5507 Ranch Lake Drive

Magnolia, TX 77354
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Sold
Sold
$370,001 - $420,000
Sold on October 29, 2020
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3 - 4 Bedroom(s)
2 Full Bath(s)
1,957 Sqft.
2.00 Lot Acres
Single-Family

Home value comparables

Using a REALTOR is the best way to determine the market price of a home. Start this process by viewing the third-party valuations and then contact a Realtor to determine a reasonable purchase price for a home.

Current Valuations

Home Value Comparables
AVM Value
$508K
AVM Value
$500K
AVM Value
$502K
Value Range
$462K - $554K
Value Range
$469K - $531K
Value Range
$ 502,040
Confidence Score
91%

Margin of Error*: 9%
Confidence Score
95%

Margin of Error*: 6%
Confidence Score
NA
Limitations: This represents an estimated sales price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice. The values do not include a physical or visual inspection of the subject property. User shall not use the values in lieu of an appraisal by a licensed appraiser or as a basis for making any financial decision.

Zestimate Home Values are provided by Zillow, Inc. Use is subject to Zillow Terms of Use and are provided as-is, as-available.
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Description

Wonderful two acre property with room for two horses! Property backs to neighborhood trails. Neighborhood park and catch & release fishing lake are just down the street. Well maintained single story home with mature trees and abundant wildlife. All tile or wood look tile throughout the house, no carpet. Updated double pane windows provide lots of natural light. New roof and gutters in 2019, new AC in 2018, hot water heater in 2016. Extra long 2 car garage with workshop, floored in attic for storage and an adjacent storage shed. Cross fenced into three paddocks. 12 x 12 run in shed for your horses. Back yard is fenced separately for your pets. Don't have a horse? Plenty of room for your other toys, including a 50 amp RV hook up. Refrigerator, washer & dryer can stay with the property. Quiet country living with easy access to I45 and The Woodlands. Minutes to 1488/2978 shopping plazas and HEB. Ready to move right into!

Documents
MLS#
388641
Sold Price Range
$370,001 - $420,000
Listing Status
Sold
Address
5507 Ranch Lake Drive
City
State
TX
Zip Code
Legal Description
SENDERA RANCH 02, BLOCK 1, LOT 13, ACRES 1.981
Property Type
Single-Family
Bedroom
3 - 4 Bedroom(s)
Bath
2 Full Bath(s)
Garages
2 / Detached
Stories
1
Architecture Style
Ranch
Year Built
1997 / Appraisal District
Building Size
1,957 Sqft/Appraisal District
Lot Size
2.00 Lot Acres./Other
Maintenance Fee
$450 / Annually
Key Map©
216A
Market Area

Rooms

Family Room
20 x 15, 1st
Dining
11 x 11, 1st
Kitchen
10 x 16, 1st
Primary Bedroom
22 x 14, 1st
Bedroom
13 x 10, 1st
Bedroom
13 x 11, 1st
Library
13 x 11, 1st
Utility Room Desc
8 x 6, 1st

Exterior

Roof
Composition
Foundation
Slab
Private Pool
No
Exterior Type
Brick, Cement Board
Lot Description
Subdivision Lot, Wooded
Carport Description
Detached Carport
Garage Carport
Circle Driveway
Water Sewer
Aerobic, Public Water
Front Door Face
North
Unit Location
Subdivision Lot,Wooded
Exterior
Back Yard Fenced, Barn/Stable, Patio/Deck

Interior

Countertop
Granite
Floors
Tile
Bathroom Description
Double Sinks, Tub w/shower
Bedroom Description
All Bedrooms Down
Kitchen Description
Breakfast Bar,Pantry
Room Description
Family Room,Formal Dining,Study/Library,Utility Room in House
Cooling
Central Electric
Heating
Propane
Connections
Electric Dryer Connections, Gas Dryer Connections, Washer Connections
Dishwasher
Yes
Disposal
No
Microwave
Yes
Oven
Electric Oven
Range
Electric Range
Energy Feature
Attic Fan

Lot information

Lot Size
87,120 Sqft./Other
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

Additional information

Dwelling Type
Free Standing
HOA Mandatory
Yes
List Type
Exclusive Right to Sell/Lease
Buyer Agent Compensation*
2.5%
Comp Bonus
$1000.00
Sub Agent Compensation*
0.00%

*Disclaimer: Listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Financial

Financing Considered
Cash Sale, Conventional, FHA, VA
Other Fees
Yes / 275 / Transfer fee
Maintenance Fee
Mandatory / $450 / Annually
Taxes w/o Exemp
$6,346/2019
Tax Rate
2.0237

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Estimated electricity cost

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Property tax

Cost/Sqft based on tax value

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Down Payment Assistance

Mortgage

Create and estimate your monthly mortgage payment and property taxes, based on past rates.

Estimated Monthly Payments

DOWN PAYMENT
Loan Term
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Full Page
Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Subdivision Facts

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Market update video

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Schools

School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

Assigned schools

Nearby schools view nearby schools

Source

Houston Association of REALTORS
Source last updated Apr 18, 2024 at 11:17 PM
Listing last updated Oct 29, 2020 at 09:05 AM

5507 Ranch Lake Drive, Magnolia, TX 77354. View photos, map, tax, nearby homes for sale, home values, school info...

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