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$359,000

NAL Estimated Property Value

490 Black Forest Dr, Pottsboro, TX, 75076

$363,588 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,114 Sq Ft
price_per_sqft$332.05 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesWater Purifier, Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan, Washer
FlooringWood

Exterior

Exterior FeaturesRain Gutters, Lighting, Outdoor Grill, Outdoor Kitchen, Storage
Lot Size10,001 sqft

Building Information

Year Built1984

Land Information

APN029B6505142
Lot Number36,37
SubdivisionCambridge Shores Unit 1
Land UseResidential
Legal DescriptionCAMBRIDGE SHORES UNIT 1, BLOCK 7, LOT 36 & 37
Census Tract000305
Assessed Land Value$70,000
Assessed Improvement Value$266,610
Assessment Year2025

About this property

Step into this spectacular home that has been meticulously remodeled with no detail overlooked! Nestled in a golf-cart community, this property offers convenient amenities including a boat ramp and courtesy dock. The open and partially covered private back deck provides a serene view of the wooded backyard and features an outdoor kitchen, perfect for entertaining. This turn-key property is ready with extensive updates completed: new bamboo flooring, Shaker cabinets, windows, quartz countertops and a cozy fireplace. The home also boasts new appliances, fresh paint, updated AC, foundation work, and completely redone plumbing and electrical systems. Even the low-maintenance landscaping has been thoughtfully finished! Second bedroom is ideal for bunkbeds. Enjoy the three-car assigned parking spot and ample storage under the house for all your lake toys. This caliber of lake property is a rare find so don’t miss out on this exceptional opportunity! ++Furniture negotiable++

Investor Tools

Property Icon
$359,000
Estimated Property Value
$245,435Estimated Mortgage Balance
$113,565Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$363,588
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,219 /month
Positive
Cash Flow Estimate:
$740 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$205/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$669
$336,610
2025
$70,000
$266,610
$336,610
No

Tax History

Year
Tax Paid
Assessed Value
2024
$669
$336,610

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Conventional
$250,000
No
First
Mar 18, 2024
Apr 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$245,435
$113,565
31%
68%
$1,870/mo

Learn About the Market: Opportunity in Texas

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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: Pottsboro

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490 Black Forest Dr | Property Details | No Agent List