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$332,813

NAL Estimated Property Value

324 Magnolia Dr, Princeton, TX, 75407

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,169 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$145.23 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size7,785 sqft

Building Information

Year Built2016
Stories2
Garage Spaces2

Land Information

APNR-10921-00R-0110-1
Lot Number11
SubdivisionCypress Bend No 2 (Cpn)
Land UseResidential
Legal DescriptionCYPRESS BEND NO 2 (CPN), BLK R, LOT 11
Census Tract031007
Assessed Land Value$104,500
Assessed Improvement Value$228,313
Assessment Year2025

About this property

Welcome to 324 Magnolia Drive, a beautifully maintained 4-bedroom, 2.5-bath home nestled in the heart of Princeton that features a functional open-concept layout ideal for comfortable living. The main living area showcases updated luxury vinyl plank flooring and fresh paint, flowing seamlessly into a bright kitchen and dining space. The kitchen is equipped with granite countertops, an oversized walk-in pantry, and a breakfast bar, offering the perfect blend of form and function. Just steps away, a cozy breakfast nook provides a sunlit spot ideal for morning coffee, casual meals, or a quiet moment with your favorite book. Downstairs, the private suite includes a spacious bedroom with bay windows, updated carpet, and a large walk-in closet. The en-suite bathroom has been fully refreshed with an oversized walk-in shower and updated vanity. Upstairs, three additional bedrooms and a full bathroom offer versatile space - ideal for creating personalized retreats, study zones, or play and relaxation areas tucked away from the main living spaces. Step outside to a fully fenced backyard featuring an open deck and an above-ground pool with an updated liner and valve. Prefer a blank canvas? The seller is open to removing the pool upon request. This home also includes 21 Tesla solar panels installed in 2022 that will be paid off at closing, providing immediate energy efficiency and long-term savings. Located in the Cypress Bend community, residents enjoy access to amenities such as a park, playground, basketball courts, walking trails, and more - all with low annual HOA dues. The location offers quick access to shopping, dining, and recreation, including Lake Lavon's Tickey Creek Park and the boutique shops and seasonal markets of Historic Downtown Princeton. Whether you're searching for a primary residence or an investment opportunity, 324 Magnolia Drive combines value and convenience in one move-in-ready package. No MUD or PID.

Investor Tools

Property Icon
$332,813
Estimated Property Value
$180,596Estimated Mortgage Balance
$152,217Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,997 /month
Positive
Cash Flow Estimate:
$666 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$562/month
$331/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,084
$332,813
2025
$104,500
$228,313
$332,813
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,084
$332,813

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amwest Funding Corp
Conventional
$183,000
No
First
Aug 14, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$180,596
$152,217
45%
54%
$1,098/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,810/mo
$1,429/mo
+$1,381/mo
10.1%

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.

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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: Princeton

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324 Magnolia Dr | Property Details | No Agent List