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$501,780

NAL Estimated Property Value

41040 Community Rd, Magnolia, TX, 77354

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,801 Sq Ft
price_per_sqft$304.83 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDouble Oven, Electric Oven, Microwave, Electric Range, Free-Standing Range, Dishwasher, Oven
FlooringTile, Wood

Exterior

Lot Size4.83 acres

Building Information

Year Built2004
Stories2
Roof Type105
Garage Spaces1

Land Information

APN0600-00-02017
SubdivisionWickson Cyrus
Land UseResidential
Legal DescriptionA0600 - WICKSON CYRUS, TRACT 20-B, ACRES 4.8314
Census Tract690403
Assessed Land Value$289,884
Assessed Improvement Value$211,896
Assessment Year2025

About this property

Rare opportunity to acquire 5 unrestricted acres in the heart of Magnolia that your horses will love you for! Tucked away in a pocket off of 1488 & 149 (A minutes drive to the brand new HEB!) This property offer that country feel yet has city convenience. Located on a dead end street with lifelong neighbors, you immediately have a sense of peace. As you enter the property through the gates there is a 100 year old oak tree that shades the front yard. The quality fence work the surrounds the perimeter also accommodates multiple pastures for your 4 legged family members. The 2 story covered front porch home has 3 beds 3 full baths and a floor plan that is highly desirable. The primary bedroom and second bedroom are on the 1st floor and a larger 3rd bedroom with ensuite bath is located on the second floor that could also make the perfect home office. Energy features include a tech shield lined roof and extra insulation. A stone throws away from the highly sought after Magnolia High School!

Investor Tools

Property Icon
$501,780
Estimated Property Value
$350,134Estimated Mortgage Balance
$151,646Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,294 /month
Positive
Cash Flow Estimate:
$1,098 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$838/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,541
$501,780
2025
$289,884
$211,896
$501,780
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,541
$501,780

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Unknown
$373,750
No
First
Dec 9, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$350,134
$151,646
30%
70%
$2,241/mo

City: Magnolia

41040 Community Rd | Property Details | No Agent List