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$472,000

NAL Estimated Property Value

26156 Red Oak Drive, Magnolia, TX, 77355

Off MarketInfo

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size8 acres

Land Information

APN8266-01-01600
Lot Number16
SubdivisionRed Oaks 02
Land UseResidential
Legal DescriptionS826601 - RED OAKS 02, LOT 16, ACRES 8
Census Tract690203
Assessed Land Value$280,000
Assessment Year2025

About this property

A full 8 acres with endless possibilities. Owners were to build two homes & a business on the property but had a change in circumstances. TWO massive dirt pads. One was for the home & the other for the biz. All of the undersoil was removed & select was brought in for a good, solid base for construction. Over $100K in new dirt added w/old dirt moved and used elsewhere on the property. San Bernard removed the old transformer & put a brand new one with a new pole. All electrics are run underground for no unsightly overhead lines. One of the dirt pads is 100' x 150' and the other is 100' x 175', approx. Well on the property needs to be reset, was disconnected from power source during the dirt &clearing process. Holding tank knocked over during the process. Tree line surrounding property was maintained for privacy from the road. Great for a family "compound" w/multiple homes, a barn or workshop, UNRESTRICTED! NO MUD and NOT in the city, which equates to a much lower tax rate!

Investor Tools

Property Icon
$472,000
Estimated Property Value
$256,020Estimated Mortgage Balance
$215,980Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,871 /month
Positive
Cash Flow Estimate:
$957 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$566/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,433
$280,000
2025
$280,000
N/A
$280,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,433
$280,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank Na
Commercial
$270,000
No
First
Aug 3, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$256,020
$215,980
45%
54%
$1,619/mo

City: Magnolia

26156 Red Oak Drive | Property Details | No Agent List