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B+
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Days66Days on Market
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$549,900

40607 Mill Creek Road, Magnolia, TX, 77354

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,916 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$287 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Free-Standing Range, Dishwasher, Dryer, Oven, Refrigerator, Washer
FlooringCarpet, Tile

Exterior

Lot Size2.30 acres

Building Information

Year Built2003
Stories1
Roof Type105
Garage Spaces4

Land Information

APN7170-00-02605
Lot Number12-B
SubdivisionMill Creek
Land UseResidential
Legal DescriptionMILL CREEK LANDING 01, BLOCK 3, LOT 12-B, ACRES 2.300
Census Tract694603
Assessed Land Value$49,594
Assessed Improvement Value$408,555
Assessment Year2025

About this property

Stunning one-story home set on 2.3+/- wooded acres gives you a private country feel but is just minutes to local shopping/dining and major freeways. A double-gated circular driveway leads you to the home with over $200K in upgrades including a recent roof, HVAC, fencing , 14-zoned sprinkler sys., full gutters, indoor audio sys., window tinting & more! This open floor plan has a formal dining room, family room w/wood-burning fireplace and opens to the kitchen & breakfast room with a breakfast bar, pendant lighting, Quartz counters and S/S appliances including the refrigerator. Nearby laundry room has a half bath & W/D stay with the home. Primary suite and bath have a Quartz vanity, dual sinks, shower and 2 walk-in closets. Secondary bedrooms have access to the second bath. Amazing outdoor living features a vaulted 1,200 SqFt covered paved patio, pergola, fire pit area and flagstone pathways surrounded by mature greenery. Completing the property is a 4-car garage with epoxy flooring.

Investor Tools

$457,612Estimated Mortgage Balance
$107,388Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,390 /month
Positive
Cash Flow Estimate:
$1,130 /month

Interested in this property?

Lizz Sansone

The Agency Houston Sugar Land

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$503/month
$240/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,213
$458,149
2025
$49,594
$408,555
$458,149
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,213
$458,149

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Michigan Mutual Inc
Fha
$476,215
Yes
First
Apr 30, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$457,612
$107,388
19%
81%
$2,856/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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40607 Mill Creek Road | Property Details | No Agent List