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Forney 75126 Trails of Chestnut Meadow
308 Pinewood Trail
$315,000
● House - Off Market

308 Pinewood Trail

Forney, TX 75126
bedrooms
4 Beds
bathrooms
0 Bath
square feet
2,103 Ft²
$330,804
RealtyHop Estimate
10.27%
Since Dec 1, 2021
TX-Dallas
Primary Model

About This Property

MULTIPLE OFFERS!  ALL OFFERS DUE BY NOON OCT. 2ND.  Searching high and low for an affordable home? This charming single story plan offers wood floors, spacious rooms, vaulted ceilings, brick fireplace, crown molding, recessed lighting, 2 inch blinds and walk-in closets.  An updated kitchen features white granite countertops, subway tile, a farmhouse sink, and a pantry.  The landscaped yard with sprinkler system also includes a 12 x 11 shed with electricity.  Conveniently located in central Forney within walking distance to Claybon Elementary School, the community pool, park and playground.   No MUD tax or PID.  Once in a while we list a real gem! This is the perfect investment to begin your home ownership!
Unit Size
2,103 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$143
Property Type
House
Property Taxes
$459
HOA Dues
$37
Year Built
2002

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (NTREIS #14670126)

Price History

Date / Event Date Event Price
Nov 4, 2021 Sold
Premium
Sold
Sep 23, 2021 Listed by Coldwell Banker Apex, REALTORS $300,000
Listed by Coldwell Banker Apex, REALTORS

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,020
  • Total Building Area: 2,543
  • Gross Building Area: 2,716
  • Building Area: 2,103
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,103
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TRAILS OF CHESTNUT MEADOW PH 1
  • Land Acres: 0000000207
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: TRAILS OF CHESTNUT MEADOW BLOCK B LOT 5

Neighborhood

  • School District Name: Forney Independent School District
  • Census Tract: 050215

Geography

  • Parcel: 55857
  • Block: B
  • Lot: 5
  • Municipality: FORNEY
  • Latitude: 32.7343
  • Longitude: -96.4665

    Address

  • Full Address: 308 Pinewood Trl
  • Address - House Number: 308
  • Address - Street Name: Pinewood
  • Address - Suffix Type: Trl
  • State: TX
  • City Name: Forney
  • Carrier Code: R027
  • 4-Digit Zip Code: 6874
  • Zip Code: 75126

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $669,007
  • Tax Rate Code Area: CAD CF KC

    Appraisal Valuation

  • Standard Deviation: 0.1993
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 73
  • Final Value: 355,820
  • High Value: 426,749
  • Low Value: 284,890

    Market Valuation

  • Market Total Value: $250,038
  • Market Land Value: $70,000
  • Market Improvement Value: $180,038

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $303,348
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $233,348

    Sales

  • Current Sale Contract Date: Nov 04, 2021
  • Current Sale Recording Date: Nov 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2021-0045773
  • Previous Sale Recording Date: Jul 25, 2013
  • Previous Sale Contract Date: Jul 24, 2013
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Trails of Chestnut Meadow

Stats & Trends

Median Asking:

$309,950

Sale Price/ft²

$142

Below Asking

0.02%

Average Days on Market

74

Average Home Size

2336 ft²

Average Home Age

18.3 years

Currently For Sale

10 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 812 Carmen Street, Forney, TX, 75126

$2,399 /mo

  • 4 Beds
  • 2 Baths
  • 1,876 ft²
812 Carmen Street, Forney, TX, 75126 Listing by Carrie Deraps
Unit for rent at 909 White Porch Avenue, Forney, TX, 75126

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,942 ft²
909 White Porch Avenue, Forney, TX, 75126 Listing by Anne Enloe
Unit for rent at 576 Spruce Trail, Forney, TX, 75126

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 3,180 ft²
576 Spruce Trail, Forney, TX, 75126 Listing by Macey Davis

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Becky Bochniak, Coldwell Banker Apex, REALTORS
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14670126
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 308 Pinewood Trail built and last sold?
The property at 308 Pinewood Trail was built in 2002 and last sold on Nov 4, 2021 for $299,000.
How much is this home worth?
The estimated value of the home located at 308 Pinewood Trail is $0.
What are some comparable homes to 308 Pinewood Trail?
There are currently no comparable homes to 308 Pinewood Trail.
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