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$281,967

305 Lakewood Trl, Forney, TX, 75126

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,580 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$199.3 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Gas Cooktop, Microwave
FlooringCarpet, Tile

Exterior

Exterior FeaturesPrivate Yard
Lot Size9,788 sqft

Building Information

Year Built2002
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.3850.0010.0006.00.02.02
Lot Number6
SubdivisionTrails Of Chestnut Meadow Ph 1
Land UseResidential
Legal DescriptionTRAILS OF CHESTNUT MEADOW BLOCK J LOT 6
Census Tract050215
Assessed Land Value$90,000
Assessed Improvement Value$191,967
Assessment Year2025

About this property

Welcome to this beautiful 1,580 sq. ft. brick home nestled in a desirable Forney neighborhood! Offering 3 bedrooms, 2 bathrooms, and a 2-car garage, this home features an open floor plan concept, perfect for modern living and entertaining. Step inside to find a spacious living area centered around a cozy gas fireplace, creating a warm and inviting atmosphere. With the kitchen joining the breakfast room and living room this ensures a seamless interaction for family and guests alike. Safety and peace of mind come standard with a large above-ground storm shelter in the garage—a rare and valuable feature! Located just minutes from local shops, restaurants, and with easy access to HWY 80, this home makes for a quick commute to the metroplex while offering the comfort of suburban living. Don’t miss out on this fantastic opportunity—schedule your showing today!

Investor Tools

Property Icon
$281,967
Estimated Property Value
$299,568Estimated Mortgage Balance
$0Estimated Equity
-6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,889 /month
Positive
Cash Flow Estimate:
$630 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$621/month
$484/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,040
$281,967
2025
$90,000
$191,967
$281,967
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,040
$281,967

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Link
Va
$299,568
Yes
First
Sep 29, 2023
Oct 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$285,019
N/A
0%
101%
$1,797/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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305 Lakewood Trl | Property Details | No Agent List