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Owner Contacts

$914,000

NAL Estimated Property Value

12002 Water Oak Drive, Magnolia, TX, 77354

Off Market

4 Beds

4 Bath

4,615 Sq Ft

Single Family Residence

$162.51 / sqft

Built in 2008

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Convection Oven, Double Oven, Microwave, Gas Range, Dishwasher

FlooringCarpet, Tile

Exterior

Lot Size1.01 acres

Building Information

Year Built2008

Stories2

Roof Type105

Garage Spaces3

Land Information

APN9243-00-00700

Lot Number7

SubdivisionThousand Oaks 01

Land UseResidential

Legal DescriptionTHOUSAND OAKS 01, BLOCK 1, LOT 7, ACRES 1.010

Census Tract690406

Assessed Land Value$89,890

Assessed Improvement Value$748,023

Assessment Year2025

About this property

MOVE IN READY WITH ALL NEW CARPET & PAINT! Nestled on over an acre & located in gated community of Thousand Oaks. The entryway welcomes you with vaulted ceilings & features a private office accented with a coffered ceiling & french doors. The open concept kitchen boasts custom cabinets, immense storage, gas stove, pot filler, & walk-in pantry. Cozy up in the first-floor primary retreat seating area with a fireplace, relish the direct entry to your backyard oasis, spa bath & walk-in closet. Traveling upstairs, find 2 generously sized bonus rooms equipped with a wet bar, home theater - media equip conveys, 3 bedrooms & 2 bathrooms! Step outside to enjoy a covered patio, overlooking massive backyard & no rear neighbors. Enjoy lakes & boat ramps, playground, bus stop huts, tennis, basketball & more! 2023 improvements include new tankless water heater, new sprinkler, w/ updated a/c. County living w/ city convenience! Magnolia ISD. ASK ABOUT SELLER INSPECTION!

Investor Tools

$914,000

Estimated Property Value

$541,320Estimated Mortgage Balance

$372,680Estimated Equity

40% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,484 /month

Positive

Cash Flow Estimate:

$1,828 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,273/month

$1,200/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$10,705

$837,913

2025

$89,890

$748,023

$837,913

Tax History

Year

Tax Paid

Assessed Value

2024

$10,705

$837,913

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Swbc Mortgage Corp

Conventional

$568,000

First

Oct 11, 2023

Nov 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$541,320

$372,680

40%

59%

$3,406/mo

Learn About the Market: Opportunity in Texas

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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.

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