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Owner Contacts

$658,845

NAL Estimated Property Value

40602 Lacey Wood Court, Magnolia, TX, 77354

Off Market

4 Beds

4 Bath

3,131 Sq Ft

$279.46 / sqft

Built in 2015

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Double Oven, Electric Oven, Microwave, Electric Cooktop, Dishwasher

FlooringCarpet, Tile, Vinyl

Exterior

Private Pool

Exterior FeaturesOutdoor Kitchen

Lot Size1.61 acres

Building Information

Year Built2015

Stories2

Roof Type105

Garage Spaces2

Land Information

APN8389-00-10400

Lot Number43

SubdivisionRolling Forest

Land UseResidential

Legal DescriptionROLLING FOREST, BLOCK 3, LOT 43, ACRES 1.606

Census Tract694603

Assessed Land Value$128,800

Assessed Improvement Value$571,200

Assessment Year2025

About this property

RARE OPPORTUNITY to own a private 1.6-acre cul-de-sac retreat surrounded by mature trees, where luxury, privacy, and outdoor living come together. This beautifully updated 4-bedroom, 3.5-bath home offers 3,131 sqft, a 3-car garage, new vinyl wood flooring, new carpet, and fresh paint throughout. The home features expansive living areas and a thoughtfully designed layout. The primary suite offers a serene retreat overlooking the backyard. Designed for exceptional indoor-outdoor living, the resort-style backyard is truly a dream. Enjoy a sparkling pool, hot tub off the primary suite, fire pit and an incredible outdoor culinary kitchen featuring a fireplace, wood-fired pizza oven, pellet smoker, grill, griddle, sink and expansive stone entertaining area. Just minutes from H-E-B, dining, shopping, The Woodlands, a short drive to Lake Conroe and zoned to top-rated schools. Homes with this level of privacy, land, and lifestyle rarely become available, you must see it! NO MUD TAX AND LOW HOA.

Investor Tools

$658,845

Estimated Property Value

$75,633Estimated Mortgage Balance

$583,212Estimated Equity

88% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,250 /month

Positive

Cash Flow Estimate:

$1,750 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$938/month

$244/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$7,957

$658,845

2025

$128,800

$571,200

$700,000

Tax History

Year

Tax Paid

Assessed Value

2024

$7,957

$658,845

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Frank Fannin Etal

Seller Carryback / Seller Financing / Seller Take-Back

$96,000

First

May 26, 2016

Jun 2031

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$75,633

$583,212

88%

11%

$576/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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