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$280,000

NAL Estimated Property Value

40438 Basalt Elm Road, Magnolia, TX, 77354

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,665 Sq Ft
price_per_sqft$170.56 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Microwave, Gas Cooktop, Dishwasher, Oven
FlooringCarpet, Vinyl

Exterior

Lot Size7,165 sqft

Building Information

Year Built2023
Stories1
Garage Spaces2

Land Information

APN7148-04-11600
Lot Number10
SubdivisionMill Creek
Land UseResidential
Legal DescriptionS714804 - MILL CREEK ESTATES 04, BLOCK 6, LOT 10
Census Tract694603
Assessed Land Value$50,000
Assessed Improvement Value$224,629
Assessment Year2025

About this property

OVERSIZED CORNER LOT!!Exceptional Open Concept 4 bedroom home!! Features Include Open Concept living w/large dining room open to family room & kitchen! Primary bathroom suite offers huge walk in closet! Features include 30" Flat panel maple cabinets w/crown molding, exotic granite, 4 burner gas cooktop w/SS appliances, tile wall surrounds in bathrooms, smart home system, full sprinklers, front & back sod, fully front landscape, tankless water heater, LED lighting and more! Large covered patio overlooks the private backyard! Mill Creek Offers 50' wide lots! Call us today to schedule your showing!

Investor Tools

Property Icon
$280,000
Estimated Property Value
$258,575Estimated Mortgage Balance
$21,425Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,704 /month
Positive
Cash Flow Estimate:
$568 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$514/month
$750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,772
$274,629
2025
$50,000
$224,629
$274,629
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,772
$274,629

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Fha
$269,527
Yes
First
Feb 29, 2024
Mar 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$258,575
$21,425
7%
92%
$1,616/mo

City: Magnolia

40438 Basalt Elm Road | Property Details | No Agent List