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$289,900

216 Spruce Trl, Forney, TX, 75126

PendingInfo
Beds4 Beds
Baths2 Bath
Baths2,520 Sq Ft
price_per_sqft$115.04 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave

Exterior

Lot Size10,459 sqft

Building Information

Year Built2006
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.3849.0009.0017.00.02.02
Lot Number17
SubdivisionTrails Of Chestnut Meadow Ph 3a & 3b
Land UseResidential
Legal DescriptionTRAILS OF CHESTNUT MEADOW PH 3A & 3B, BLOCK I, LOT 17
Census Tract050215
Assessed Land Value$90,000
Assessed Improvement Value$273,323
Assessment Year2025

About this property

Completely Remodeled and Move-In Ready! Welcome to this beautifully updated home in the established Trails of Chestnut Meadows community in Forney. Featuring brand-new luxury laminate flooring throughout the main living areas, brand-new carpet in all bedrooms, and fresh interior paint throughout, this home offers the perfect combination of style and comfort. The kitchen is equipped with granite countertops, stainless steel appliances, and ample space for everyday living and entertaining. Granite countertops continue throughout the bathrooms, adding a touch of elegance and durability. Enjoy peace of mind with a new roof and numerous recent updates throughout the property. The fresh paint, updated flooring, and modern finishes make this home truly move-in ready. Conveniently located near schools, shopping, dining, and with easy access to US-80 for an easy commute to Dallas and surrounding areas. Don't miss this opportunity to own a beautifully remodeled home in one of Forney's most desirable communities. Modern updates, a great location, and exceptional value make this property a must-see!

Investor Tools

$97,662Estimated Mortgage Balance
$266,005Estimated Equity
73% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,180 /month
Positive
Cash Flow Estimate:
$727 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$693/month
$345/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,503
$363,323
2025
$90,000
$273,323
$363,323
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,503
$363,323

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Southwest Mortgage Corp
Building Or Construction Loan
$140,300
No
First
Mar 21, 2013
Apr 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$97,662
$265,661
73%
27%
$842/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$1,187/mo
+$1,373/mo
8.5%

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: Forney

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216 Spruce Trl | Property Details | No Agent List