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$228,000

NAL Estimated Property Value

116 Magnolia Pl, Portland, TX, 78374

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,636 Sq Ft
price_per_sqft$146.64 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating Floor/WallHeating Floor/Wall
AppliancesDishwasher, Gas Oven, Gas Range
FlooringLaminate, Vinyl

Exterior

Lot Size10,585 sqft

Building Information

Year Built1956
Roof Type105
Garage Spaces1

Land Information

APN0199-0004-0008-000
Lot Number8
SubdivisionEast Cliff
Land UseResidential
Legal DescriptionEAST CLIFF BLK 4 LOT 8
Census Tract010604
Assessed Land Value$71,223
Assessed Improvement Value$142,986
Assessment Year2025

About this property

Roof replaced as of July 11, 2025! The “Magnolia House” is a must see bright, and fully remodeled coastal home. Open concept living area with all new wood grain vinyl flooring throughout flows to a sunny dining area with beautiful view of the large, tropically landscaped backyard. Kitchen features new cabinetry with ample storage space and a stone top island. Extraordinary all new oversized master bath with heavy glass shower stall. Three bedrooms plus study which can function as a fourth guest room, and new carpeting in all. This home is a short walk to Violet Andrews Park on the bayfront and is also very near Sunset Lake Park on a quiet serene street. Find your modern home paradise mixed with the classic “Old Town” charm here.

Investor Tools

Property Icon
$228,000
Estimated Property Value
$220,828Estimated Mortgage Balance
$7,172Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,439 /month
Positive
Cash Flow Estimate:
$480 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$165/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$842
$214,209
2025
$71,223
$142,986
$214,209
No

Tax History

Year
Tax Paid
Assessed Value
2024
$842
$214,209

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Willow Bend Mortgage Co
Conventional
$223,100
No
First
Sep 11, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$220,828
$7,172
3%
97%
$1,338/mo

City: Portland

116 Magnolia Pl | Property Details | No Agent List