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$196,000

30806 B Kate Drive, Magnolia, TX, 77355

Off MarketInfo
Baths0 Bath
Baths1,620 Sq Ft

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size14,000 sqft

Building Information

Year Built1995
Stories1

Land Information

APN0005-00-02306
SubdivisionBrown Soloman
Land UseResidential
Legal DescriptionA0005 - BROWN SOLOMAN, TRACT 23-F, SERIAL # 12319249A, TITLE # 00080546, LABEL # TEX0501608, ACRES 0.3214
Census Tract690102
Assessed Land Value$28,926
Assessed Improvement Value$19,690
Assessment Year2025

About this property

2 Lightly Restricted Build Ready Acres in Magnolia, Truly a Rare Find!! This 2 Acre tract currently has a small 24x20, 1 Bedroom/1 Bathroom Cabin with a Metal Roof, Propane Heat, has its own Electric meter with a 83½ ft. Easement and has HMW Community Water. Additional storage space with a 12x15 Covered Shed and an 8x12 Work Shed. Buyer will be need to install a new septic system & new water meter. Property is Being Sold As-Is! No HOA Fees! Low Taxes! FFA Projects Allowed w/ a Max of 3 Large Animals! No Pigs Allowed, Only Cows, Horses, Lambs, Goats, Chickens, Rabbits, etc... Zoned to Magnolia ISD! All Docs & Maps are attached to the listing. All Realtors Must be Present During Showings, Property is Tenant Occupied!! Must Be This won't last long, so HURRY & Schedule a Showing Today! ** Seller has requested to Meet All Potential Buyers ** Only Single Family New Construction Homes or Double Wide Mobile Homes Allowed - NO SINGLE WIDE HOMES ALLOWED **

Investor Tools

Property Icon
$196,000
Estimated Property Value
$0Estimated Mortgage Balance
$173,063Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,176 /month
Positive
Cash Flow Estimate:
$392 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$82/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7
$48,616
2025
$28,926
$19,690
$48,616
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7
$48,616

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$26,250
No
First
Dec 6, 2019
Dec 2034

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$22,937
$173,063
88%
12%
$158/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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30806 B Kate Drive | Property Details | No Agent List