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$215,000

563 Forrest Lawn, Wharton, TX, 77488

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,560 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$155.77 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesMicrowave, Electric Range, Dishwasher

Exterior

Lot Size1.50 acres

Building Information

Year Built2020

Land Information

APN59974
Lot Number44,2020
SubdivisionHobben Oaks
Land UseResidential
Legal DescriptionHOBBEN OAKS LOT 44 2020 26X60 DW LABEL # NTA1968154/8155, SERIAL #ATH002654TXA/B
Census Tract740300
Assessed Land Value$67,500
Assessed Improvement Value$69,249
Assessment Year2025

About this property

Enjoy peaceful country living in this well-maintained manufactured home, perfectly situated on 1.5 spacious acres. This property offers a great blend of comfort, privacy, and room to grow. Step inside to find a modern layout with an open-concept living area, abundant natural light, and updated finishes throughout. The home provides comfortable bedrooms, a spacious kitchen, and plenty of space for everyday living. Outside, you’ll appreciate the expansive lot—ideal for gardening, outdoor activities, or simply enjoying the quiet surroundings. The attached carport adds convenient covered parking and extra storage options. Whether you’re looking for a starter home, downsizing, or a peaceful retreat, this property offers the space and flexibility you need.

Investor Tools

$178,551Estimated Mortgage Balance
$54,809Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,398 /month
Positive
Cash Flow Estimate:
$466 /month

Interested in this property?

Isabel Mills

Jennifer Hernandez

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$312/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,575
$136,749
2025
$67,500
$69,249
$136,749
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,575
$136,749

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Triad Financial Services Inc
Building Or Construction Loan
$200,161
No
First
Oct 7, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$178,551
$64,449
26%
77%
$1,201/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: Wharton

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563 Forrest Lawn | Property Details | No Agent List