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$515,000

616 Forest Edge Lane, Ovilla, TX, 75154

Under ContractInfo
Beds3 Beds
Baths3 Bath
Baths2,588 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$199 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Double Oven
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Private Yard, Garden
Lot Size19,123 sqft

Building Information

Year Built1995
Stories1
Roof Type105
Garage Spaces4

Land Information

APN62.2231.902.009.00.111
SubdivisionAshburne Glen Est Addn Phii
Land UseResidential
Legal Description9 B ASHBURNE GLEN ESTS PH II0.439 ACRES
Census Tract060216
Assessed Land Value$127,500
Assessed Improvement Value$357,207
Assessment Year2025

About this property

Tucked beneath a canopy of mature trees in the highly sought-after Ashburne Glen, this beautifully maintained one-story home offers the perfect blend of comfort, charm, and thoughtful updates. Situated on a spacious .439-acre lot, 616 Forest Edge Lane features 3 bedrooms, 2.5 baths, a dedicated office, and a 3-car garage across 2,588 square feet. Step inside to find a warm, inviting interior with rich nailed-down wood floors flowing through the main living areas, dining room, office, and hallways. The home has been freshly repainted (2023) and enhanced with updated fixtures and stunning quartz countertops throughout—even extending to the fireplace hearth—creating a cohesive and elevated feel. At the heart of the home, the kitchen is both beautiful and functional, showcasing upgraded appliances, quartz countertops, a stylish backsplash, porcelain farmhouse sink, center island, and a generously sized double-door pantry. The primary suite offers a private retreat with a recently updated, handicap-accessible ensuite featuring a walk-in shower, new fixtures, quartz countertops, and tile flooring—designed for both comfort and ease of use. Secondary bedrooms are comfortably carpeted, while bathrooms feature durable tile finishes. Plantation shutters line the front of the home, adding timeless style and curb appeal. Major updates provide peace of mind, including a new roof (2023), gas water heater (2025), and updated thermostat. Outdoors, the expanded 14x22 patio creates an ideal space for relaxing or entertaining, surrounded by lush landscaping and the natural beauty that defines Ashburne Glen.

Investor Tools

$0Estimated Mortgage Balance
$510,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,090 /month
Positive
Cash Flow Estimate:
$1,030 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$657/month
$225/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,338
$484,707
2025
$127,500
$357,207
$484,707
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,338
$484,707

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$510,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$225/mo
+$1,855/mo
4.9%

City: Ovilla

616 Forest Edge Lane | Property Details | No Agent List