B+

NoAgentList RatingHow are grades calculated?

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Owner Contacts

$324,000

NAL Estimated Property Value

7415 Wedgewood Dr, Magnolia, TX, 77354

Off Market

3 Beds

2 Bath

1,685 Sq Ft

Single Family Residence

$207.72 / sqft

Built in 1997

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Electric Oven, Microwave, Dishwasher

FlooringCarpet, Tile

Exterior

Lot Size20,000 sqft

Building Information

Year Built1997

Stories1

Roof Type105

Garage Spaces3

Land Information

APN9495-02-27900

Lot Number8

SubdivisionWestwood 02

Land UseResidential

Legal DescriptionWESTWOOD 02, BLOCK 9, LOT 8

Census Tract690406

Assessed Land Value$80,000

Assessed Improvement Value$240,000

Assessment Year2025

About this property

Welcome home to this beautifully updated Westwood gem, situated on almost half an acre! The kitchen features newly painted cabinets, quartz countertops, a new single basin sink, stainless steel appliances & plentiful storage. The primary retreat includes a high ceiling, dual vanities, showcasing newly painted cabinets & quartz countertops, with a generous walk-in closet. This split plan offers 2 secondary bedrooms w/ an updated bath. Step outside to see a new covered gazebo, a storage shed & an enormous backyard with room for a pool! Enjoy your oversized garage, extra wide driveway, & welcome wildlife, providing that country feel. House painted with new tile & carpet installed Feb 2023, new roof & gutters 2021, A/C & windows replaced 2016. Enjoy this community featuring 2 pools, 2 parks, a pavilion, several tennis/pickleball courts, & basketball courts too. Conveniently located near The Woodlands & minutes from Lake Conroe. Zoned to Magnolia ISD, low HOA, low tax rate & no MUD!

Investor Tools

$324,000

Estimated Property Value

$623,806Estimated 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

$2,100 /month

Positive

Cash Flow Estimate:

$700 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$590/month

$228/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,460

$320,000

2025

$80,000

$240,000

$320,000

Tax History

Year

Tax Paid

Assessed Value

2024

$5,460

$320,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

United Wholesale Mortgage

Unknown

$331,200

First

Mar 27, 2023

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$623,806

N/A

193%

$3,972/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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