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$298,000

NAL Estimated Property Value

40611 Pine Spruce Lane, Magnolia, TX, 77354

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,909 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$155.31 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Microwave, Gas Range, Dishwasher, Oven
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size6,444 sqft

Building Information

Year Built2024
Stories1
Roof Type105
Garage Spaces2

Land Information

APN7148-04-00300
Lot Number3
SubdivisionMill Creek
Land UseVacant Land
Legal DescriptionS714804 - MILL CREEK ESTATES 04, BLOCK 1, LOT 3
Census Tract694603
Assessed Land Value$50,000
Assessed Improvement Value$245,648
Assessment Year2025

About this property

TAKE ADVANTAGE of this NEW HOME OPPORTUNITY -- located in the new MILL CREEK community just minutes from the Aggie Expressway/Hwy 249 and easy access to shopping & dining. Zoned for MAGNLOLIA ISD schools! Community offers swimming pool, park, splashpad, and more! This 4 bed, 2 bath DR HORTON home features an open layout with modern ISLAND kitchen open to breakfast room and easy flow into family room. QUARTZ countertops, gray shaker style cabinetry, breakfast bar, & s/s appliances. Vinyl wood floors through main living areas. Spacious secondary bedrooms, primary retreat w/ dual vanities, large shower, and walk-in closet. Smart home package, Tankless water heater, fully sodded yard, and full sprinkler system. Covered back patio and much more!! This community will be selling fast!!

Investor Tools

Property Icon
$298,000
Estimated Property Value
$276,470Estimated Mortgage Balance
$21,530Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,788 /month
Positive
Cash Flow Estimate:
$596 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$227/month
$750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,229
$295,648
2025
$50,000
$245,648
$295,648
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,229
$295,648

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Conventional
$285,399
No
First
Aug 30, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$276,470
$21,530
7%
93%
$1,712/mo

City: Magnolia

40611 Pine Spruce Lane | Property Details | No Agent List