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$75,000

NAL Estimated Property Value

0000 Baneberry Rd, Magnolia, TX, 77355

Off MarketInfo

About this property

This Lot (Lot 59) is 1.05 acres ready to be developed in the established neighborhood of Clear Creek Forest Section 11 in Magnolia. Approx 15 minutes to the Grand Parkway (TX-99), to TX-249, and to US-290. Easy access to The Woodlands, Tomball, and Houston, yet you feel secluded away in the country. This rectangle-shaped lot has plenty of trees, including along the entire front to provide privacy and seclusion to build behind. This lot is fenced on 3 sides w/ T-Posts & Cattle Panel fencing. Note that Lot 60 to the left is also owned by the Seller and it is separately listed on the MLS at 22915 Baneberry Rd. (MLS# 12700108). Lot 60 may be sold or under contract with another buyer at any time. A buyer is welcome to put offers on both lots if both are still available. No septic or water well service on Lot 59 currently, but you can put one in. See HOA website for deed restrictions, bylaws, building guidelines, etc. Great wildlife in this area!

Investor Tools

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$75,000
Estimated Property Value
$0Estimated Mortgage Balance
$75,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$450 /month
Positive
Cash Flow Estimate:
$150 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
$174/month
5.947%

City: Magnolia

0000 Baneberry Rd | Property Details | No Agent List