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$299,900

$304,000

511 Chestnut Trl, Forney, TX, 75126

On MarketInfo
Just AddedInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths2,389 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$125.53 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size8,324 sqft

Building Information

Year Built2006
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.3851.0009.0006.00.02.02
Lot Number6
SubdivisionTrails Of Chestnut Meadow Ph 2
Land UseResidential
Legal DescriptionTRLS OF CHESTNUT MDW PH 2 BLOCK I LOT 6
Census Tract050215
Assessed Land Value$90,000
Assessed Improvement Value$268,883
Assessment Year2025

About this property

Discover the space, layout, and location you’ve been searching for in Forney! Built in 2006 and offering approximately 2,389 square feet, this move-in ready 3-bedroom, 2-bathroom home with a 2-car garage welcomes with impressive curb appeal, mature shade trees, a striking brick exterior, fresh exterior paint (2026), and a new roof (2025). Inside, the open-concept floorplan creates an inviting flow throughout the home. The large living room is filled with natural light and anchored by a beautiful floor-to-ceiling stone fireplace that can be enjoyed as either a gas or wood-burning fireplace, creating a warm gathering space for everyday living and entertaining. The gourmet kitchen is designed for hosting with upgraded granite countertops (2015), abundant cabinetry, stainless steel appliances, decorative backsplash, a large island with seating, and an adjoining breakfast area. A formal dining room provides an elegant setting for holidays and special occasions, while the bonus room at the front of the home makes an ideal home office. The large primary suite offers a relaxing retreat and features an ensuite bath with upgraded shower and vanity improvements (2018), dual vanities, a soaking tub, and plenty of storage. The secondary bedrooms offer comfort and flexibility for guests or hobbies. Additional updates include hardwood flooring (2019) and a replaced air conditioning unit (2020). Outside, enjoy a covered patio deck overlooking a spacious fenced backyard with room to play, garden, or create your ideal outdoor retreat. Located in the Trails of Chestnut Meadow community, this home is minutes from shopping, restaurants, schools, and convenient access to Highway 80 for an easy commute to Dallas. Forney is known as the Antique Capital of Texas and continues to be one of the fastest-growing communities in the metroplex. Proudly Claim Your Piece of Texas!

Investor Tools

$112,141Estimated Mortgage Balance
$247,284Estimated Equity
68% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,153 /month
Positive
Cash Flow Estimate:
$718 /month

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Bill Moomaw

Regal, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$609/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,515
$358,883
2025
$90,000
$268,883
$358,883
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,515
$358,883

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cu Members Mortgage
Purchase Money Mortgage
$151,654
No
First
Feb 6, 2007
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$112,141
$246,742
68%
31%
$1,150/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$1,150/mo
+$1,410/mo
8.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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511 Chestnut Trl | Property Details | No Agent List