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$310,000

702 Ponderosa Drive, Forney, TX, 75126

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,876 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$165.25 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher
FlooringCarpet, Laminate, Tile, Other

Exterior

Lot Size7,200 sqft

Building Information

Year Built1985
Stories2
Roof Type105
Garage Spaces2

Land Information

APN00.1461.0006.0010.00.02.02
Lot Number10
SubdivisionHeritage Hill 3
Land UseResidential
Legal DescriptionHERITAGE HILL 3, BLOCK F, LOT 10; & HOUSE & HOUSE
Census Tract050208
Assessed Land Value$62,500
Assessed Improvement Value$270,500
Assessment Year2025

About this property

This 2-story charming home boasts many custom features throughout such as engineered hardwood floors, neutral paint, ceiling fans, and granite countertops and more. There is a spacious bonus loft space upstairs with closet, which could be made into a 5th bedroom, office, or extra living space. Relax in your generous and inviting downstairs master suite complete with granite countertops, large shower, double sinks and expansive closet. Enjoy the lush view of the outside while lounging in your air-conditioned oversized sunroom year-round. This space also also features additional dining area with built-in cabinets great for storage. Well-appointed kitchen opens onto breakfast area and overlooks generous living room. Enjoy and relax in your grassy backyard, with plenty of room to lounge or for kids and pets to play. Located within walking distance to community park, new aquatic center, Rhodes Intermediate School and Jackson Middle School. No HOA and move in ready!

Investor Tools

Property Icon
$333,000
Estimated Property Value
$0Estimated Mortgage Balance
$333,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,998 /month
Positive
Cash Flow Estimate:
$666 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$664/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,306
$333,000
2025
$62,500
$270,500
$333,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,306
$333,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$333,000
100%
0%
$0/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: Forney

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702 Ponderosa Drive | Property Details | No Agent List