NOT LISTED FOR SALE

1901-1903 Magnolia Ln Forest Hill, TX 76140

9 Beds
9 Baths
-- Sq Ft
8,320 Sq Ft Lot

Last Sold July 30, 2024

8 Days on Market

Highlights

  • New Construction
  • Rear Porch
  • Eat-In Kitchen
  • Granite Countertops
  • 1 Car Attached Garage
  • 4-minute walk to Jewell Blanton Kelly Park

About This Home

As of July 2024

NEW, fully occupied triplex with long term leases in place! Seller willing to purchase a forward commitment for investors who use and qualify through preferred lender, Momentum Loans, for a LONG-TERM INTEREST RATE OF 5.75%!
The Woods at Forest Hill is a master planned town home community comprised of 76 total doors, divided into duplexes, triplexes, and fourplexes. The project consists of limited HOA common area, with $30 dues per monthy per unit, with each owner responsible for their building insurance and maintenance.
The units are all 3 bed, 2.5 bath with 1 car garage and 1298 square feet of living space. They feature granite countertops, stainless appliances, LVP flooring and tall ceilings. Units are desirable for tenants with low maintenance exteriors. Very handy location for those working in Fort Worth, Arlington and the 287 corridor. Sold with property management in place.
Seller has other triplex and quadplex buildings available at The Woods. Contact listing agent for info.

Last Agent to Sell the Property

Levi Mills

Prime Properties Realty Brokerage Phone: 817-727-4215 License #0663266 Listed on: 06/12/2024

Last Buyer's Agent

John Steffen

eXp Realty LLC License #0736509

eXp Realty LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 8,320 Sq Ft Lot
  • Wood Fence
  • Back Yard

HOA Fees

  • $90 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Triplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Board and Batten Siding

Interior Spaces

  • 2-Story Property
  • Window Treatments
  • Luxury Vinyl Plank Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Rear Porch

Schools

  • Sellers Elementary School
  • Forest Oak Middle School
  • Wyatt Od High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Electric Water Heater

Community Details

  • Association fees include ground maintenance, trash
  • 3 Units
  • 3,894 Sq Ft Building
  • Principal Management HOA, Phone Number (888) 368-4030
  • The Woods Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Legal Lot and Block 18 / 1
  • Assessor Parcel Number 42738545
  • $6,119 per year unexempt tax

Property Details

Home Type

Multi-Family

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$90 per month

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Unit Levels: Two
  • Security: Fire Sprinkler System, Smoke Detector(s)
  • Year Built Details: New Construction - Complete
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 41452
  • Notice Surveillance Devices Pres: None
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 180.02054
  • Attribution Contact: 817-727-4215
  • Special Features: NewHome
  • Year Built: 2023

Interior Features

  • Windows: Window Coverings
  • Interior Amenities: Eat-in Kitchen, Granite Counters, Kitchen Island
  • Flooring: Luxury Vinyl Plank
  • Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave

Beds/Baths

  • Full Bathrooms: 6
  • Half Bathrooms: 3
  • Total Bedrooms: 9

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: Back Yard, Wood
  • Roof: Composition
  • Construction Materials: Board & Batten Siding, Brick
  • Patio And Porch Features: Rear Porch

Garage/Parking

  • Cooling System: Central Air, Electric
  • Garage Spaces: 1
  • Total Covered Spaces: 1
  • Number Of Parking Spaces: 2
  • Parking Features: Garage, Garage Door Opener, Garage Faces Front
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Heating: Central, Electric
  • Utilities: Asphalt, City Sewer, City Water, Underground Utilities

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Grounds, Trash
  • Complex Name: The Woods at Forest Hill
  • Association Fee: 90
  • Association Fee Frequency: Monthly
  • Association Type: Mandatory
  • Hoa Management Company: Principal Management
  • HOA Management Company: 888-368-4030

Schools

  • School District: Fort Worth ISD
  • Elementary School: Sellers
  • Middle School: Forest Oak
  • High School: Wyatt Od
  • School District: Fort Worth ISD
  • Elementary School: Sellers

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.1910
  • Parcel Number: 42738545
  • Lot Size Acres: 0.1910
  • Lot Size Sq Ft: 8319.9600

Green Features

  • Smart Home Features Appor Pass Y: Yes

Building Info

  • Year Built: 2023
  • Units Total: 3

Multi Family

  • Gross Annual Expenses: 24512.00
  • Gross Annual Income: 65964.00
  • Insurance Expense: 3948
  • Unit Count: 1

Tax Info

  • Unexempt Taxes: 6119
  • Special Taxing Entities: No
  • TaxBlock: 1
  • Tax Lot: 18

MLS Schools

  • Middle School Name: Forest Oak
  • Elementary School Name: Sellers
  • High School Name: Wyatt Od

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2024 07/30/24 Sold -- -- --
06/21/2024 06/21/24 Pending -- -- --
06/12/2024 06/12/24 For Sale $711,000 -- --
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2024

    Levi Mills

    Prime Properties Realty

    (817) 818-9160

    2 in this area

    30 Total Sales

    Levi Mills
    Section Image

  • J

    Buyer's Agent in 2024

    John Steffen

    eXp Realty LLC

    (570) 445-7820

    1 in this area

    98 Total Sales

    John Steffen
    Section Image
See All Agents

Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20643461

North Texas Real Estate Information Systems (NTREIS)
Texas Tarrant County Forest Hill 76140

1901-1903 Magnolia Ln, Forest Hill, TX

This home is located at 1901-1903 Magnolia Ln, Forest Hill, TX 76140 since 12 June 2024. This property was built in 2023. 1901-1903 Magnolia Ln is a home located in Tarrant County with nearby schools including David K Sellars Elementary School, O.D. Wyatt High School, and Uplift Ascend Preparatory.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

North Texas Real Estate Information Systems (NTREIS) Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved

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