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$300,000

704 Forrest Avenue, Cleburne, TX, 76033

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,811 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$165.65 / sqft
Year BuiltBuilt in 1926

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Gas Range
FlooringCeramic Tile, Hardwood, Marble

Exterior

Lot Size16,444 sqft

Building Information

Year Built1926

Land Information

APN126.2800.43390
Lot Number4-6
Land UseResidential
Legal DescriptionLOT 4-6 BLK 812 ORIGINAL CLEBURNE
Census Tract131000
Assessed Land Value$62,000
Assessed Improvement Value$143,948
Assessment Year2025

About this property

Welcome to 704 Forrest Ave., a truly special 1920s Tudor filled with the character, craftsmanship and details that simply cannot be recreated. Situated beneath beautiful mature pecan trees on a spacious lot, this 3 bedroom, 2 bath home has been thoughtfully updated while preserving the charm that makes it unforgettable. Step inside to original hardwood floors throughout, original shiplap walls, a beautiful fireplace and an incredible collection of builtins, including the original telephone desk! Generous living and dining spaces add to the warmth and personality of this one-of-a-kind home, while the beautiful open front sitting area offers an inviting spot to relax and enjoy the setting. Beautiful updates complement the home's original character, including renovated bathrooms with marble flooring and updated plumbing. Significant improvements include completed foundation repairs, updated electrical wiring and updated gas lines throughout the home, ethernet cabling and smart doorbell, control sprinkler system, smart thermostat, and doorbell camera. Original wall heaters were intentionally retained for their vintage charm and now serve as architectural details. Outside, mature pecan trees shade the large fenced backyard, where you'll find TWO workshops, both with electricity. One even features a mini split heating and cooling system, creating an incredible year round space for a workshop, studio, home office or hobby room. This home wasn't remodeled to erase its past. It was thoughtfully updated while honoring it. From the original hardwoods and shiplap to the built-ins, fireplace, mature pecan trees and details you simply don't find in newer construction, This house is a home with a story, and one you need to experience in person.

Investor Tools

$124,233Estimated Mortgage Balance
$135,767Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,800 /month
Positive
Cash Flow Estimate:
$600 /month

Interested in this property?

Alexa Boedeker

We Sell Texas

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$268/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,917
$205,948
2025
$62,000
$143,948
$205,948
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,917
$205,948

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$145,000
No
First
Jul 5, 2019
Aug 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$124,233
$135,767
52%
48%
$870/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$870/mo
+$1,057/mo
8.9%

City: Cleburne

704 Forrest Avenue | Property Details | No Agent List