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$215,000

1609 Forrest Dr, Wharton, TX, 77488

$278,990 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,744 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$123.28 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
FlooringLaminate

Exterior

Lot Size9,448 sqft

Building Information

Year Built1970
Garage Spaces2

Land Information

APN21020
Lot Number18
SubdivisionOakwood
Land UseResidential
Legal DescriptionOAKWOOD BLOCK 1 LOT 18
Census Tract740600
Assessed Land Value$12,474
Assessed Improvement Value$191,202
Assessment Year2025

About this property

Situated in a quiet country subdivision, this 3 bedroom, 2 bath brick home sits on a spacious 0.8676-acre fully fenced lot with mature shade trees. Built in 1970, the home offers approximately 1,744 square feet of living area and includes a 2-car attached garage, cozy fireplace, laminate flooring throughout, and a kitchen with a convenient breakfast bar and walk in pantry. The property offers a functional layout and plenty of outdoor space to enjoy. While some updating and TLC may be desired, the home presents a great opportunity to personalize and add value. Enjoy the peaceful setting, generous yard space, and country atmosphere this property has to offer.

Investor Tools

$0Estimated Mortgage Balance
$213,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$278,990
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,290 /month
Positive
Cash Flow Estimate:
$430 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$171/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$982
$171,662
2025
$12,474
$191,202
$203,676
No

Tax History

Year
Tax Paid
Assessed Value
2025
$982
$171,662

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$213,000
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: Wharton

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1609 Forrest Dr | Property Details | No Agent List