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$975,000

20762 Fm 740, Forney, TX, 75126

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,069 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$471.24 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting, Private Entrance, Storage, Other
Lot Size5.26 acres

Building Information

Year Built2001
Stories1
Garage Spaces5

Land Information

APN0053-0000-0045-00-0R
SubdivisionJ Cantor
Land UseAgriculture / Farming
Legal DescriptionABS A0053, J CANTOR, TRACT 45, PART OF 11.8 AC TR) (REMAINING 6.539 AC IN KAUFMAN COUNTY),5.261 ACRES
Census Tract040508
Assessed Land Value$33,386
Assessed Improvement Value$236,969
Assessment Year2025

About this property

11.79 ACRES OFF of FM740! Amazing Location! Per seller -Address says Forney but the Home & Bldgs sit in Rockwall County Appraisal District. Part of front pasture in Kaufman County. Located outside City Limits. Zoned Rockwall ISD Schools! Rare Opportunity to Build your own dream home or Live as built. Farm, fish or just enjoy sunsets. 325 Ft of Frontage. 2 Homes under one roof, Garages, Pool, Large Pond, 80 Ft Metal Warehouse, 30 FT Game-room. The Multi-generational home(s) have separate entrances-set-back 900 ft from the Old FM 740 (a private side street of the FM 740). Both homes are reported by assessor as combined square footage. The Main home includes 1 Bed, Office (often used as 2nd Bed),1 Bath, Large walk-in closets, Living, Dining & Kitchen. The Attached efficiency home includes Living, Kitchen, Dining, Bedroom, large walk-in closet & full bath. 2-car attached garage and Another 2-detached car garage with covered patio at pool area is a walkway away! 2013 Gunite pool includes decking & patio. Large RED IRON METAL Multi-Purpose Storage Building is 80FTX30FtX 14 Ft tall, 3 overhead doors, concrete floor & several skylights for natural lighting. Bldg has an Attached 40ft X 20ft Game room with Kitchenette & Full Shower Bath! The Metal building is perfect for auto storage, farm equipment or your choice. The Stocked Pond is to the back 980 feet of the property. AG EXEMPTION is in place. Amenities include Aerobic system, sprinkler watering around the main home & pool area, 2022 Composition roof, electronic gated entry & fenced border line. Electrical & Plumbing located at front gate, residences, garages, pool, metal storage building & the attached Game-room. The Property lies within both Rockwall & Kaufman Counties- WIth Majority in Rockwall County. Choice of Amy Parks or Linda Lyons Elementary Rockwall ISD. Centrally located to both Hwy 80 & Hwy 30; Rockwall and Forney shopping & dining areas, Minutes to Heath Yacht club. Full survey was completed July 2024.

Investor Tools

Property Icon
$270,355
Estimated Property Value
$0Estimated Mortgage Balance
$270,355Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,850 /month
Positive
Cash Flow Estimate:
$1,950 /month

Interested in this property?

Darlene Harrison

Coldwell Banker Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$152/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$467
$270,355
2025
$33,386
$236,969
$907,904
No

Tax History

Year
Tax Paid
Assessed Value
2024
$467
$270,355

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$270,355
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: Forney

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20762 Fm 740 | Property Details | No Agent List