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$226,880

NAL Estimated Property Value

408 Cumberland Forest Drive, Magnolia, TX, 77354

Off MarketInfo
LeaseInfo
Beds3 Beds
Baths2 Bath
Baths1,402 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.28 / sqft
Year BuiltBuilt in 2024

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Range, Dishwasher, Dryer, Refrigerator, Washer
FlooringCarpet, Tile, Vinyl

Building Information

Year Built2024
Stories1
Roof Type105
Garage Spaces2

Land Information

APN7121-15-01000
Lot Number10
SubdivisionMagnolia Ridge 15
Land UseResidential
Legal DescriptionS712115 - MAGNOLIA RIDGE 15, BLOCK 1, LOT 10
Census Tract690300
Assessed Land Value$68,000
Assessed Improvement Value$158,880
Assessment Year2025

About this property

****BETTER THAN NEW & NO REAR NEIGHBORS!****** Quietly nestled on an oversized, cul-de-sac lot in the back of Magnolia Ridge, this charming, barely lived in 3 bedroom, 2 bath home effortlessly blends function and charm. The spacious kitchen is perfect for everyday meals and entertaining alike. The primary suite provides a serene escape with its own ensuite bath, while the additional bedrooms offer versatility for guest, family, a home office and more! Outside you will find a large, oversized lot with no back neighbors, offering privacy and lots of space. With the perfect blend of comfort, character and convenience, this property will welcome you HOME! Refrigerator and washer/dryer included. No additional pet rent required.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$225/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,560
$226,880
2025
$68,000
$158,880
$226,880
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,560
$226,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lendlo Mortgage Llc
Conventional
$203,901
No
First
Jun 21, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$196,891
$29,989
13%
87%
$1,223/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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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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408 Cumberland Forest Drive | Property Details | No Agent List