6390 Renwood Dr
Build-ready half acre in south Fort Worth. A 2,100 SF spec here pencils to roughly $80,000 of profit on a $414,000 basis.
18,789 SF lot (0.43 acre) in the Valley Ridge Addition, with a vacant 1,342 SF house from 1957 that is boarded and sold for lot value only. Tarrant County carries the improvement at $2,325. Scrape it and build.
The Build, Run Line By Line
| Land | $105,000 |
| Build, 2,100 SF at $120/SF | $252,000 |
| Demolition of existing structure | $12,000 |
| Permits, utilities, survey, carry | $45,000 |
| Total basis | $414,000 |
| Sale price, per the comps below | $500,000 to $525,000 |
| Less selling costs at 6% | -$31,500 |
| Profit at a $525,000 exit | $79,500 · 19% on cost |
What The Comps Prove
5108 Knight Dr is one mile away in this same zip. 2,402 SF on 0.47 acre, built 2025, sold $525,000 on 11/18/2025 at $219 per SF. That is your location comp.
501 Linda Rd is the size match. 2,177 SF, sold $500,000 on 12/21/2025 at $230 per SF. Almost exactly the build proposed above.
6300 Big Elk Dr is the freshest sale in the area. 4,955 SF on 1.11 acre, sold $1,270,000 on 7/22/2026 at $256 per SF, which shows this market absorbs new construction at the top end too.
Knight and Linda closed five weeks apart and bracket a 2,100 SF build at $500,000 to $525,000. Build to that range. The data does not support overbuilding past about 2,400 SF.
Terms
- $105,000, cash or hard money
- $5,000 earnest money, hard after a 10 day feasibility period
- Close 21 days after feasibility
- Sold as is. Buyer handles demolition. Seller does nothing.
- Access during feasibility for survey, soils and demo bids
Know Before You Bid
- The existing house is boarded and open to weather. Budget demolition, not rehab.
- There is a storage and equipment yard on the parcel immediately west. Drive it before you write.
- At 18,789 SF the lot is roughly three times Fort Worth minimum residential lot area. A replat into two lots is worth investigating, though a single larger build prices better on these comps.
- Parcel: Tarrant CAD 44370-11-6, Valley Ridge Addition Block 11 Lot 6
Buyer to verify condition, square footage, utilities, setbacks, lot of record status and replat potential with the City of Fort Worth. Comp data from Propelio MLS sold records. Not an appraisal. Texas is a non disclosure state.
| Property Type | Single-Family |
| Status | Available |
| Asking Price | $105,000 |
| ARV | $525,000 |
| Year Built | 1957 |
| Location | 6390 Renwood Dr, Fort Worth, TX 76140 |
| Comp Address | Bd | Ba | Sqft | Sold | $/Sqft | Sold Date | Dist |
|---|---|---|---|---|---|---|---|
| 6307 Valley Ridge Dr, Fort Worth TX 0.44 ac, 1965, same subdivision. Sold in 16 days at $237/SF | 3 | 1.0 | 951 | $225,000 | $237 | May 2026 | 0.23 mi |
| 5645 Banks Rd, Fort Worth TX 0.50 ac, 1965. Sold in 10 days at $230/SF | 3 | 2.0 | 1,152 | $265,000 | $230 | Mar 2026 | 1.01 mi |
| 5108 Knight Dr, Fort Worth TX NEW BUILD 2025 on 0.47 ac. $219/SF. Best location comp, same zip. | 4 | 3.0 | 2,402 | $525,000 | $219 | Nov 2025 | 1.02 mi |
| 501 Linda Rd, Kennedale TX NEW BUILD. $230/SF. Closest size match to a 2,100 SF build. | 4 | 2.0 | 2,177 | $500,000 | $230 | Dec 2025 | 3.3 mi |
| 6300 Big Elk Dr, Fort Worth TX NEW BUILD 2026 on 1.11 ac. $256/SF. Freshest sale, shows the top of this market. | 5 | 5.0 | 4,955 | $1,270,000 | $256 | Jul 2026 | nearby |
Fort Worth, TX 76140