Skip main navigation
For sale
  • Price cut: $4K (6/18)
    $261,000

    506 Magnolia Dr, Forney, TX 75126

    3beds
    1,819sqft
    : 
    Loading
    Get pre-qualified
    Single Family Residence
    Built in 1983
    7,492 Square Feet Lot
    $260,000 Zestimate®
    $143/sqft
    $-- HOA

    What's special

    Spacious backyardFresh interior paintAdditional bonus roomDurable lvp flooringCovered back patioLarge walk-in closetPrivate ensuite bathroom
    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 private 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.
    112 days
    |
    402
    |
    27
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Breezie Smades 0646443 817-757-9872,

    Ready Real Estate LLC 817-569-8200

    Source: NTREIS,MLS#: 21209926

    Loading...

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Features: Ceiling Fan(s), Walk-In Closet(s)
      • Level: First
      • Dimensions: 0 x 0
      Bedroom
      • Features: Walk-In Closet(s)
      • Level: First
      • Dimensions: 0 x 0
      Bedroom
      • Features: Ceiling Fan(s)
      • Level: First
      • Dimensions: 0 x 0
      Kitchen
      • Features: Breakfast Bar, Built-in Features
      • Level: First
      • Dimensions: 0 x 0
      Living room
      • Features: Ceiling Fan(s)
      • Level: First
      • Dimensions: 0 x 0
      Living room
      • Level: First
      • Dimensions: 0 x 0
      Heating
      • Central, Electric
      Cooling
      • Central Air, Ceiling Fan(s), Electric
      Appliances
      • Included: Dishwasher, Electric Range, Electric Water Heater
      Features
      • Built-in Features, Decorative/Designer Lighting Fixtures, High Speed Internet, Cable TV, Vaulted Ceiling(s)
      • Flooring: Ceramic Tile, Luxury Vinyl Plank
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total interior livable area: 1,819 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Door-Multi, Driveway, Garage
      • Attached garage spaces: 2
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Covered, Deck
      • Exterior features: Deck
      • Pool features: None
      • Fencing: Wood
      Lot
      • Size: 7,492 Square Feet
      Details
      • Parcel number: 37125

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Detached
      • Property subtype: Single Family Residence
      Materials
      • Brick
      • Foundation: Slab
      • Roof: Composition
      Condition
      • Year built: 1983

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Available, Sewer Available, Water Available, Cable Available

      Community & HOA

      Community
      • Subdivision: South Lake 3
      HOA
      • Has HOA: No
      Location
      • Region: Forney

      Financial & listing details

      • Price per square foot: $143/sqft
      • Tax assessed value: $276,835
      • Annual tax amount: $5,878
      • Date on market: 3/17/2026
      • Cumulative days on market: 112 days
      • Listing terms: Assumable,Cash,Conventional,FHA,VA Loan

        Estimated market value

        $260,000

        $247,000 - $273,000

        $2,140/mo

        Price history

        DateEventPrice
        6/18/2026Price change$261,000-1.5%$143/sqft
        Source: NTREIS #21209926 Report a problem
        5/29/2026Price change$265,000-1.5%$146/sqft
        Source: NTREIS #21209926 Report a problem
        5/5/2026Price change$269,000-1.4%$148/sqft
        Source: NTREIS #21209926 Report a problem
        3/17/2026Listed for sale$272,850-4.4%$150/sqft
        Source: NTREIS #21209926 Report a problem
        4/5/2023Listing removed--
        Source: NTREIS #20221239 Report a problem
        1/7/2023Listing removed--
        Source: Zillow Rentals Report a problem
        12/19/2022Listed for sale$285,500$157/sqft
        Source: NTREIS #20221239 Report a problem
        12/12/2022Price change$2,050-6.8%$1/sqft
        Source: Zillow Rentals Report a problem
        12/10/2022Listed for rent$2,200$1/sqft
        Source: Zillow Rentals Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,878 -11.4%$276,835 -12.1%
        2024$6,635 +2.6%$314,874 +0.7%
        2023$6,466 +82.1%$312,813 +68.5%
        2022$3,551 -1.2%$185,604 +10%
        2021$3,596 +6.8%$168,731 +10%
        2020$3,366 $153,392 +10%
        2019-- $139,447 +10%
        2018$2,846 $126,770 +3.6%
        2017$2,846 +10.1%$122,360 +13.8%
        2016$2,585 +13.6%$107,520 +10.3%
        2015$2,276 $97,460 +10.4%
        2014$2,276 $88,290 -0.3%
        2013-- $88,560 -6.8%
        2012-- $95,060 -1.1%
        2011-- $96,110 -2.1%
        2010-- $98,220 -1.1%
        2009-- $99,290 -1.1%
        2008-- $100,360 -5.1%
        2007-- $105,740 -0.1%
        2006-- $105,800 -2.1%
        2005-- $108,030 +4.6%
        2004-- $103,280 +6.3%
        2003-- $97,150
        2002-- --
        2001-- $88,150
        2000-- $88,150

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Southlake

        Getting around

        24 / 100
        Car-Dependent
        35 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Criswell
        • Middle: Brown
        • High: Forney
        • District: Forney ISD

        Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

        Skip to the end of the carouselSkip to the beginning of the carousel