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$1,810,000

NAL Estimated Property Value

31026 Johlke Rd, Magnolia, TX, 77355

Off MarketInfo
Beds5 Beds
Baths7 Bath
Baths7,620 Sq Ft
price_per_sqft$308.4 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

BankruptcyAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Ice Maker, Dryer Included, Refrigerator Included, Washer Included, Double Oven, Gas Oven, Microwave, Electric Cooktop, Gas Cooktop, Dishwasher
FlooringCarpet, Concrete, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBack Green Space, Balcony, Private Tennis Court, Side Yard, Sprinkler System, Boat Slip
Lot Size13.52 acres

Building Information

Year Built1996
Stories2
Roof Type105
Garage Spaces4

Land Information

APN6911-00-01600
Lot Number7-C,8
SubdivisionLexington Acres
Land UseResidential
Legal DescriptionS691100 - LEXINGTON ESTATES, BLOCK 2, LOT 7-C, 8, 9-A, ACRES 13.5177
Census Tract690207
Assessed Land Value$122,484
Assessed Improvement Value$1,401,516
Assessment Year2025

About this property

Have you ever dreamed of living on your own personal oasis? Welcome to the Red Brick Retreat, where your dreams come to life! This unique acreage property combines luxurious living, a stunning modern pool, fishing, horseback riding, hunting, RV hook-ups and income-generating opportunities. The Red Brick Retreat is move-in ready including extensive updates: pool, travertine patio, windows, flooring, paint, fixtures and more. This estate features mature trees, lighted pickleball and basketball courts, two stocked ponds with a sandy beach, dock, jumping platform, rope swing and slide. This incredible property also offers two apartments (a two bedroom and a studio) with elevator access for multi-generational living, guests or rental use. Where else can you have all this 10 minutes from shopping and dining? To truly understand and appreciate the phenomenal property, you must experience The Red Brick Retreat in person!

Investor Tools

Property Icon
$1,810,000
Estimated Property Value
$0Estimated Mortgage Balance
$352,103Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$14,100 /month
Positive
Cash Flow Estimate:
$4,700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,686/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$23,179
$1,524,000
2025
$122,484
$1,401,516
$1,524,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$23,179
$1,524,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,832,000
100%
0%
$0/mo

City: Magnolia

31026 Johlke Rd | Property Details | No Agent List