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$471,000

NAL Estimated Property Value

24231 Marshburn Dr, Hockley, TX, 77447

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,736 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$173.61 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Half 3Bathrooms Half 3
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher

Exterior

Lot Size5.50 acres

Building Information

Year Built2003
Stories1

Land Information

APN5337-00-02900
Lot Number27
SubdivisionGlenwood Acres
Land UseResidential
Legal DescriptionS533700 - GLENWOOD ESTATES, BLOCK 2, LOT 27, SERIAL # OC010414410B, TITLE # CANCELLED, LABEL # PFS0820720, ACRES 5.5
Census Tract690101
Assessed Land Value$302,500
Assessed Improvement Value$227,420
Assessment Year2025

About this property

Discover a peaceful 5+ acre retreat offering the perfect balance of tranquility and convenience, just minutes from town and located in Magnolia ISD. This expansive property features a 5-bedroom, 3-bathroom home with more than 2,700 sq ft of living space, all freshly updated with new paint and carpet in 2025. Enjoy the durability of a metal roof (installed in 2023), a spacious 26x36 shop built in 2022, and over 1,500 sq ft of deck space for entertaining or relaxing outdoors. Partially fenced and ready for your horses, the property includes a 4-stall barn and feed room, plus 30-amp service for an RV or horse trailer. Unwind in the private hot tub, which stays with the home. Benefit from a low tax rate while enjoying ample room to roam, work, and play in your own serene haven.

Investor Tools

Property Icon
$471,000
Estimated Property Value
$422,529Estimated Mortgage Balance
$48,471Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,850 /month
Positive
Cash Flow Estimate:
$950 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$531/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,014
$367,489
2025
$302,500
$227,420
$529,920
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,014
$367,489

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sli Properties Llc
Unknown
$424,990
No
First
Jan 22, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$422,529
$49,471
10%
90%
$2,549/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: Hockley

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24231 Marshburn Dr | Property Details | No Agent List