NOT LISTED FOR SALE

278 Magnolia Reserve Loop Magnolia, TX 77354

Estimated Value: $551,579 - $573,000

3 Beds
2.5 Baths
2,806 Sq Ft
$200/Sq Ft Est. Value

Last Sold May 27, 2021

Current estimated payment $3,771/month

101 Days on Market

Highlights

  • Home Theater
  • Under Construction
  • Traditional Architecture
  • Magnolia Parkway Elementary School Rated A-
  • Deck
  • Wood Flooring

About This Home

As of May 2021

Experience the luxury or the Dempsey even before you step into this gorgeous home. Admire the stunning details of the covered front entryway and striking exterior details that welcome you inside this entertainer's dream. Showcased by top-of-the-line stainless steel appliances and an over-sized granite island, the state-of-the-art kitchen overlooks the vast family room and the dining area. The spacious family room is highlighted by soaring ceilings, elegant interior finishes, and a stately fireplace. You will look forward to entertaining finds and family year round on the covered outdoor living area that features it's own kitchen. Additional highlights of this gorgeous home include a spacious master retreat with a split vanity, large secondary bedrooms and a media room.

Last Agent to Sell the Property

Jack Lipar

LGI Homes License #0591138 Listed on: 01/15/2021

Last Buyer's Agent

Lori Selman

NextHome Realty Center License #0562542

NextHome Realty Center

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $404

Year Built

  • Built in 2021 | Under Construction

Lot Details

  • 0.59 Acre Lot
  • Private Yard

HOA Fees

  • $55 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Stone Siding
  • Radiant Barrier

Interior Spaces

  • 2,806 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Gas Log Fireplace
  • Window Treatments
  • Formal Entry
  • Family Room Off Kitchen
  • Living Room
  • Breakfast Room
  • Combination Kitchen and Dining Room
  • Home Theater
  • Home Office
  • Utility Room
  • Washer and Electric Dryer Hookup
  • Fire and Smoke Detector

Kitchen

  • Convection Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Dual Sinks
  • Bathtub with Shower

Eco-Friendly Details

  • ENERGY STAR Qualified Appliances
  • Energy-Efficient Windows with Low Emissivity
  • Energy-Efficient Insulation
  • Energy-Efficient Thermostat
  • Ventilation

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Outdoor Kitchen

Schools

  • Magnolia Parkway Elementary School
  • Bear Branch Junior High School
  • Magnolia High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Programmable Thermostat
  • Tankless Water Heater

Community Details

  • Magnolia Reserve Homeowners Assoc Association, Phone Number (832) 910-7525
  • Built by Terrata Homes
  • Magnolia Reserve 02 Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$404

Year Built

Built in 2021 | Under Construction

Lot Details

0

HOA Fees

$55 per month

Parking

3

Listing Details

  • Directions: Info Center:*From Hwy 45 North *Take FM 1488 West* Turn north on 149 North*Right on Karen-Switch Road*Left on Magnolia Reserve Drive*Left on Magnolia Reserve Loop* Information Center on Right.
  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Year Built: 2021
  • Lot Size Acres: 0.5917
  • Subdivision Name: Magnolia Reserve 02
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: Yes
  • Efficiency: Radiant Attic Barrier, Appliances, Insulation, Thermostat, Water Heater, Windows
  • Special Features: NewHome

Interior Features

  • Appliances: Convection Oven, Dishwasher, Gas Cooktop, Disposal, Microwave, ENERGY STAR Qualified Appliances, Refrigerator, Tankless Water Heater
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Dual Sinks, Entrance Foyer, Granite Counters, High Ceilings, Kitchen Island, Kitchen/Family Room Combo, Bath in Primary Bedroom, Pantry, Tub Shower, Window Treatments, Kitchen/Dining Combo, Programmable Thermostat
  • Living Area: 2806.0
  • Dining Room Type: Breakfast Room/Nook, Kitchen, Living Room, Media Room, Study, Utility Room, Half Bath
  • Window Features: Low-Emissivity Windows
  • ResoLivingAreaSource: Builder

Exterior Features

  • Builder Name: Terrata Homes
  • Disclosures: Other
  • Roof: Composition
  • Lot Features: Subdivision
  • Pool Private: No
  • Construction Type: Brick, Stone
  • Exterior Features: Covered Patio, Outdoor Kitchen, Patio, Private Yard
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Deck, Patio
  • Property Condition: Under Construction

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Attached, Garage

Utilities

  • Laundry Features: Washer Hookup, Electric Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Sewer: Other
  • Water Source: Other

Condo/Co-op/Association

  • Association Fee: 660.0
  • Association Fee Frequency: Annually
  • Association Name: Magnolia Reserve Homeowners Assoc
  • Phone: 832-910-7525
  • Association: Yes

Schools

  • Elementary School: MAGNOLIA PARKWAY ELEMENTARY SCHOOL
  • Junior High Dist: 36 - Magnolia
  • High School: MAGNOLIA HIGH SCHOOL
  • Middle Or Junior School: BEAR BRANCH JUNIOR HIGH SCHOOL

Green Features

  • Green Indoor Air Qlty: Ventilation

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 404.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2021
Closed on
May 27, 2021
Sold by
Lgi Homes Texas Llc
Bought by
Orum Lorie and Orum Richard
Seller's Agent
Jack Lipar
LGI Homes
Buyer's Agent
Lori Selman
NextHome Realty Center
List Price
$424,900
Current Estimated Value
$562,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.60%
Original Mortgage
$403,655
Outstanding Balance
$366,027
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$196,118

Purchase Details

Closed on
Oct 21, 2020
Sold by
Magnolia Reserve Llc
Bought by
Lgi Homes-Texas Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Orum Lorie -- Ntc
Lgi Homes-Texas Llc -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Orum Lorie $403,655
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2021 05/27/21 Sold -- -- --
04/27/2021 04/27/21 Pending -- -- --
01/15/2021 01/15/21 For Sale $424,900 -- $151 / Sq Ft
Source: Houston Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,821 $565,391 $79,896 $485,495
2024 $8,569 $557,201 $79,896 $477,305
2023 $8,569 $542,760 $79,900 $462,860
2022 $8,624 $488,700 $79,900 $408,800
2021 $1,485 $79,900 $79,900 $0
2020 $404 $19,970 $19,970 $0
Source: Public Records

Agents Affiliated with this Home

  • Jack Lipar

    Seller's Agent in 2021

    Jack Lipar

    LGI Homes

    (713) 492-1514

    2,215 Total Sales

    Jack Lipar
    Section Image

  • L

    Buyer's Agent in 2021

    Lori Selman

    NextHome Realty Center

    (713) 876-0460

    38 Total Sales

    Lori Selman
    Section Image
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Map

Source: Houston Association of REALTORS®

MLS Number: 79083008

Houston Association of REALTORS®

APN: 7123-02-11000

Texas Montgomery County Magnolia 77316

278 Magnolia Reserve Loop, Magnolia, TX

This home is located at 278 Magnolia Reserve Loop, Magnolia, TX 77354 since 15 January 2021 and is currently estimated at $562,145, approximately $200 per square foot. This property was built in 2021. 278 Magnolia Reserve Loop is a home located in Montgomery County with nearby schools including Magnolia Parkway Elementary School, Bear Branch Junior High School, and Magnolia High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Houston Association of REALTORS® Copyright 2025, Houston REALTORS® Information Service, Inc.
The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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