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$591,117

NAL Estimated Property Value

511 S Center St, Forney, TX, 75126

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,914 Sq Ft
price_per_sqft$219.6 / sqft
Year BuiltBuilt in 1924

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
AppliancesDishwasher, Disposal, Electric Oven, Gas Range, Microwave
FlooringCeramic Tile, Hardwood

Exterior

Exterior FeaturesBuilt-in Barbecue, Rain Gutters, Lighting
Lot Size33,811 sqft

Building Information

Year Built1920
Stories2
Roof Type125
Garage Spaces2

Land Information

APN00.2360.0018.0025.00.02.02
Lot Number1-18
SubdivisionMc Keller 1
Land UseResidential
Legal DescriptionMC KELLER #1 BLOCK 18 & BLOCK 25 PT LOT 18-1
Census Tract050214
Assessed Land Value$143,705
Assessed Improvement Value$472,877
Assessment Year2025

About this property

One of a kind historic property on highly desired Center Street walking distance to Forney's finest shopping and dining experiences! This gorgeous home has the architecture and charm of a bygone era. The stately brick columns and port-cochere welcome you and your guests. Features include original hardwoods, beautiful classic windows, laundry chute and fireplaces. Updates to accommodate modern needs include stainless steel appliance package with wall oven, lighting, microwave, HVAC, tankless HWH, fresh paint, plantation shutters and outdoor deck overlooking the garden-like backyard. The downstairs bedroom is currently being used as an additional living space and the second dining would make a lovely office. Huge detached game room off of the garage could be easily transformed into a MIL suite. This home has the craftsmanship and quality of materials that are no longer available including a full basement! Solid foundation. Call for your private showing today!

Investor Tools

Property Icon
$591,117
Estimated Property Value
$555,832Estimated Mortgage Balance
$35,285Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,839 /month
Positive
Cash Flow Estimate:
$1,280 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,035/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,463
$591,117
2025
$143,705
$472,877
$616,582
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,463
$591,117

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank
Building Or Construction Loan
$574,700
No
First
Jul 16, 2024
Jan 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$555,832
$35,285
5%
94%
$3,446/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: Forney

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511 S Center St | Property Details | No Agent List