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$289,000

1311 Forrest Dr, Canton, TX, 75103

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,454 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$198.76 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range, Vented Exhaust Fan
FlooringVinyl

Exterior

Lot Size1.10 acres

Building Information

Year Built1973
Stories1
Garage Spaces2

Land Information

APN014.2730.0009.0006.0000
Lot Number5-6
Land UseResidential
Legal DescriptionACRES: 1.100 BLK: 9 LOT: 5 & 6 ADDN: TOWN & COUNTRY
Census Tract950700
Assessed Land Value$98,870
Assessed Improvement Value$162,430
Assessment Year2025

About this property

Welcome to 1311 Forrest Dr, a completely updated single-story brick home situated on a 1.1-acre lot within Canton ISD. The light-filled interior features continuous vinyl and ceramic tile flooring throughout, offering a functional floor plan with a generous sized living area that connects to the formal dining room. The primary suite includes walk-in closet space and an updated private bathroom. Outside, the expansive lot is shaded by mature trees and provides ample room for outdoor recreation or future shop additions. Additional property details include an attached two car garage, central heating and air conditioning, city water, and city sewer services. Conveniently located near local schools, historic downtown Canton, and the First Monday Trade Days grounds. This property is subject to a 30-day First Look Period set by HUD. During this time, the seller will only consider offers from owner-occupants, public entities, and designated non-profit organizations. Investor offers will be considered starting on 8.27.26.

Investor Tools

Property Icon
$261,300
Estimated Property Value
$195,000Estimated Mortgage Balance
$142,224Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,734 /month
Positive
Cash Flow Estimate:
$578 /month

Interested in this property?

Lauren Taylor

Panther City Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$560/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,416
$261,300
2025
$98,870
$162,430
$261,300
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$5,416
$261,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Urban Financial Group
Reverse Mortgage / Hecm
$195,000
No
First
Jun 9, 2010
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$120,139
$141,161
54%
46%
$1,170/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.

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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: Canton

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1311 Forrest Dr | Property Details | No Agent List