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$699,990

40203 Cimarron Way, Magnolia, TX, 77354

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths4 Bath
Baths3,243 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$215.85 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Gas Oven, Gas Range, Dishwasher, Refrigerator
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size1.67 acres

Building Information

Year Built1994
Stories3
Roof Type105
Garage Spaces3

Land Information

APN3410-00-15500
Lot Number155
SubdivisionCimarron Country
Land UseResidential
Legal DescriptionCIMARRON COUNTRY, LOT 155, ACRES 1.670
Census Tract690404
Assessed Land Value$132,040
Assessed Improvement Value$346,275
Assessment Year2025

About this property

Fully reimagined modern farmhouse on 1.67 private acres in Cimarron Country, where horses are welcome. This 3,243 SF studs-out renovation delivers true new-construction quality: new roof, HVAC, electrical, plumbing, wide-plank flooring, and designer lighting throughout. Soaring 20-ft ceilings crown the kitchen and living room, anchored by a linear fireplace, floating steel staircase, and a waterfall quartz island with custom cabinetry and walk-in pantry. Two primary suites give this home rare flexibility: a first-floor primary with spa bath and custom walk-in closet with built-in drawers, plus a third-floor retreat with soaking tub, frameless glass shower, walk-in closet, and private covered balcony. Two secondary bedrooms up share a full bath, with utility room nearby. Refrigerator stays. Detached 3-4 car garage includes a finished bonus room, ideal for a gym, office, or workshop. Magnolia ISD, low tax rate, no MUD, and yes, one horse or cow is allowed.

Investor Tools

$744,202Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,200 /month
Positive
Cash Flow Estimate:
$1,400 /month

Interested in this property?

Yvonne Pruneda

Nan & Company Properties - Corporate Office (Heights)

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$629/month
$150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,490
$402,627
2025
$132,040
$346,275
$478,315
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,490
$402,627

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Tejas Flipco Financial Llc
Commercial
$375,930
No
First
Dec 16, 2025
Jun 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$744,202
N/A
0%
122%
$4,508/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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