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$1,438,275

1218 Forest Oak Drive, Altair, TX, 77442

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,959 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$486.07 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
AppliancesDisposal, Electric Oven, Oven, Microwave, Electric Cooktop, Dishwasher, Cooktop
FlooringTile, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size5 acres

Building Information

Year Built1984
Garage Spaces2

Land Information

APN2058301700100
Land UseFarm & Ranch Improved - Rural Residence
Legal DescriptionA-583 G WRIGHT 5.000 AC HOUSES, GARAGE & BLDG
Census Tract750200
Assessed Land Value$69,300
Assessed Improvement Value$500,940
Assessment Year2025

About this property

Set by a canopies of sprawling live oaks in a park-like setting, this exceptional property blends refined country living with outstanding versatility. Beautifully remodeled over the past 5 years, the custom 4BR/2.5BA home features spacious living & dining areas, an updated kitchen with granite countertops & recent appliances, luxury vinyl plank floors, tall ceilings, oversized doors, tons of windows & a slate style metal roof. The primary suite offers a spa inspired wet room & oversized closet, while guest rooms provide comfort & space. A welcoming porte-cochere & attached 2-car garage with storage add convenience. The updated 1,020 SF 2BR/1BA guest apartment is ideal for guests or rental income. The property also includes a large pond, ag-exemption, perimeter & cross fencing, high fenced pen, road frontage on two sides & a metal barn with updated electrical & new metal. Unrestricted as outside of Forest Oaks subdivision, offering endless possibilities. You should hurry on this one!!

Investor Tools

$0Estimated Mortgage Balance
$570,240Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,630 /month
Positive
Cash Flow Estimate:
$2,877 /month

Interested in this property?

Nicola Hammett

Lone Star Luxe Real Estate, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$820/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,991
$570,240
2025
$69,300
$500,940
$570,240
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,991
$570,240

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$570,240
100%
0%
$0/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: Altair

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1218 Forest Oak Drive | Property Details | No Agent List