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B+
NoAgentList RatingHow are grades calculated? Info

$640,000

2518 E Blue Lake Dr, Magnolia, TX, 77354

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,763 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$204.49 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher

Exterior

Private PoolPrivate Pool
Lot Size1.32 acres

Building Information

Year Built1997
Stories2
Roof Type105
Garage Spaces2

Land Information

APN7281-02-08100
Lot Number5
SubdivisionMontgomery Trace 02
Land UseResidential
Legal DescriptionS728102 - MONTGOMERY TRACE 02, BLOCK 4, LOT 5
Census Tract690501
Assessed Land Value$165,625
Assessed Improvement Value$323,244
Assessment Year2025

About this property

This exquisite 4-bedroom, 2 full & 1 half-bathroom home on a sprawling 1.3+ acre lot offers the perfect blend of serene country living & city convenience. This beautifully maintained home boasts spacious formal living, dining, & family room, offering plenty of room for entertaining or enjoying quiet family time. Work from home in the private French door home office. The spacious master suite features an updated ensuite bath. Dive into the refreshing pool & gather around the poolside patio for unforgettable outdoor gatherings. With over 1.3 acres of land, there's plenty of space for outdoor activities, gardening, & more. Enjoy access to some of the area's best schools in Montgomery ISD. Enjoy nature in the neighborhood lakes & parks, or take a short drive north to boating & water sports on Lake Conroe. While relishing the tranquility of country living, you're just a short drive away from vibrant dining, shopping, & entertainment options that The Woodlands & Woodforest offer.

Investor Tools

Property Icon
$640,000
Estimated Property Value
$566,221Estimated Mortgage Balance
$91,494Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,840 /month
Positive
Cash Flow Estimate:
$1,280 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$961/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,336
$488,869
2025
$165,625
$323,244
$488,869
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,336
$488,869

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Solutions Of Colorado Llc
Va
$566,221
Yes
First
Aug 12, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$548,506
$84,494
13%
86%
$3,395/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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2518 E Blue Lake Dr | Property Details | No Agent List