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$755,000

41576 Mill Creek Rd, Magnolia, TX, 77354

PendingInfo
Beds5 Beds
Baths3 Bath
Baths2,400 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$314.58 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher
FlooringVinyl

Exterior

Lot Size2.60 acres

Building Information

Year Built2019
Stories1
Roof Type105
Garage Spaces6

Land Information

APN7170-02-03600
Lot Number23
SubdivisionMill Creek
Land UseResidential
Legal DescriptionMILL CREEK LANDING 02, BLOCK 2, LOT 23, ACRES 2.600
Census Tract694603
Assessed Land Value$74,750
Assessed Improvement Value$563,907
Assessment Year2025

About this property

Experience the perfect blend of country living and modern convenience on this exceptional 2.6 acre property located just 3 miles from SH 249. The main home offers 3 bedrooms, 2 bathrooms, a dedicated office, and a thoughtfully designed open-concept floor plan. Custom built-ins, surround sound in the living room, spacious bedrooms, and abundant natural light create a warm and inviting atmosphere throughout. A standout feature of this property is the impressive 40' x 55' three-bay shop with a 20' gable extension. Inside, you'll find a beautifully finished 1,200-square-foot barndominium guest home—perfect for multigenerational living, guests, or rental income. Even with the guest quarters, approximately 25' x 40' of shop space remains. Step outside to enjoy the property's rural charm, featuring a small animal pen, covered hay shed, and an expansive 40' x 20' covered back porch ready for your personal vision.

Investor Tools

$57,339Estimated Mortgage Balance
$480,349Estimated Equity
89% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,530 /month
Positive
Cash Flow Estimate:
$1,510 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$751/month
$129/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,318
$537,688
2025
$74,750
$563,907
$638,657
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$6,318
$537,688

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gary Arrington Etux
Unknown
$68,000
No
First
Oct 12, 2018
Nov 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$57,339
$480,349
89%
11%
$408/mo

City: Magnolia

41576 Mill Creek Rd | Property Details | No Agent List