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$500,000

339 Colwell Rd, Forestburg, TX, 76239

On MarketInfo
Beds5 Beds
Baths2 Bath
Baths3,167 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$157.88 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesStorage, Garden
Lot Size4.10 acres

Building Information

Year Built1998

Land Information

APNR000025726
Land UseFarm & Ranch Improved - Rural Residence
Legal DescriptionACRES: 4.100 AB 36 HENRY BINGHAM SURVEY
Census Tract950600
Assessment Year2025

About this property

339 Colwell Road in Forestburg, Texas offers a newly updated single-story ranch home on 4.1 acres in Montague County featuring 5 bedrooms, 2.5 bathrooms, a dedicated office, shop, barn, storm shelter, automatic privacy gate, fenced homesite, private road access, and no deed restrictions. Located in Forestburg ISD, this property delivers the space, privacy, and flexibility buyers are looking for in North Texas. The open-concept floor plan centers around a spacious living area and a beautifully designed kitchen featuring an oversized island, abundant cabinetry, extensive built-ins, generous counter space, and a newly replaced dishwasher. The spacious primary suite offers a private retreat, while the dedicated office provides the flexibility to work from home or create a hobby space. Both full bathrooms are completely renovated. Recent improvements include new windows, newer AC unit, hot water heater, and a second septic tank, creating a move-in-ready home with modern finishes throughout. Outside is where this property truly shines. The automatic gated entrance, fenced homesite, shop, barn, storm shelter, and open acreage create endless possibilities. Bring your horses, chickens, livestock, or simply enjoy the open space. There is also a walk-in chicken coop. With no deed restrictions, you'll have the freedom to make this property your own while enjoying the privacy and peaceful setting that country living offers. There are two peach trees, two apple trees, a pear tree, a wild pear tree, seven wild plum trees, a black walnut tree, and two pecan trees! Conveniently located in Montague County with easy access to Decatur, Bowie, and surrounding North Texas communities, this property offers the best of rural living while remaining close to shopping, dining, and everyday conveniences.

Investor Tools

$154,493Estimated Mortgage Balance
$1,196,805Estimated Equity
91% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,106 /month
Positive
Cash Flow Estimate:
$2,702 /month

Interested in this property?

Shawna Martinez

Real Broker, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$563/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
N/A
2025
N/A
N/A
N/A
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
N/A

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$170,150
No
First
Aug 26, 2021
Sep 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$154,493
$1,579,507
91%
11%
$1,021/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: Forestburg

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339 Colwell Rd | Property Details | No Agent List