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Forney 75126 South Lake Estates
716 Redbud Drive
$280,000
● House - Off Market

716 Redbud Drive

Forney, TX 75126
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,671 Ft²
$277,440
RealtyHop Estimate
-0.91%
Since May 1, 2023
TX-Dallas
Primary Model

About This Property

No HOA! NO MUD! Huge lot in an established neighborhood!  Open, flowing floorplan!  You will love the layout of this charming home!  Recent updates to include, roof, gutters and fence  2 years old, updated master shower and bathroom, update tile surround in secondary bathroom, some interior paint and much more!  Rich wood floors throughout other than the kitchen, utility room and bathrooms.  Split master suite boasts of double sinks, 2 separate closets that have both been updated and a beautiful updated shower with subway tile, a MUST SEE! Kitchen features a breakfast bar, stainless style appliances and white cabinets!  Double pane windows! Cozy covered patio, great for entertaining!  Don't miss this great opportunity!
Unit Size
1,671 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$168
Property Type
House
Property Taxes
$403
HOA Dues
-
Year Built
1983

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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 #20282484)

Price History

Date / Event Date Event Price
Apr 20, 2023 Sold
Premium
Sold
Mar 18, 2023 Listed by Ebby Halliday, REALTORS $280,000
Listed by Ebby Halliday, REALTORS

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 460
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,600
  • Lot Size Depth Feet: 50
  • Total Building Area: 2,131
  • Gross Building Area: 2,331
  • Building Area: 1,671
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,671
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HERITAGE HILL 2
  • Land Acres: 0000000312
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: HERITAGE HILL 2, BLOCK 11, LOT 15; & HOUSE

Neighborhood

  • School District Name: Forney Independent School District
  • Census Tract: 050208

Geography

  • Parcel: 25435
  • Block: 11
  • Lot: 15
  • Municipality: FORNEY
  • Latitude: 32.7687
  • Longitude: -96.4628

    Address

  • Full Address: 716 Redbud Dr
  • Address - House Number: 716
  • Address - Street Name: Redbud
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Forney
  • Carrier Code: R003
  • 4-Digit Zip Code: 9750
  • Zip Code: 75126

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $429,141
  • Tax Rate Code Area: CAD CF KC

    Appraisal Valuation

  • Standard Deviation: 0.1604
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 80
  • Final Value: 287,006
  • High Value: 333,042
  • Low Value: 240,970

    Market Valuation

  • Market Total Value: $218,161
  • Market Land Value: $45,000
  • Market Improvement Value: $173,161

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $219,154

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 20, 2023
  • Current Sale Recording Date: Apr 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 10587
  • Previous Sale Recording Date: Feb 27, 2014
  • Previous Sale Contract Date: Feb 26, 2014
  • Previous Sale Amount: $114,400
  • Previous Sale Document Type: 70

    Financing

  • First Mortgage Financing Type: ADJ
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 South Lake Estates

Stats & Trends

Median Asking:

$234,250

Sale Price/ft²

$145

Below Asking

0.05%

Average Days on Market

80

Average Home Size

1726 ft²

Average Home Age

44.8 years

Currently For Sale

4 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 2324 Neff Lane, Forney, TX, 75126

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,520 ft²
2324 Neff Lane, Forney, TX, 75126 Listing by David Ojo
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: Chris Parker, Ebby Halliday, REALTORS
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20282484
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 716 Redbud Drive built and last sold?
The property at 716 Redbud Drive was built in 1983 and last sold on Apr 20, 2023 for $252,700.
How much is this home worth?
The estimated value of the home located at 716 Redbud Drive is $0.
What are some comparable homes to 716 Redbud Drive?
There are currently no comparable homes to 716 Redbud Drive.
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