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$350,000

5503 Teakwood Lane, Magnolia, TX, 77354

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,793 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$195.2 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher, Cooktop
FlooringLaminate, Tile

Exterior

Lot Size20,000 sqft

Building Information

Year Built1999
Stories1
Roof Type105
Garage Spaces2

Land Information

APN9495-03-48200
Lot Number140
SubdivisionWestwood 03
Land UseResidential
Legal DescriptionS949503 - WESTWOOD 03, BLOCK 9, LOT 140
Census Tract690501
Assessed Land Value$80,000
Assessed Improvement Value$275,571
Assessment Year2025

About this property

This beautiful home offers privacy, comfort, and convenience in the peaceful Westwood neighborhood of Magnolia. The spacious split floor plan includes a formal living area, perfect as a flex space, and an open layout connecting the kitchen, breakfast room, and living area, ideal for relaxed gatherings. The cozy living room with a fireplace adds warmth, while the kitchen’s dining space by the window offers natural light and easy access to the back patio. The spacious primary suite features two walk-in closets, a soaking tub, a separate shower, and a bay window. Enjoy direct access to the back patio and a large backyard for outdoor activities. Just minutes from Hwy 249 and TX-99, this home provides easy access to shopping, dining, and entertainment in Tomball and The Woodlands. Westwood is a family-friendly community with parks and highly rated schools. With a long driveway and ample room for entertaining, this home offers both comfort and style. Schedule a showing today to learn more.

Investor Tools

Property Icon
$355,571
Estimated Property Value
$0Estimated Mortgage Balance
$52,269Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,133 /month
Positive
Cash Flow Estimate:
$711 /month

Interested in this property?

Marta Peralta

Keller Williams Realty Metropolitan

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$497/month
$21/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,185
$355,571
2025
$80,000
$275,571
$355,571
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,185
$355,571

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Resmac Inc
Conventional
$327,250
No
First
Jul 8, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$303,302
$52,269
14%
85%
$1,963/mo

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
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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5503 Teakwood Lane | Property Details | No Agent List