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$750,000

30906 Walnut Creek Rd, Magnolia, TX, 77355

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,488 Sq Ft
price_per_sqft$301.45 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Microwave, Electric Range, Dishwasher
FlooringVinyl

Exterior

Lot Size5.01 acres

Building Information

Year Built1972
Stories1
Roof Type105
Garage Spaces2

Land Information

APN9274-00-00205
Lot Number2
SubdivisionTomball Land & Inv Co
Land UseResidential
Legal DescriptionS927400 - TOMBALL LAND & INV CO, LOT 2, ACRES 5.01
Census Tract690102
Assessed Land Value$125,250
Assessed Improvement Value$74,750
Assessment Year2025

About this property

Discover endless possibilities with this unrestricted 5-acre property in one of Magnolia's fastest-developing areas. Whether you're looking for a live-work setup, small business location, or a peaceful country home, this property delivers. The beautifully updated 2,488 sq ft home features a spacious open-concept floor plan, highlighted by soaring 14-foot vaulted ceilings in the kitchen and living room. At the heart of the home is a stunning 5' x 8' oversized island, surrounded by custom solid wood shaker cabinets, leathered granite countertops, a walk-in pantry, and luxury vinyl plank flooring throughout. French doors to a 33' x 25' concrete patio. The carport offers ample storage, while a 30-amp RV plug adds convenience. With easy access to FM 2920 and 99, this location is ideal for a variety of uses, including a daycare, senior living facility, business, or horse property. A 3-stall barn with concrete flooring for equipment or inventory storage for your business or warehouses.

Investor Tools

$68,229Estimated Mortgage Balance
$674,032Estimated Equity
90% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /month

Interested in this property?

Katie Gaffigan

Segue Real Estate Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$477/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,018
$200,000
2025
$125,250
$74,750
$200,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,018
$200,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primeway Fcu
Commercial
$75,000
No
First
Aug 13, 2021
Sep 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$68,229
$673,771
90%
9%
$450/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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30906 Walnut Creek Rd | Property Details | No Agent List