903 Honea Egypt Rd

Magnolia, TX 77354
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Sold
Sold
$627,001 - $717,000
Sold on April 26, 2024
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754 Sqft.
20,000 Lot Sqft
Multi-Family - Fourplex

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
$774K
AVM Value
$305K
Value Range
$735K - $812K
Value Range
$ 305,460
Confidence Score
NA
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

Incredible opportunity w/ 2 single & 3 duplexes totaling 8 units located on busy street in Magnolia. The full acre is white picket fenced w/ electric gated access & this listing is the 1/2 acre on the south side split down the shared driveway. Front house is 500 sqft open concept w/ full bath & kitchen on pier & beam w/ 2 exterior storage closets & 2 sheds(one of which has 50amp electrical service.)3 duplexes are the middle buildings, each 600 sqft w/ 300 sqft a unit built in 2021 of cement board on concrete slab. Each of the 6 units in the duplexes have front & back access, individual mini-splits, sinks & are separately sub metered for electricity. Back unit ADA compliant w/ handicap access & restroom on a 900 sqft pier & beam house w/ kitchen. Vaulted ceilings are in all 3 duplexes & back single unit. shared lot 20+ spaces. Currently being rented as artist community at 100% occupancy w/ studio spaces & back unit the gallery. Property has never flooded. Please do not disturb tenants.

MLS#
34088136
Sold Price Range
$627,001 - $717,000
Listing Status
Sold
Address
903 Honea Egypt Rd
City
State
TX
Zip Code
Subdivision
Westlite 01
Legal Description
WESTLITE 01, BLOCK 1, LOT 11, ACRES 0.459
Property Type
Multi-Family - Fourplex
Stories
1
Year Built
2021 / Appraisal District
Building Size
754 Sqft/Appraisal District
Lot Size
20,000 Sqft./Appraisal District
Key Map©
215H
Market Area

Exterior

Roof
Composition
Exterior Type
Aluminum, Cement Board, Wood
Lot Description
Cleared
Parking
Driveway Gate, Paved Area
Parking Unit
More than Two
Controlled Access
Automatic Gate

Interior

Floors
Concrete, Laminate, Tile
Cooling
Central Electric, Other Cooling, Window Units
Heating
Central Electric, Window Unit
Compactor
No
Dishwasher
No
Disposal
No
Microwave
Yes
Energy Feature
Ceiling Fans, High-Efficiency HVAC, Insulation - Batt, Insulation - Spray-Foam, Insulated/Low-E windows, North/South Exposure, Tankless/On-Demand H2O Heater, Digital Program Thermostat, Attic Vents

Rooms

1 Bdr #
1
1 Bdr #
2
1 Bdr #
2
1 Bdr #
2
1 Bdr #
2
1 Bdr #
2
1 Bdr #
2
1 Bdr #
2

Lot information

Lot Size
20,000 Sqft. /Appraisal District
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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

List Type
Exclusive Right to Sell/Lease
Unit Feature
Balcony,Fenced Area,Handicap Access,Patio,Window Coverings
Buyer Agent Compensation*
3%
Sub Agent Compensation*
0%

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

Financial

Other Fees
No
Maintenance Fee
No
Taxes w/o Exemp
$5,390/2023
Tax Rate
1.7646

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Estimated electricity cost

Analysis for
903 Honea Egypt Rd
An Energy Ogre member at this location would SAVE $75/year. Find out more
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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

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Noise factors

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Source

Houston Association of REALTORS
Source last updated Apr 26, 2024 at 11:42 PM
Listing last updated Apr 26, 2024 at 04:57 PM

903 Honea Egypt Rd, Magnolia, TX 77354. View photos, map, tax, nearby homes for sale, home values, school info...

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