacant after having a long-term tenant at $800.00 monthly. The mobile home next to it currently has a 12 year renter on a month to month lease at $800 monthly. The owner occupying the home works as well while collecting rent on the other dwelling.
The mobile home is on a non-realty addendum including its specs in supplements. This property is ideal for collecting $1,600 monthly in rental income while building a home or placing a mobile home on the remaining 4.75 acres. No excavation is needed, as this peaceful flat land is ready for your ideas. The heat and AC are provided by sufficient window units.
The refrigerator and stove come with the house.

Last Agent to Sell the Property

Linda Rosen

JPAR Arlington Brokerage Phone: 972-836-9295 License #0655879 Listed on: 02/07/2024

JPAR Arlington

Last Buyer's Agent

Jessica Winchester

Dream City Realty LLC License #0590836

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,833

Year Built

  • Built in 1966

Lot Details

  • 5.24 Acre Lot
  • Few Trees
  • Large Grassy Backyard

Parking

  • Gravel Driveway

Home Design

  • Traditional Architecture
  • Pillar, Post or Pier Foundation
  • Metal Roof

Interior Spaces

  • 1,460 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Laminate Flooring
  • Washer and Gas Dryer Hookup

Kitchen

  • Gas Oven
  • Gas Cooktop

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Covered Patio or Porch

Schools

  • Townley Elementary School
  • Johnson 6Th Grade Middle School
  • Everman High School

Utilities

  • Window Unit Cooling System
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 03843203
  • $6,487 per year unexempt tax

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,833

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Structural Style: Single Detached
  • Unit Levels: One
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Notice Surveillance Devices Pres: None
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Attribution Contact: 972-836-9295
  • Special Features: None

Interior Features

  • Square Footage: 1460.00
  • Windows: Window Coverings
  • Interior Amenities: Cable TV Available, High Speed Internet Available
  • Flooring: Laminate
  • Appliances: Gas Cooktop, Gas Oven
  • Basement YN: No
  • Number Of Dining Areas: 1
  • Number Of Living Areas: 2
  • Other Equipment: Other
  • Room Count: 6

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Pool: No
  • Foundation: Pillar/Post/Pier
  • Fencing: None
  • Roof: Metal
  • Soil Type: Unknown
  • Construction Materials: Wood
  • Waterfront: No
  • Patio And Porch Features: Covered, Front Porch, Rear Porch

Garage/Parking

  • Cooling System: Ceiling Fan(s), Window Unit(s)
  • Parking Features: Gravel
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Heating: Other
  • LaundryFeatures: Gas Dryer Hookup, Washer Hookup
  • Utilities: City Water, Natural Gas Available, Septic

Condo/Co-op/Association

  • Association Type: None

Schools

  • School District: Everman ISD
  • Elementary School: Townley
  • Middle School: Johnson 6th Grade
  • High School: Everman
  • School District: Everman ISD
  • Elementary School: Townley

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 5 to < 10 Acres
  • Lot Features: Acreage, Few Trees, Lrg. Backyard Grass
  • Lot Size Units: Acres
  • Lot Size Area: 5.2400
  • Parcel Number: 03843203
  • Lot Size Acres: 5.2400
  • Lot Size Sq Ft: 228254.4000

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1966

Tax Info

  • Unexempt Taxes: 6487

MLS Schools

  • Middle School Name: Johnson 6th Grade
  • Elementary School Name: Townley
  • High School Name: Everman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2024
Closed on
Mar 11, 2024
Sold by
King Rebecca Louise
Bought by
Bustamante Angel and Bustamante Daysy
Seller's Agent
Linda Rosen
JPAR Arlington
Buyer's Agent
Jessica Winchester
Dream City Realty LLC
List Price
$400,000
Views
153
Current Estimated Value
$451,681

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.71%
Original Mortgage
$320,000
Outstanding Balance
$316,252
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$140,843
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Bustamante Angel -- Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bustamante Angel $320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2024 03/11/24 Sold -- -- --
02/12/2024 02/12/24 Pending -- -- --
02/07/2024 02/07/24 For Sale $400,000 -- $274 / 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 $6,833 $383,124 $230,250 $152,874
2023 $6,487 $388,738 $198,450 $190,288
2022 $5,072 $255,408 $123,080 $132,328
2021 $3,897 $191,000 $123,080 $67,920
2020 $3,936 $191,000 $123,080 $67,920
2019 $4,149 $191,000 $123,080 $67,920
2018 $4,909 $226,000 $184,620 $41,380
2017 $3,499 $156,779 $89,080 $67,699
2016 $3,270 $146,550 $89,080 $57,470
2015 $2,901 $130,000 $89,080 $40,920
2014 $2,901 $130,000 $89,080 $40,920
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2024

    Linda Rosen

    JPAR Arlington

    (262) 302-0978

    2 in this area

    34 Total Sales

    Section Image

  • J

    Buyer's Agent in 2024

    Jessica Winchester

    Dream City Realty LLC

    (817) 602-5879

    4 in this area

    12 Total Sales

    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20516670

North Texas Real Estate Information Systems (NTREIS)

APN: 03843203

Texas Tarrant County Fort Worth 76140

5255 Banks Rd, Fort Worth, TX

This home is located at 5255 Banks Rd, Fort Worth, TX 76140 since 07 February 2024 and is currently estimated at $451,681, approximately $309 per square foot. This property was built in 1966. 5255 Banks Rd is a home located in Tarrant County with nearby schools including John And Polly Townley Elementary School, Dan Powell Intermediate School, and Charles Baxter Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

North Texas Real Estate Information Systems (NTREIS) Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved

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