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$512,000

NAL Estimated Property Value

24606 Pipestem Dr, Magnolia, TX, 77355

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,145 Sq Ft
price_per_sqft$272.73 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Electric Oven, Oven, Microwave, Gas Cooktop, Dishwasher, Instant Hot Water
FlooringCarpet, Tile

Exterior

Lot Size1.45 acres

Building Information

Year Built2004
Stories1
Roof Type105
Garage Spaces3

Land Information

APN3415-12-05300
Lot Number8
SubdivisionClear Creek
Land UseResidential
Legal DescriptionCLEAR CREEK FOREST 12, BLOCK 3, LOT 8, ACRES 1.450
Census Tract690101
Assessed Land Value$64,800
Assessed Improvement Value$433,891
Assessment Year2025

About this property

Absolutely stunning custom-built home on 1.45 acres located is the highly sought after Clear Creek Forest. Built with attractive Austin Limestone exterior & Cedar trim. The home boasts large spacious rooms, high ceilings, custom mesquite mantel, Alder Wood Maple doors and cabinetry, window storm shutters throughout & cutting-edge closets. Home has been recently remodeled to include tile flooring, carpet (bedrooms), fresh paint inside/out. Gorgeous white quartz countertops & cabinet finishings in Kitchen along with new SS appliances. Primary bathroom completely remodeled with an extra-large shower, seats, and two separate shower heads, matching quartz & cabinets with tons of storage. Two well lit covered patios located in the back of the home. One currently housing a hot tub. Additionally, a 30x50 Workshop, fully insulted with built in shelves, 14 ft doors to store a travel trailer, boat, etc. Workshop also features a cozy home office w/ added storage space above. Roof installed 2020.

Investor Tools

Property Icon
$512,000
Estimated Property Value
$276,084Estimated Mortgage Balance
$235,916Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,510 /month
Positive
Cash Flow Estimate:
$1,170 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$643/month
$228/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,159
$498,691
2025
$64,800
$433,891
$498,691
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,159
$498,691

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$285,000
No
First
Aug 27, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$276,084
$270,916
49%
54%
$1,709/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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