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Forney 75126 Mustang Creek
505 Pinto Lane
$195,000
● House - Off Market

505 Pinto Lane

Forney, TX 75126
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,594 Ft²
$284,966
RealtyHop Estimate
46.14%
Since Jul 1, 2020
TX-Dallas
Primary Model

About This Property

Beautifully updated brick home that features 3 bedrooms & 2 full bathrooms.  You'll love the covered front patio & landscaping when you first arrive. Spacious Kitchen overlooking the living room & breakfast area. You'll enjoy the gas cook-top & stainless steel appliances & abundance of cabinets. Living room has a lovely brick wood burning fireplace. Large Master bedroom with walk-in closet. House has been freshly painted inside and out and ready for you! Close to dining, schools, & shopping.
Unit Size
1,594 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$122
Property Type
House
Property Taxes
$381
HOA Dues
$20
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 #14333026)

Price History

Date / Event Date Event Price
Jun 26, 2020 Sold
Premium
Sold
May 1, 2020 Listed by Kile Properties $195,000
Listed by Kile Properties

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: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,720
  • Total Building Area: 1,994
  • Gross Building Area: 2,110
  • Building Area: 1,594
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,594
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MUSTANG CREEK PH 1A
  • Land Acres: 0000000131
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: MUSTANG CREEK PH 1A BLOCK F LOT 3

Neighborhood

  • School District Name: Forney Independent School District
  • Census Tract: 050205

Geography

  • Parcel: 55771
  • Block: F
  • Lot: 3
  • Municipality: FORNEY
  • Latitude: 32.7606
  • Longitude: -96.4564

    Address

  • Full Address: 505 Pinto Ln
  • Address - House Number: 505
  • Address - Street Name: Pinto
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Forney
  • Carrier Code: R022
  • 4-Digit Zip Code: 4712
  • Zip Code: 75126

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $421,303
  • Tax Rate Code Area: CAD CF KC

    Appraisal Valuation

  • Standard Deviation: 0.1989
  • Valuation Date: Nov 23, 2022
  • Confidence Score: 73
  • Final Value: 348,982
  • High Value: 418,415
  • Low Value: 279,549

    Market Valuation

  • Market Total Value: $206,323
  • Market Land Value: $55,000
  • Market Improvement Value: $151,323

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $226,955

    Exemptions

  • Disabled Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 26, 2020
  • Current Sale Recording Date: Jun 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-0017545
  • Previous Sale Recording Date: Jun 14, 2011
  • Previous Sale Contract Date: May 09, 2011
  • Previous Sale Amount: $133,800
  • Previous Sale Document Type: 70
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 Mustang Creek

Stats & Trends

Median Asking:

$260,000

Sale Price/ft²

$141

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1974 ft²

Average Home Age

20 years

Currently For Sale

9 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 910 York Street, Forney, TX, 75126

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,308 ft²
910 York Street, Forney, TX, 75126 Listing by Belinda Epps
Unit for rent at 909 White Porch Avenue, Forney, TX, 75126

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,942 ft²
909 White Porch Avenue, Forney, TX, 75126 Listing by Anne Enloe
Unit for rent at 112 Acadia Lane, Forney, TX, 75126

$2,199 /mo

  • 4 Beds
  • 2 Baths
  • 1,737 ft²
112 Acadia Lane, Forney, TX, 75126 Listing by Carrie Deraps

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Shannon Runyan, Kile Properties
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14333026
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 505 Pinto Lane built and last sold?
The property at 505 Pinto Lane was built in 2002 and last sold on Jun 26, 2020 for $219,400.
How much is this home worth?
The estimated value of the home located at 505 Pinto Lane is $0.
What are some comparable homes to 505 Pinto Lane?
There are currently no comparable homes to 505 Pinto Lane.
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