B+

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Owner Contacts

$352,356

NAL Estimated Property Value

38738 Yellowstone Drive, Magnolia, TX, 77354

Off Market

4 Beds

3 Bath

2,585 Sq Ft

Single Family Residence

$130.34 / sqft

Built in 2024

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Gas Oven, Microwave, Gas Range, Dishwasher

FlooringCarpet, Tile, Vinyl

Building Information

Year Built2024

Stories2

Roof Type105

Garage Spaces2

Land Information

APN7102-02-01900

Lot Number19

SubdivisionMagnolia Place 02

Land UseResidential Single Family

Legal DescriptionS710202 - MAGNOLIA PLACE 02, BLOCK 1, LOT 19

Census Tract690405

Assessed Land Value$68,000

Assessed Improvement Value$284,356

Assessment Year2025

About this property

Welcome to the boutique community of MAGNOLIA PLACE by Meritage Homes located in the Magnolia Independent School District. With modern living and energy-efficient design, The Winedale floorplan features a spacious layout, an expansive backyard with a covered patio and is truly perfect for a large pool. The Gourmet kitchen features a large island with pendant lighting, 42" pebble cabinets, white/grey granite countertops, tile backsplash, 4-burner gas range, and a huge walk-in pantry. Stainless steel appliances, refrigerator, washer and dryer included. Innovative energy-efficient features include a tankless water heater, spray foam insulation, 16-SEER HVAC system, Indoor airPlus Certification, PEX Plumbing, and several SMART home features. Conveniently located near Spur 149 and FM-1488, with HEB at the front of the neighborhood and shopping/restaurants nearby. MAGNOLIA PLACE combines comfort and convenience for the perfect home and also has a desirable low tax rate.

Investor Tools

$352,356

Estimated Property Value

$310,111Estimated Mortgage Balance

$42,245Estimated Equity

11% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,114 /month

Positive

Cash Flow Estimate:

$705 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$242/month

$1,000/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,148

$352,356

2025

$68,000

$284,356

$352,356

Tax History

Year

Tax Paid

Assessed Value

2024

$1,148

$352,356

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Loandepot.Com Llc

Fha

$319,113

Yes

First

Oct 23, 2024

Nov 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$310,111

$42,245

11%

88%

$1,914/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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