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$370,954

803 Placid Lake Ln, Magnolia, TX, 77354

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,698 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$206.12 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Oven, Microwave, Electric Cooktop, Dishwasher, Dryer, Refrigerator, Washer
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size1.73 acres

Building Information

Year Built1978
Stories1
Roof Type105
Garage Spaces2

Land Information

APN4040-02-01600
Lot Number16
SubdivisionDogwood Patches 02
Land UseResidential
Legal DescriptionS404002 - DOGWOOD PATCHES 02, BLOCK 1, LOT 16,17, ACRES 1.73
Census Tract690300
Assessed Land Value$155,700
Assessed Improvement Value$215,254
Assessment Year2025

About this property

Peaceful, country living on 1.73 acres with many exciting amenities nearby for comfort & convenience. This property is a canvas ready for fresh paint to make this your forever home, your way! Imagine creating memories under a canopy of towering, mature trees, a fenced back yard for Fido, with a gate leading to a greenbelt complete with, every (big or little) kid's dream: a trickling creek offering endless adventure! Inside discover a formal dining room, kitchen with counter seating, a family room with a view, spacious bedrooms, a roomy laundry area & much desired storage closets. Bonuses: a garage with workspace, large covered back patio, inviting front porch with plenty of outdoor space for the entire clan to enjoy on those most important occasions. V

Investor Tools

Property Icon
$370,954
Estimated Property Value
$378,510Estimated Mortgage Balance
$20,143Estimated Equity
-2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,226 /month
Positive
Cash Flow Estimate:
$742 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$563/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,903
$370,954
2025
$155,700
$215,254
$370,954
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,903
$370,954

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Va
$378,510
Yes
First
Jun 16, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$350,811
$20,143
5%
95%
$2,270/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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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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803 Placid Lake Ln | Property Details | No Agent List