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$471,000

980 W Forest Grove Rd, Lucas, TX, 75002

$612,300 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,736 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$316.82 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range
FlooringCarpet, Ceramic Tile

Exterior

Lot Size1.04 acres

Building Information

Year Built1980
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-6506-000-0210-1
Lot Number21
SubdivisionJohn W Kerby Survey
Land UseResidential
Legal DescriptionABS A0506 JOHN W KERBY SURVEY, TRACT 21, 1.043 ACRES
Census Tract031419
Assessed Land Value$328,545
Assessed Improvement Value$93,705
Assessment Year2025

About this property

Great opportunity to own over an acre of land in Lovejoy ISD with no HOA. So many possibilities to update or remodel and make it your own. This home features 3 bedrooms 2 full baths and a large living room with a wood burning fireplace and a sunroom. The secondary bedrooms are split from the huge primary bedroom. Huge detached 2 car tandem garage with an attached workshop or storage area. There is an additional covered parking area for RV parking or other equipment. This is an estate sale being sold as is. No seller's disclosure. Water heater replaced Dec. 2020. The seller believes the roof and AC have been replaced in recent years. No survey buyer expense.

Investor Tools

Property Icon
$471,000
Estimated Property Value
$0Estimated Mortgage Balance
$471,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$612,300
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$230/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$407
$422,250
2025
$328,545
$93,705
$422,250
No

Tax History

Year
Tax Paid
Assessed Value
2024
$407
$422,250

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$471,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,570/mo
N/A
+$2,570/mo
6.5%

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: Lucas

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980 W Forest Grove Rd | Property Details | No Agent List