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$534,000

NAL Estimated Property Value

20502 Forestview Dr, Magnolia, TX, 77355

$545,088 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,332 Sq Ft
price_per_sqft$255.15 / sqft
Year BuiltBuilt in 1946

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Free-Standing Range

Exterior

Lot Size3 acres

Building Information

Year Built1982
Stories1
Roof Type112

Land Information

APN0068-00-00204
SubdivisionAlford Mrs T E
Land UseResidential
Legal DescriptionALFORD MRS T E PT TR 2, ACRES 3.000
Census Tract690203
Assessed Land Value$90,000
Assessed Improvement Value$171,961
Assessment Year2025

About this property

Looking for an old farmhouse in proximity to the city? This is the property for you. This Property would make a Fantastic Horse Ranch on 28 Acres. Open Pastures that are Fenced and Cross fenced for livestock. Barn and Storage Shed for Equipment, Hay, Feed etc. and a stocked fishing pond. This Property Offers a Spacious 3 Bedroom 2 Bath Home that was well maintained but kept to its original Country Charm. An abundance of wildlife roams the property. Open Framed Front Porch to Enjoy the Shaded Front Yard. BEAUTIFUL TRANQUIL COUNTRY LIVING!

Investor Tools

Property Icon
$534,000
Estimated Property Value
$2,189,421Estimated Mortgage Balance
$534,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$545,088
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,570 /month
Positive
Cash Flow Estimate:
$1,190 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$526/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,641
$261,961
2025
$90,000
$171,961
$261,961
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,641
$261,961

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Newtek Small Business Finance Llc
Sba Participation Trust Deed
$60,000
No
First
Apr 25, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,189,421
N/A
0%
410%
$13,311/mo

City: Magnolia

20502 Forestview Dr | Property Details | No Agent List