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Owner Contacts

$359,000

NAL Estimated Property Value

414 Fairbanks Dr, Magnolia, TX, 77354

Off Market

3 Beds

2 Bath

1,720 Sq Ft

Single Family Residence

$241.28 / sqft

Built in 1995

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Gas Range, Dishwasher

FlooringCarpet, Tile, Vinyl

Exterior

Lot Size20,000 sqft

Building Information

Year Built1995

Stories1

Roof Type105

Garage Spaces2

Land Information

APN9495-03-70100

Lot Number28

SubdivisionWestwood 03

Land UseResidential

Legal DescriptionWESTWOOD 03, BLOCK 14, LOT 28

Census Tract690501

Assessed Land Value$80,000

Assessed Improvement Value$276,536

Assessment Year2025

About this property

Lovely 3 bed/2 bath home in Westwood on large 20k sqft lot!The beautiful brick exterior, large front porch & long driveway greet you the moment you arrive.Recent updates include, new roof/gutters, LVP flooring in common areas, kitchen & secondary bath, new 5" baseboards in common areas, new direct vent gas log fireplace.Fresh paint throughout. The kitchen has been beautifully updated with quartz counters/back splash, new sink & faucet, light fixtures, new dishwasher & microwave, large center island, freshly painted cabinets & recessed lighting.18 Kw Generac generator installed in '21 as well as two 330-gallon propane tanks.Pella storm door & Pella windows installed in the front of the home in '21.Spacious primary suite offers new carpet, his/hers closets, soaking tub, walk-in shower & double vanity. Enjoy the newly added indoor laundry room (previously located in the garage) New 16x16 covered patio overlooking the spacious backyard with storage shed & new fence.Low tax rate,NO MUD tax!

Investor Tools

$359,000

Estimated Property Value

$385,193Estimated Mortgage Balance

$0Estimated Equity

0% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,490 /month

Positive

Cash Flow Estimate:

$830 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$456/month

$250/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,677

$348,456

2025

$80,000

$276,536

$356,536

Tax History

Year

Tax Paid

Assessed Value

2024

$3,677

$348,456

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

United Wholesale Mortgage

Conventional

$393,300

First

Mar 20, 2025

Apr 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$385,193

N/A

107%

$2,359/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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