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$272,850
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Property 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 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.
Full Property Details
Full Property Details for 506 Magnolia Dr
General
- Price: $272,850
- Taxes: $5,878
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21209926
- Updated: 3/27/2026
- Added to Site: 17 day(s) ago
Interior
- Interior Features: Built-in Features, Decorative/Designer Lighting Fixtures, High Speed Internet, Cable TV, Vaulted Ceiling(s)
- Appliances: Dishwasher, Electric Range, Electric Water Heater
- Flooring: Ceramic Tile, Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Exterior
- Exterior Features: Deck
- Porch/Patio/Deck: Covered, Deck
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Door-Multi, Driveway, Garage
Location
- County: Kaufman
- Subdivision: South Lake 3
- Driving Directions: GPS Friendly!
School Information
- Elem School District: Forney ISD
- Midd School District: Forney ISD
- High School District: Forney ISD
- Elementary School: Criswell
- Middle School: Brown
- High School: North Forney
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Electricity Available, Sewer Available, Water Available, Cable Available
Structural Information
- Property Detached: Yes
- Architectural Style: Detached
- Structure Type: House
- Detached/Attached: Detached
- Construction: Brick
- Roof: Composition
- Stories/Levels: 1
- Living Area: 1,819 Sq. Ft.
- Year Built: 1983
Lot Features
- Lot Size (Acres): 0.172
- Lot Size (Sq. Ft.): 7,492.32
- Fencing (Description): Wood
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $5,878
- Terms: Assumable, Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Legal Description: SOUTH LAKE EST #3 BLOCK M LOT 15
- Property ID: 37125
- Block: M
- Lot Number: 15
Listed by Ready Real Estate LLC, Breezie Smades
Get Pre-Approved Today
Schools
Schools serving 506 Magnolia Dr
School District:Forney Independent School District
| Name | Grades | Distance |
|---|---|---|
Kathryn Wolfe Criswell Elementary School 401 Farm to Market Road 740, Forney, TX 75126 | K-4 | 1.1 mi |
Warren Middle School 811 South Bois D Arc Street, Forney, TX 75126 | 7-8 | 2.3 mi |
Forney High School 1800 Fm 741 S, Forney, TX 75126 | 9-12 | 2.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 506 Magnolia Dr
Date
Details
Price
Change
Source
3/17/2026
Listed
$272,850
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 506 Magnolia Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,635
3%
$276,835
-12%
2023
$6,466
—
$314,874
1%
2023
$6,466
82%
$312,813
11%
2022
$3,551
-1%
$282,325
27%
2021
$3,596
7%
$222,309
5%
2020
$3,366
-7%
$210,800
51%
2019
$3,608
3%
$139,447
10%
2018
$3,486
8%
$126,770
8%
2017
$3,231
9%
$117,514
10%
2016
$2,970
9%
$106,831
10%
2015
$2,734
8%
$97,119
10%
2013
$2,520
—
$88,290
—
2013
$2,520
—
$88,560
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 506 Magnolia Dr
506 Magnolia Drive, Forney, TX 75126 (MLS# 21209926) is a Single Family property with 3 bedrooms and 2 full bathrooms. 506 Magnolia Drive is currently listed for $272,850 and was received on March 17, 2026. Want to learn more about 506 Magnolia Drive? Do you have questions about finding other Single Family real estate for sale in Forney? You can browse all Forney real estate or contact a Coldwell Banker agent to request more information.

