40498 Community Rd Magnolia, TX 77354
Estimated payment $8,459/month
Highlights
- Private Pool
- Wooded Lot
- Wood Flooring
- Magnolia Parkway Elementary School Rated A-
- Traditional Architecture
- High Ceiling
About This Home
Welcome Home to your Private Piece of Texas Paradise!
Nestled on almost 4 unrestricted acres in the booming Magnolia area, this property offers space, freedom, and endless potential.
Located in one of the fastest-growing corridors in Montgomery County, you're just minutes from Major Thoroughfares, Shopping, Dining, and the Upcoming Magnolia Town Center Expansion — yet far enough to enjoy peace and privacy.
The home offers a solid foundation for your vision — whether you're looking to renovate, expand, or build new. With no HOA restrictions, you have the freedom to develop the land your way — think workshop, guest house, garden, or even a small business.
Key Highlights Include: 2 flat, usable acres (cleared and ready for possibilities), Excellent location with tons of future growth, Room for horses, toys, or additional structures
Zoned to Magnolia ISD and Minutes from The Woodlands, Tomball, and Hwy 249
Don’t wait — land like this is going fast in Magnolia!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,804
Year Built
- Built in 2015
Lot Details
- 4 Acre Lot
- Wooded Lot
Parking
- 2 Car Attached Garage
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
- Wood Siding
- Cement Siding
- Radiant Barrier
Interior Spaces
- 3,102 Sq Ft Home
- 2-Story Property
- Crown Molding
- High Ceiling
- Ceiling Fan
- Gas Fireplace
- Insulated Doors
- Formal Entry
- Family Room Off Kitchen
- Living Room
- Game Room
- Utility Room
- Washer and Gas Dryer Hookup
Kitchen
- Electric Oven
- Gas Cooktop
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Carpet
- Stone
Bedrooms and Bathrooms
- 4 Bedrooms
- Double Vanity
- Separate Shower
Home Security
- Prewired Security
- Fire and Smoke Detector
Eco-Friendly Details
- Energy-Efficient Windows with Low Emissivity
- Energy-Efficient HVAC
- Energy-Efficient Insulation
- Energy-Efficient Doors
- Energy-Efficient Thermostat
- Ventilation
Pool
- Private Pool
Schools
- Magnolia Parkway Elementary School
- Magnolia Parkway Junior High
- Magnolia High School
Utilities
- Central Heating and Cooling System
- Heating System Uses Gas
- Programmable Thermostat
- Well
- Septic Tank
Community Details
- Mostyn Manor Subdivision
Map
Home Values in the Area
Average Home Value in this Area
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 | $8,614 | $560,000 | $160,000 | $400,000 |
| 2024 | $8,614 | $556,153 | $160,000 | $396,153 |
| 2023 | $8,614 | $557,620 | $160,000 | $397,620 |
| 2022 | $9,840 | $557,620 | $160,000 | $397,620 |
| 2021 | $7,371 | $396,580 | $100,010 | $296,570 |
| 2020 | $8,045 | $397,530 | $103,460 | $294,070 |
| 2019 | $6,969 | $346,030 | $103,460 | $242,570 |
| 2018 | $6,877 | $325,330 | $82,760 | $242,570 |
| 2017 | $5,766 | $271,910 | $39,380 | $232,530 |
| 2016 | $5,766 | $271,910 | $39,380 | $232,530 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/09/2025 09/09/25 | Price Changed | $1,449,990 | -3.3% | $467 / Sq Ft |
| 08/07/2025 08/07/25 | For Sale | $1,499,990 | -- | $484 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $813,302 | None Listed On Document | |
| Vendors Lien | -- | Chicago Title | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $829,900 | VA | |
| Previous Owner | $608,000 | New Conventional |
Source: Houston Association of REALTORS®
MLS Number: 54392238
APN: 0600-00-00916
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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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