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$720,000

NAL Estimated Property Value

26107 Rimwick Forest Dr, Magnolia, TX, 77354

$769,668 ARVInfo
Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths3,438 Sq Ft
price_per_sqft$167.25 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Oven, Microwave, Electric Range, Dishwasher
FlooringLaminate, Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size2.44 acres

Building Information

Year Built1985
Stories2
Roof Type105
Garage Spaces5

Land Information

APN8275-00-00200
Lot Number2
SubdivisionRimwick Forest 01
Land UseResidential
Legal DescriptionRIMWICK FOREST 01, LOT 2, ACRES 2.440
Census Tract690405
Assessed Land Value$265,716
Assessed Improvement Value$312,235
Assessment Year2025

About this property

A rare opportunity for an affordable home on 2.44 acres conveniently located in Montgomery Co. minutes away from downtown Tomball, Magnolia, and The Woodlands AND zoned to Tomball ISD. The main house boasts an updated large kitchen, updated bathrooms with double sinks and granite countertops, and walk-in pantry and ample cabinetry provides a surplus of storage. The family room overlooks the large pool with surrounding patio with pergola and hot tub. A massive backyard with plenty of room to run and enjoy the great outdoors. The barn has a separate entrance, plumbing for a kitchenette, and full bathroom so it could be used as a private guest house or separate office. The oversized garage/workshop has attached carports for 3 cars and has a storage building behind for all of your outdoor toys. This has it all - lives like big acreage just minutes from the city! Seller recently replaced HVAC, septic system, hot water heater, electrical panel and all exterior siding. New paint inside + out!

Investor Tools

Property Icon
$720,000
Estimated Property Value
$552,325Estimated Mortgage Balance
$167,675Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$769,668
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,320 /month
Positive
Cash Flow Estimate:
$1,440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,133/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,999
$577,951
2025
$265,716
$312,235
$577,951
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,999
$577,951

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jadas Corp
Unknown
$581,500
No
First
Aug 9, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$552,325
$50,675
8%
77%
$3,487/mo

City: Magnolia