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$895,000

1401 Magnolia Ln, Houston, TX, 77339

On MarketInfo
Just AddedInfo
Beds5 Beds
Baths3 Bath
Baths4,681 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$191.2 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Private PoolPrivate Pool
Lot Size43,469 sqft

Building Information

Year Built1971
Stories1
Garage Spaces3

Land Information

APN0951020000013
Lot Number13
SubdivisionForest Cove U/R
Land UseResidential
Legal DescriptionLT 13 BLK 12 FOREST COVE SEC 4 U/R
Census Tract251100
Assessed Land Value$134,320
Assessed Improvement Value$410,089
Assessment Year2025

About this property

Multi-Generational Living at Its Finest! Nestled on a beautiful 1-acre lot in the desirable Forest Cove community, this unique property offers space, flexibility, and endless possibilities. The main home is complemented by a connected private apartment featuring its own sitting area and kitchen—ideal for multi-generational living, extended guests, a live-in caregiver, or private home office. Step outside to your own backyard retreat complete with a sparkling pool, perfect for entertaining, relaxing, and making lasting memories. With plenty of room to spread out both inside and out, this property offers the rare combination of privacy, functionality, and convenience. Whether you're looking for a home that accommodates multiple generations, provides additional living space, or simply offers room to grow, this Forest Cove gem is a must-see!

Investor Tools

Property Icon
$590,000
Estimated Property Value
$368,000Estimated Mortgage Balance
$286,287Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,370 /month
Positive
Cash Flow Estimate:
$1,790 /month

Interested in this property?

Jennifer Sheridan

Keller Williams Realty Northeast

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$398/month
$195/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,823
$544,409
2025
$134,320
$410,089
$544,409
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,823
$544,409

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Zb Na
Stand Alone First / Home Equity First Lien
$368,000
No
First
Feb 9, 2018
Mar 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$303,713
$286,287
48%
51%
$2,207/mo

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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1401 Magnolia Ln | Property Details | No Agent List