1616 Silas Drive

1616 Silas Drive in Forney, TX was first built in 2021 and is 3 years old. This has been categorized as a residential property type. There are a total of 2 floors. 1616 Silas Drive has 2,728 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 9,291 square feet.

Learn more about the property and building on this page. There is a covered porch. The home has a gable or hip style roof made of composition shingle. For those who need parking, there is a attached garage. The garage is 420 sqft. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1616 Silas Drive sold most recently in Sep 27, 2021 for a total of $381,000. If you work out the math, that's approximately a cost of $121.03 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,693 in taxes each year. 1616 Silas Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $345,281. If we break it down further, the land itself was valued at $87,500. Improvements to the property, however, were assessed at a total of $257,781. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.