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Owner Contacts

$1,012,000

38053 Windy Ridge Trl, Magnolia, TX, 77355

$1,071,576 ARV

Off Market

4 Beds

4 Bath

4,573 Sq Ft

Single Family Residence

$202.27 / sqft

Built in 2003

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesWater Heater, Disposal, Convection Oven, Double Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator, Water Purifier

FlooringLaminate, Tile, Wood

Exterior

Lot Size2.19 acres

Building Information

Year Built2003

Stories1

Roof Type105

Garage Spaces3

Land Information

APN5799-12-08500

Lot Number85

SubdivisionHigh Meadow Ranch 12

Land UseResidential

Legal DescriptionHIGH MEADOW RANCH 12, BLOCK 1, LOT 85

Census Tract690205

Assessed Land Value$257,440

Assessed Improvement Value$677,560

Assessment Year2025

About this property

Amazing 1 story home that owner has updated throughout! 4 beds/ 3.5 bath home w/oversized 3 car garage + a porte-cochere & circular drive! Horses are allowed in this section! You may also have a Shop/barn w/ ACC approval! Large corner wooded lot in the beautiful neighborhood of High Meadow Ranch! Owner has replace all the wood floors thru out the house! Wood thru out except bathrooms, laundry & large walk in pantry! Kitchen has stainless appliances all replaced in the last few years! Upgraded granite, all new cabinets, double convection oven, 6 burner gas grill w/ griddle, wine frig!Cabinets have under counter lighting & glass fronts on some upper that also have lighting! Primary bathroom has been remodeled w/ commercial grade vinyl floors, seamless glass showers, lighting & fixtures as well! PLANTATION SHUTTERS & WHOLE HOUSE GENERATOR! Beautiful half bath for guest w/custom ceiling treatment! Backyard has wrought iron fencing! HMR Golf Course - golf cart ride away! Easy access to 249!

Investor Tools

$1,012,000

Estimated Property Value

$500,000Estimated Mortgage Balance

$551,976Estimated Equity

51% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$1,071,575

Rent-to-Value Ratio: 0.72%

Rent Estimate

$6,072 /month

Positive

Cash Flow Estimate:

$2,024 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,467/month

$738/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$12,538

$935,000

2025

$257,440

$677,560

$935,000

Tax History

Year

Tax Paid

Assessed Value

2024

$12,538

$935,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Legend Lending Corp

Conventional

$500,000

First

Feb 16, 2022

Mar 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$460,024

$526,976

53%

45%

$2,998/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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