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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
Single Family ResidenceSingle Family Residence
price_per_sqft$146.64 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating Floor/WallHeating Floor/Wall

Exterior

Private PoolPrivate Pool
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

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Portland

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116 Magnolia Pl | Property Details | No Agent List