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$260,470

NAL Estimated Property Value

408 Redbud Drive, Forney, TX, 75126

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,976 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$88.54 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Refrigerator
FlooringLaminate, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size7,200 sqft

Building Information

Year Built1983
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.3410.0012.0032.00.02.02
Lot Number32
SubdivisionSouth Lake 3
Land UseResidential
Legal DescriptionSOUTH LAKE EST #3 BLOCK L LOT 32
Census Tract050208
Assessed Land Value$58,500
Assessed Improvement Value$201,970
Assessment Year2025

About this property

Light and bright home features vaulted ceilings, skylights with abundant natural light, and a corner fireplace in the family room! Updated kitchen features stainless appliances, granite, and tile backsplash! Casual and formal dining spaces! The master is large and the bath features dual sinks and granite counter tops. The secondary bedrooms are spacious as well and share the hall bath. The garage has been converted and offers a 2nd living area, great for a game room, office, or workout area. You will enjoy the covered rear porch. Many updates in the last 5 years. Walking distance to Criswell Elementary. Easy access to all shopping and Highway 80.

Investor Tools

Property Icon
$260,470
Estimated Property Value
$165,332Estimated Mortgage Balance
$95,138Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,563 /month
Positive
Cash Flow Estimate:
$521 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$464/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,260
$260,470
2025
$58,500
$201,970
$260,470
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,260
$260,470

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Paramount Residential Mortgage Group
Conventional
$181,308
No
First
Oct 26, 2018
Nov 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$165,332
$95,138
36%
63%
$1,161/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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408 Redbud Drive | Property Details | No Agent List