Last 24 Hours
$4,500
24313 Fm 1488 Rd, Magnolia, TX, 77355
On Market
— Beds
— Bath
1,800 Sq Ft
Single Family Residence
$2.5 / sqft
Built in 2022Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
Bedrooms —
Bathrooms —Exterior
Lot Size3.64 acres
Building Information
Year Built2024
Garage Spaces5
Land Information
APN340000-003-000-100
SubdivisionA-400 William Berryman
Land UseVacant Land
Legal DescriptionABS A340000 A-400 WILLIAM BERRYMAN TRACT 3 ACRES 3.639 P/O 5.22 AC P/O 5.22 AC
Census Tract680602
Assessed Land Value$229,850
Assessed Improvement Value$63,700
Assessment Year2025
About this property
Don't miss your opportunity to rent 5+ acres off FM 1488! With approximately 420' of road frontage, the opprotunites here are endless. Fully fenced and gated with a large 30x60 shop. This property is only 5 miles from SH 249 and the area is feeling massive growth!
Investor Tools
$0Estimated Mortgage Balance
$293,550Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,761 /month
Positive
Cash Flow Estimate:
$587 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$240/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,408
$293,550
2025
$229,850
$63,700
$293,550
No
Tax History
Year
Tax Paid
Assessed Value
2024
$1,408
$293,550
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$462,000
100%
0%
$0/mo
12.4%