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$3,800

999 W Forest Grove Rd, Lucas, TX, 75002

PendingInfo
Beds8 Beds
Baths5 Bath
Baths3,710 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.02 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 8Bedrooms 8
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Exterior FeaturesPrivate Entrance, Storage
Lot Size7.99 acres

Building Information

Year Built1984
Stories1
Roof Type105
Garage Spaces3

Land Information

APNR-3209-000-0020-1
Lot Number2,1
SubdivisionRust Addition (Clu)
Land UseResidential
Legal DescriptionRUST ADDITION (CLU), LOT 2 & 1
Census Tract031419
Assessed Land Value$1,438,740
Assessed Improvement Value$309,707
Assessment Year2025

About this property

Rare opportunity to lease a private estate in the highly desirable Lucas Allen area within the award-winning Lovejoy ISD. Set behind a gated entrance on approximately 8 heavily wooded acres, this remarkable property offers a level of privacy and natural beauty rarely found while remaining just minutes from shopping, dining, major highways, and everyday conveniences. Bring a horse or a few cows! This expansive home features two spacious living areas, a dedicated home office, a sunroom, a formal dining room, and a casual dining area, providing exceptional flexibility for large households, multigenerational living, entertaining, or working from home. Rich custom wood paneling, coffered ceilings, extensive millwork, and oversized windows create a warm, timeless atmosphere filled with natural light. The spacious kitchen offers abundant cabinetry, generous counter space, double ovens, and ample storage to accommodate everything from everyday meals to large gatherings. The impressive exterior welcomes you with a gated entrance, mature trees, beautifully landscaped grounds, and two decorative ponds that create an unforgettable first impression. Multiple patios offer peaceful settings for outdoor dining, relaxing, or entertaining while enjoying the tranquil surroundings. Fully fenced, open barn. The rear of the property gently slopes to White Rock Creek, a scenic natural ravine, and approx three acres of maintained grounds perfect for outdoor recreation. The remaining wooded acreage serves as a natural preserve, providing unmatched seclusion, abundant wildlife, and breathtaking views throughout the seasons. If you're looking for a truly distinctive lease property with room to spread out and enjoy nature, this extraordinary estate is unlike anything else currently available. No HOA!Yard care can be included for an additional 500 a month

Investor Tools

$0Estimated Mortgage Balance
$1,748,447Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,491 /month
Positive
Cash Flow Estimate:
$3,497 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,528/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,599
$1,748,447
2025
$1,438,740
$309,707
$1,748,447
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,599
$1,748,447

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,748,447
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
N/A
+$3,350/mo
2.3%

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