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$1,121,000

28612 Champions Dr, Magnolia, TX, 77355

Off Market

5 Beds

3 Bath

4,574 Sq Ft

Single Family Residence

$120.24 / sqft

Built in 2003

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Refrigerator, Microwave, Gas Range, Convection Oven, Double Oven, ENERGY STAR Qualified Appliances

FlooringCarpet

Exterior

Exterior FeaturesBalcony

Lot Size1.00 acres

Building Information

Year Built2003

Stories2

Roof Type105

Garage Spaces2

Land Information

APN5799-11-02800

Lot Number1

SubdivisionHigh Meadow Ranch 11

Land UseResidential

Legal DescriptionHIGH MEADOW RANCH 11, BLOCK 2, LOT 1

Census Tract690205

Assessed Land Value$175,175

Assessed Improvement Value$760,825

Assessment Year2025

About this property

MOTIVATED SELLER!! Gorgeous 5 bedroom home on High Meadow Ranch Golf Course! This home is great for entertaining or large families! Floor plan includes a large family room with wall of windows, study tucked away so it can be a true working study! Formal dining room, Large island kitchen that opens to the family room w/ some new appliances, white cabinets & updated granite counter tops! Dual staircases that lead to a large game room with balcony overlooking golf course! Large computer work station with built ins, separate large room that is great Christmas storage or current owner uses as a sewing/craft/quilting room! 4 full bedrooms with large walk in closets plus 2 full baths! Tons of recent updates : A/C and heating with solar tubes and included duct work! Roof 2015, Gutter Guards, Carpet 2015, Interior/exterior paint 2017, Water heaters 2015, water softener 2015. Owner reworked and resurfaced fireplace 2016 to match new interior decor! One bedroom up has wood floors WOW!

Investor Tools

$1,121,000

Estimated Property Value

$436,000Estimated Mortgage Balance

$734,435Estimated Equity

61% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$6,726 /month

Positive

Cash Flow Estimate:

$2,242 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,346/month

$629/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$10,551

$850,449

2025

$175,175

$760,825

$936,000

Tax History

Year

Tax Paid

Assessed Value

2024

$10,551

$850,449

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Gateway First Bank

Conventional

$436,000

First

Jul 23, 2020

Aug 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$386,565

$564,435

59%

34%

$2,615/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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