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B+
NoAgentList RatingHow are grades calculated? Info
Days102Days on Market
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$335,000

$345,000

1520 Forest Park Dr, Alvarado, TX, 76009

$358,187 ARVInfo
On MarketInfo
Price DropInfo
Beds4 Beds
Baths2 Bath
Baths2,079 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.14 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Lot Size7,200 sqft

Building Information

Year Built2024
Garage Spaces2

Land Information

APN126.2213.07040
Lot Number4
SubdivisionThe Parks Of Alvarado Ph 1
Land UseResidential
Legal DescriptionLOT 4 BLK G THE PARKS OF ALVARADO PH 1
Census Tract130417
Assessed Land Value$60,000
Assessed Improvement Value$279,385
Assessment Year2025

About this property

Welcome to this beautifully designed modern farmhouse style home built by DR Horton just two years ago. Located conveniently south between Dallas and Fort Worth, this property offers the perfect blend of modern comfort and classic charm. This spacious home features 4 bedrooms and 2 bathrooms with an open concept layout. The oversized living area flows seamlessly into the kitchen and dining space making it perfect for entertaining family and friends. The kitchen is a standout with quartz countertops, modern cabinetry, and plenty of workspace for cooking and gathering. Both bathrooms also feature stylish quartz countertops that add a clean and upscale touch throughout the home. Durable tile flooring runs through the main living areas for easy maintenance while the bedrooms offer comfortable carpet for a cozy retreat. The farmhouse design continues inside and out with neutral tones, modern finishes, and timeless curb appeal. Step outside to enjoy the covered back porch, a great place to relax, grill, or enjoy quiet evenings in the backyard. This nearly new home offers the benefits of modern construction, energy efficiency, and thoughtful design in a convenient location close to both Dallas and Fort Worth. Even better, this home qualifies for a USDA zero down payment loan, making homeownership more accessible for qualified buyers. If you are looking for a newer home with farmhouse style, open living space, and an excellent location in the DFW area, this one is a must see. THIS HOME HAS A QUALIFYING ASSUMABLE MORTGAGE WITH A 5.3% FIXED RATE!

Investor Tools

Property Icon
$342,000
Estimated Property Value
$341,686Estimated Mortgage Balance
$13,126Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$358,187
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,052 /month
Positive
Cash Flow Estimate:
$684 /month

Interested in this property?

Robin Lehew

Real Broker, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$245/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,226
$339,385
2025
$60,000
$279,385
$339,385
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,226
$339,385

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dhi Mortgage Company Ltd
Fha
$341,686
Yes
First
Jun 21, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$329,407
$21,593
6%
96%
$2,049/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$2,549/mo
$-622/mo
6.8%

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: Alvarado

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1520 Forest Park Dr | Property Details | No Agent List