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$389,000

1547 Magnolia Ln, Wills Point, TX, 75169

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,792 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$217.08 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator
FlooringCeramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size1.54 acres

Building Information

Year Built2000
Stories1
Roof Type105

Land Information

APN00.2456.0000.0019.01.99.00
Lot Number19
SubdivisionMeadow Wood Estates Ph 1
Land UseResidential
Legal DescriptionMEADOW WOOD ESTATES PH 1, LOT 19 PT
Census Tract050704
Assessed Land Value$91,783
Assessed Improvement Value$207,860
Assessment Year2025

About this property

Move-in ready country living on 1.54 acres! Situated on a spacious corner lot in Wills Point ISD, this beautifully updated home offers the space, flexibility, and peaceful setting buyers are looking for. Step into an inviting open-concept living area that flows into a generously sized kitchen featuring granite countertops, stainless steel appliances, abundant cabinetry, and plenty of room to gather. The versatile floor plan includes 3 spacious bedrooms plus a flex room that can easily serve as a 4th bedroom, home office, or playroom. The oversized primary suite offers a private retreat with an ensuite bath featuring a large garden tub, separate shower, and walk-in closet. The guest bathroom has been completely renovated with a new tub, toilet, vanity, and sink. Outside, enjoy 1.54 acres with room to spread out, plus a 600-square-foot, two-story barn ready for horses, livestock, storage, or your next project. Recent improvements include fresh interior and exterior paint, new flooring throughout, new fixtures, new baseboards in the kitchen and living areas, new thermostat, new garbage disposal, new attic fan and more.

Investor Tools

$333,328Estimated Mortgage Balance
$326,000Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,334 /month
Positive
Cash Flow Estimate:
$778 /month

Interested in this property?

Corey Booth

Piper Creek Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$436/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,603
$299,643
2025
$91,783
$207,860
$299,643
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,603
$299,643

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sierra Pacific Mortgage Co Inc
Fha
$319,113
Yes
First
Jul 19, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$333,328
$64,672
16%
102%
$2,068/mo

City: Wills Point