15500 University Dr Forney, TX 75126
Devonshire NeighborhoodEstimated payment $10,610/month
Highlights
- Barn or Stable
- RV Parking in Community
- 16.23 Acre Lot
- RV or Boat Parking
- Gated Community
- 3 Stock Tanks or Ponds
About This Lot
DEVELOPERS DREAM! SURROUNDED BY NEW DEVELOPMENTS! Nestled on 16 acres of serene countryside just outside the city limits, this unrestricted property offers endless possibilities for development or personal retreat. With open pastures, mature trees, and a gentle rolling landscape, the land is both picturesque and functional, perfect for a variety of uses. This property features a large home with five oversized bedrooms, offering ample space for family, guests, or even rental opportunities. A spacious game room provides the perfect place for entertainment, while the commercial-sized kitchen is a dream for chefs, caterers, or those who love to cook and entertain. Surrounding the home is a 1,600-square-foot wraparound porch, where you can relax and take in the peaceful countryside views, watch the sunrise with a cup of coffee, or enjoy a cool evening breeze. New owners can choose to make cosmetic upgrades and live in the existing home or utilize the land for something else of their choosing. For developers, the expansive acreage provides ample space for a mobile home park, RV park, or commercial ventures, with easy access to major roads and utilities available nearby. Entrepreneurs looking for an event center or Airbnb investment will appreciate the peaceful setting, ideal for weddings, retreats, or vacation rentals.For those seeking a private homestead, the land is perfect for a single-family ranch home, offering plenty of room for animals, gardens, and a self-sufficient lifestyle. Imagine waking up to breathtaking sunrises, enjoying the wide-open spaces, and watching deer roam freely at dusk.With no restrictions, the opportunities are truly limitless. Whether you’re looking to build, invest, or create your dream country escape, this property is a rare gem that offers the best of both worlds—tranquility and potential.
Listing Agent
Call It Closed Realty Brokerage Phone: 972-955-2735 License #0752354 Listed on: 02/06/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $12,886
Year Built
- Built in 2000
Lot Details
- 16.23 Acre Lot
- Private Entrance
- Gated Home
- Cleared Lot
- Few Trees
- Large Grassy Backyard
- Zoning described as Zero zoning or deed restrictions!
Parking
- RV or Boat Parking
Home Design
- Ranch Property
Interior Spaces
- Ceiling Fan
Schools
- Griffin Elementary School
- Jackson Middle School
- Rhodes Middle School
- North Forney High School
Farming
- Electricity in Barn
- 1 Barn
- Crops
- 3 Stock Tanks or Ponds
- Agricultural Exemption
- 14 Acres of Pasture
- Agricultural
- Pasture
Horse Facilities and Amenities
- Horses Allowed On Property
- Water to Barn
- Barn or Stable
Utilities
- Central Heating and Cooling System
- Co-Op Electric
- Municipal Utilities District
Listing and Financial Details
- Assessor Parcel Number 11031
Community Details
Overview
- Ruth Peckum Surv Abs 374 Subdivision
- RV Parking in Community
Recreation
- Covered Deck
- Covered Patio or Porch
- Covered Courtyard
- Exterior Lighting
Additional Features
- Laundry Facilities
- Gated Community
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,886 | $737,626 | $510,420 | $227,206 |
| 2024 | $12,886 | $737,799 | $510,420 | $227,379 |
| 2023 | $12,994 | $747,078 | $510,420 | $236,658 |
| 2022 | $5,118 | $283,437 | $36,488 | $246,949 |
| 2021 | $4,362 | $597,787 | $395,833 | $201,954 |
| 2020 | $4,126 | $509,330 | $314,660 | $194,670 |
| 2019 | $4,209 | $309,510 | $124,090 | $185,420 |
| 2018 | $4,469 | $321,430 | $124,090 | $197,340 |
| 2017 | $4,322 | $314,580 | $124,090 | $190,490 |
| 2016 | $6,751 | $312,730 | $124,090 | $188,640 |
| 2015 | $6,301 | $289,940 | $124,090 | $165,850 |
| 2014 | $6,301 | $293,590 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/06/2025 02/06/25 | For Sale | $1,750,000 | -- | -- |
| 02/06/2025 02/06/25 | Off Market | -- | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Independence Title Company | |
| Deed | -- | Independence Title Company | |
| Vendors Lien | -- | Allegiance Title Company Roc | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $765,000 | New Conventional | |
| Closed | $765,000 | New Conventional | |
| Previous Owner | $268,761 | FHA | |
| Previous Owner | $270,019 | FHA | |
| Previous Owner | $136,000 | Credit Line Revolving |
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20837805
APN: 11031
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