Active

506 Magnolia Drive

Forney, Texas 75126

$265,000 $1,117/Mo

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Overview

Bed

Bath

1,819

Sqft

0.17

Acre(Lot)

Description

Affordable living in Forney, Texas! This recently refreshed 3-bedroom, 2-bath home offers comfort, flexibility, and value, making it a great opportunity for buyers looking for a move-in ready property. VA assumable loan available at 3.375%, providing a potential benefit for qualified buyers. Inside, the spacious living area features a tall vaulted ceiling, creating an open and airy atmosphere that’s perfect for relaxing or entertaining. The kitchen is thoughtfully designed with a convenient breakfast bar and opens to the dining area, making everyday meals and gatherings easy and comfortable. Just off the dining space is an additional bonus room, providing even more flexibility for your lifestyle needs. The primary bedroom is generously sized and includes a large walk-in closet and privat e ensuite bathroom, offering a comfortable retreat at the end of the day. The secondary bedrooms are also well-sized and feature excellent storage, making them ideal for family, guests, or additional workspace. One of the standout features of the home is the large added bonus room, which can easily serve as a fourth bedroom, home office, playroom, workout space, or second living area—the possibilities are endless. Step outside and enjoy Texas living on the covered back patio, perfect for relaxing evenings, weekend barbecues, or entertaining guests. The spacious backyard provides plenty of room for outdoor activities, pets, or gardening. Additional highlights include a 2-car garage, durable LVP flooring, fresh interior paint, and a new HVAC system installed in 2024, offering peace of mind and energy efficiency for years to come. Conveniently located with easy access to shopping, dining, schools, and major highways, this home combines affordability, functionality, and comfort in a growing Forney community. Don’t miss the opportunity to make this versatile home your own.

Property Details

Property Type : Residential

Price : $265,000

AD Id : 76191756

MLS Id : 554317089

Beds : 3

Lot Size : 0.17 Acre

Living Area Size : 1,819

Year Built : 1983

Garage : 2

County : Kaufman

Subdivision: South Lake 3

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 3

Bathroom Information

Total Baths: 2 Full Baths: 2 Half Baths: 0
Interior Features

Built-in Features,Cable TV Available,Decorative Lighting,High Speed Internet Available,Vaulted Ceiling(s)

Appliances

Dishwasher,Electric Range,Electric Water Heater

Utilities

City Sewer,City Water,Electricity Available
Cooling Features

Ceiling Fan(s),Central Air,Electric

Heating Source

Central,Electric

Fireplace

Number of Fireplaces: 0

Building Information

Built Year: 1983 Construction: Brick Roof Type: Composition
Exterior Features

Covered Deck

Foundation

Slab
Patio And Porch

Covered,Deck

Fencing

Wood

Construction Materials

Brick

Lot Information

Lot Size (Acr): 0.1720 Lot Size Units: Acres Lot Size Square Feet: 7,492
Property Information

SQ ft (Living Area): 1,819 Property Type: Residential Property Sub Type: Single Family Residence Subdivision: South Lake 3 City: Forney State: Texas Directions: GPS Friendly! Property Status: Active Levels: One Property Age: 43 Year Built Details: Preowned

Listing Price Information

Original List Price: $265,000 List Price Tot SqFt: $146
Listing Information

Possession: Closing/Funding

Tax Information

Parcel Number: 37125 Tax Block: M Tax Legal Description: SOUTH LAKE EST #3 BLOCK M LOT 15 Tax Lot: 15 Unexempt Taxes: $5,878

Parking Information

Has Garage Garage Space: 2 Carport Spaces: 0 Parking Features: Driveway,Garage,Garage Double Door
Homeowners Association Information

HOA Type: None

School Information

Elementary School: Criswell Middle School: Brown High School: North Forney School District: Forney ISD
Utility Information

Utilities: City Sewer,City Water,Electricity Available

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1611 Silas Drive, Forney, TX, 75126	$290,000	3	2	1,622	1,622 SqFt
2620 Brooklyn Street, Forney, TX, 75126	$375,000	4	2	1,800	1,800 SqFt
3373 Big Buffalo Street, Forney, TX, 75126	$434,564	4	3	1,953	1,953 SqFt
2835 Standing Cypress S.., Forney, TX, 75126	$499,900	4	3	2,426	2,426 SqFt
2405 Drummond Street, Forney, TX, 75126	$499,750	4	3	3,291	3,291 SqFt
2712 Railway Street, Forney, TX, 75126	$529,729	4	4	3,421	3,421 SqFt
1812 Mann Road, Forney, TX, 75126	$329,990	3	2	1,720	1,720 SqFt
1816 Mann Road, Forney, TX, 75126	$349,990	3	2	1,815	1,815 SqFt
2407 Drummond Street, Forney, TX, 75126	$554,513	4	4	3,781	3,781 SqFt
1818 Mann Road, Forney, TX, 75126	$394,490	4	3	2,164	2,164 SqFt

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ByOwner last updated this listing 06/09/2026 @ 12:10

MLS: 554317089 LISTED BY: Breezie Smades, Ready Real Estate LLC 800-257-1242 SOURCE: NTREIS - North Texas Real Estate Information