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$478,000

3609 Chimney Rock Drive, Forest Hill, TX, 76140

Off MarketInfo
Baths0 Bath
Baths2,357 Sq Ft
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size7,131 sqft

Building Information

Year Built1992
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR162182
Lot Number18
SubdivisionStone Creek Est
Land UseResidential
Legal DescriptionSTONE CREEK EST BLK B LOT 18
Census Tract021621
Assessed Land Value$106,950
Assessed Improvement Value$336,050
Assessment Year2025

About this property

1 acre (3609 Chimney Rock Drive )+ 7.72 acres (7001 Forest Hill Dr, Forest Hill, TX 76140) = 8.72 acres of land prime for a developer to develop as a multi-family housing area, a church, or a professional business building with lots of parking space. It can divide up to 38 lots.

Investor Tools

Property Icon
$478,000
Estimated Property Value
$0Estimated Mortgage Balance
$478,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,900 /month
Positive
Cash Flow Estimate:
$1,300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$323/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,492
$399,600
2025
$106,950
$336,050
$443,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,492
$399,600

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$478,000
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.

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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: Forest Hill

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3609 Chimney Rock Drive | Property Details | No Agent List