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$594,000

NAL Estimated Property Value

28514 Diamond Creek Dr, Magnolia, TX, 77355

$619,158 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,745 Sq Ft
price_per_sqft$222.95 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee Owner

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, Double Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesOutdoor Kitchen
Lot Size1.40 acres

Building Information

Year Built2003
Stories1
Roof Type105
Garage Spaces3

Land Information

APN6146-02-09100
Lot Number2
SubdivisionIndigo Lake Estates
Land UseResidential
Legal DescriptionS614602 - INDIGO LAKE ESTATES 02, BLOCK 3, LOT 2
Census Tract690204
Assessed Land Value$77,000
Assessed Improvement Value$545,774
Assessment Year2025

About this property

Perfect for those seeking a quiet country lifestyle but on smaller acreage, this one story brick home sits on 1.4 acres in Indigo Lake Estates. Attached is a air conditioned 3 car garage-no more sweltering in the summer heat while working on projects! The kitchen is a cook's delight w/ granite ctrs, double ovens, 5 burner gas stove plus 27 drawers w/ 30 cabinets (all with pull out's), new dishwasher (2025) & refrigerator stays! Right off the entry & open to the family room is the game room with pool table for easy entertaining & down the hall is the Study. Family room has floor to ceiling stone fireplace w/ gas logs, built-in's on both sides, & throughout home is something extra-fire prevention sprinkler heads in the ceilings! Primary suite has trayed ceiling, wood flrs, oversized shower, 2 closets, dual sinks & hamper cabinet opens to utility room. Unfinished bonus room in attic at top of stairs! Outside is a 21x10 covered patio & outdoor kitchen. No MUD tax. Low tax rate of 1.6

Investor Tools

Property Icon
$594,000
Estimated Property Value
$955,388Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$619,157
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,672 /month
Positive
Cash Flow Estimate:
$1,224 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$560/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,753
$564,816
2025
$77,000
$545,774
$622,774
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,753
$564,816

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$487,000
No
First
Apr 9, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$955,388
N/A
0%
161%
$5,840/mo

Learn About the Market: Opportunity in Texas

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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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28514 Diamond Creek Dr | Property Details | No Agent List