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$474,000

NAL Estimated Property Value

26432 Fm 2978 Rd, Magnolia, TX, 77354

$616,200 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,600 Sq Ft
price_per_sqft$186.11 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Gas Oven, Microwave, Electric Cooktop, Dishwasher

Exterior

Lot Size1.54 acres

Building Information

Year Built1990
Stories1
Roof Type112

Land Information

APN0027-01-02812
SubdivisionMiller Joseph
Land UseResidential
Legal DescriptionA0027 MILLER JOSEPH, TRACT 28D-1, ACRES 1.539
Census Tract690603
Assessed Land Value$115,641
Assessed Improvement Value$51,413
Assessment Year2025

About this property

Spacious 4 bedroom, 3 bathroom home located in the heart of Magnolia. This property offers a functional layout with plenty of room for living and entertaining. The kitchen opens to the main living area, and all bedrooms provide ample space and storage. Sitting on a generously sized lot with road frontage on Huffsmith Conroe, the property also offers potential for future commercial development. Conveniently located with easy access to nearby shopping, schools, and dining. A great opportunity for residential use now, with options for investment down the road. There is an adjoining property with lease/storage income also for sale with additional investment opportunity - see MLS# 38555619 for more details .All showings will be accompanied by seller. The adjacent property MLS # 63238850 An additional 5 acre neighboring tract is also for sale if interested. A total of approximately8 total. acres. Please contact me for more details.is also for sale by same owner.

Investor Tools

Property Icon
$474,000
Estimated Property Value
$0Estimated Mortgage Balance
$474,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$616,200
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,020 /month
Positive
Cash Flow Estimate:
$1,340 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$406/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,499
$167,054
2025
$115,641
$51,413
$167,054
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,499
$167,054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$403,000
100%
0%
$0/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.

Explore Texas Explore This Area
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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26432 Fm 2978 Rd | Property Details | No Agent List