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$518,000

NAL Estimated Property Value

289 Pelican St, Magnolia, TX, 77355

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,661 Sq Ft
price_per_sqft$300.42 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Electric Range, Dishwasher
FlooringLaminate, Tile

Exterior

Lot Size2.36 acres

Building Information

Year Built2007
Stories1
Roof Type105
Garage Spaces3

Land Information

APN3415-11-14300
Lot Number23
SubdivisionClear Creek
Land UseResidential Single Family
Legal DescriptionS341511 - CLEAR CREEK FOREST 11, BLOCK 8, LOT 23,24, ACRES 2.3637
Census Tract690101
Assessed Land Value$102,962
Assessed Improvement Value$396,565
Assessment Year2025

About this property

Amazing Opportunity in Clear Creek Forest! Experience peaceful country living on 2.3 wooded acres — Home never flooded! This sought-after neighborhood offers the perfect blend of privacy and community. Step inside to find an open and bright floor plan with plenty of space both indoors and out. The large kitchen features an island, Silestone countertops, and a farmhouse sink, adding a charming country touch. Built with energy efficiency in mind, the home showcases laminate and tile flooring throughout for easy maintenance. Enjoy over 1,000 sq. ft. of covered patio space, perfect for relaxing or entertaining. The property is fully fenced with a driveway gate, carport, and a hot tub that stays! ? Don’t let this one pass you by — it’s the perfect blend of comfort, charm, and country living!

Investor Tools

Property Icon
$518,000
Estimated Property Value
$289,455Estimated Mortgage Balance
$228,545Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,108 /month
Positive
Cash Flow Estimate:
$1,036 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$660/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,324
$464,277
2025
$102,962
$396,565
$499,527
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,324
$464,277

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lower Llc
Conventional
$292,000
No
First
Nov 24, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$289,455
$226,545
43%
56%
$1,751/mo

City: Magnolia

289 Pelican St | Property Details | No Agent List