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$374,000

1522 Newcastle Ln, Forney, TX, 75126

$397,064 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,457 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$152.22 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Gas Oven, Gas Range, Microwave
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size5,014 sqft

Building Information

Year Built2024
Stories2
Roof Type105
Garage Spaces2

Land Information

APN00.0205.0001.0063.00.02.02
Lot Number63
SubdivisionBellagio Addition Ph 1
Land UseResidential Inventory W/ Improvement Value
Legal DescriptionBELLAGIO ADDITION PH 1, BLOCK A, LOT 63
Census Tract050215
Assessed Land Value$100,000
Assessed Improvement Value$122,795
Assessment Year2025

About this property

** 2.99% FIXED RATE for a 30-Year Mortgage (3.75% APR) on Select Homes for a Limited Time Only, Plus $5,000 in Closing Costs Through the End of the Month When Using MCI Mortgage ** Brand New Construction by Megatel Homes! Experience lagoon living in Forney ISD at Bellagio, a vibrant master planned community featuring highly rated schools, scenic parks, and a welcoming small-town atmosphere rich in history as the Antique Capital of Texas. Enjoy resort-style amenities including a lagoon, fitness and wellness spaces, a full-service restaurant and bar, plus entertainment and relaxation for all ages. Move-in ready and never occupied! Megatel Homes Aurora plan is a 2-story, 2,457 square foot home featuring 4 spacious bedrooms, 2.5 bathrooms, a game room, a covered patio, and a 2-car garage. This home blends style and function with an open-concept layout that connects the kitchen and living areas, making it easy to enjoy daily life or host guests. The main-level primary suite offers comfort and privacy, complete with a roomy walk-in closet and a private ensuite bath. Situated on a 40 ft lot, this home is available with elevation A, showcasing a distinct and stylish exterior design.

Investor Tools

Property Icon
$354,000
Estimated Property Value
$223,100Estimated Mortgage Balance
$136,173Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$397,064
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,244 /month
Positive
Cash Flow Estimate:
$748 /month

Interested in this property?

Jagjit Singh

Jagjit Singh

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$419/month
$1,590/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$222,795
2025
$100,000
$122,795
$222,795
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$222,795

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mci Preferred Income Fund Vi Llc
Stand Alone Second / Subordinate Position
$223,100
No
First
Feb 14, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$217,827
$137,173
38%
62%
$1,338/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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1522 Newcastle Ln | Property Details | No Agent List