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$304,000

231 Acker St, Magnolia, TX, 77354

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,536 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.11 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Electric Range, Free-Standing Range, Dishwasher, Oven
FlooringTile

Exterior

Lot Size10,592 sqft

Building Information

Year Built1961
Stories1
Roof Type105

Land Information

APN6880-00-02000
Lot Number20
SubdivisionLee
Land UseResidential
Legal DescriptionLEE, BLOCK 1, LOT 20 W75'
Census Tract690300
Assessed Land Value$12,181
Assessed Improvement Value$86,176
Assessment Year2025

About this property

Welcome to this newly completely remodeled residence in downtown Magnolia! This lovely 3-bedroom, 2-bathroom house boasts a range of desirable features, including freshly painted exterior and interior walls, new roof, new fence, HVAC system, electrical, plumbing, modern plumbing & light fixtures, ceiling fans in every room, and sleek tile flooring throughout. The kitchen has been recently updated with new cabinets, granite countertops, and gleaming stainless steel appliances. The master bathroom offers a barn door, luxurious walk-in shower with a sleek frameless enclosure, complemented by double vanities, and elegant granite countertops. The second bedroom is oversized for an extra bed or sitting area. The second bathroom has also been completely renovated, with new cabinets, shelves, granite countertops, and tiled tub/shower combo. Easy access to all downtown amenities, schools, and Hwy FM-1488 and 249.

Investor Tools

Property Icon
$304,000
Estimated Property Value
$0Estimated Mortgage Balance
$304,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,824 /month
Positive
Cash Flow Estimate:
$608 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$249/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,472
$96,307
2025
$12,181
$86,176
$98,357
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,472
$96,307

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$310,000
100%
0%
$0/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.

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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: Magnolia

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231 Acker St | Property Details | No Agent List