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B+
NoAgentList RatingHow are grades calculated?Info
Days186Days on Market
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$394,900

1213 Palmetto Drive, Forney, TX, 75126

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,453 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$160.99 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size7,200 sqft

Building Information

Year Built2022
Stories2
Roof Type105
Garage Spaces2

Land Information

APN00.1212.0001.0030.00.02.02
Lot Number30
SubdivisionGateway Parks Add Ph 3
Land UseResidential
Legal DescriptionGATEWAY PARKS ADD PH 3, BLOCK AB, LOT 30
Census Tract050213
Assessed Land Value$100,000
Assessed Improvement Value$271,716
Assessment Year2025

About this property

Stunning Ashton Woods home built in 2022 and meticulously maintained in like-new condition, located in the highly sought-after master-planned community of Gateway Parks in South Forney. Residents enjoy exceptional, resort-style amenities including three pools, a fitness center, community center, and scenic parks. This beautifully designed home features a bright, open-concept layout ideal for both everyday living and entertaining. Upon entry, you’re greeted by a dedicated home office and a convenient half bath for guests. The spacious kitchen seamlessly connects to the living and dining areas and showcases a large quartz island with breakfast bar, farmhouse sink, stainless steel appliances, gas cooktop, vented exhaust fan, electric oven, and built-in microwave. Recessed lighting throughout enhances the home’s modern appeal. The private primary suite is located on the main floor and offers a ceiling fan, oversized walk-in closet, soaking tub, dual vanities, and a large tiled walk-in shower. Upstairs, you’ll find a generously sized game or family room filled with natural light, along with secondary bedrooms—each featuring walk-in closets—and a full bathroom. Step outside to a huge, pool-sized backyard designed for relaxation and entertaining, complete with a covered patio and an additional 14x14 patio with gazebo. Additional highlights include a gas tankless water heater, AT&T Fiber availability, and the added benefit of NO MUD or PID. Refrigerator, washer, dryer, Ring doorbell, Ring security camera (garage), and TV mounts will convey with an acceptable offer.

Investor Tools

$320,166Estimated Mortgage Balance
$70,834Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,369 /month
Positive
Cash Flow Estimate:
$790 /month

Interested in this property?

Sharon Archer

Better Homes & Gardens, Winans

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$865/month
$225/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,427
$371,716
2025
$100,000
$271,716
$371,716
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,427
$371,716

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Velocio Mortgage Llc
Conventional
$344,200
No
First
Sep 20, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$320,166
$70,834
18%
82%
$2,064/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Forney

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1213 Palmetto Drive | Property Details | No Agent List