NOT LISTED FOR SALE

903 Honea Egypt Rd Magnolia, TX 77354

Estimated Value: $680,784

-- Bed
-- Bath
754 Sq Ft
$903/Sq Ft Est. Value

Last Sold April 26, 2024

Current estimated payment $4,046/month

125 Days on Market

Highlights

  • Balcony
  • Window Unit Cooling System
  • Patio
  • Bear Branch Junior High School Rated A-
  • Electric Gate
  • Security Gate

About This Home

As of April 2024

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.

Last Agent to Sell the Property

Amy Lynch Kolflat

Walzel Properties - Corporate Office License #0625165 Listed on: 11/11/2023

Walzel Properties - Corporate Office

Last Buyer's Agent

Ryan Boudreaux

Walzel Properties - Corporate Office License #0802724

Walzel Properties - Corporate Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,390

Year Built

  • Built in 2021

Lot Details

  • 0.46 Acre Lot
  • Partially Fenced Property
  • Cleared Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding
  • Aluminum Siding
  • Cement Siding

Interior Spaces

  • 754 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Microwave
  • Washer and Dryer Hookup

Flooring

  • Laminate
  • Concrete
  • Tile

Home Security

  • Security Gate
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • Electric Gate
  • Paved Parking

Accessible Home Design

  • Wheelchair Access
  • Handicap Accessible

Eco-Friendly Details

  • Energy-Efficient Windows with Low Emissivity
  • Energy-Efficient Exposure or Shade
  • Energy-Efficient HVAC
  • Energy-Efficient Insulation
  • Energy-Efficient Thermostat
  • Ventilation

Outdoor Features

  • Balcony
  • Patio

Schools

  • Tom R. Ellisor Elementary School
  • Bear Branch Junior High School
  • Magnolia High School

Utilities

  • Window Unit Cooling System
  • Central Heating and Cooling System
  • Window Unit Heating System
  • Programmable Thermostat
  • Tankless Water Heater

Community Details

  • 8 Units
  • Westlite 01 Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,390

Year Built

Built in 2021

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Year Built: 2021
  • Subdivision Name: Westlite 01
  • Architectural Style: Fourplex
  • Unit Levels: One
  • New Construction: No
  • Efficiency: Exposure/Shade, HVAC, Insulation, Thermostat, Water Heater, Windows
  • Property Sub Type Additional: Quadruplex
  • UniversalParcelId: urn:reso:upi:2.0:US:48339:9498-00-01100
  • Special Features: None

Interior Features

  • Appliances: Microwave, Refrigerator, Tankless Water Heater
  • Accessibility Features: Wheelchair Access
  • Flooring: Concrete, Laminate, Tile
  • Interior Amenities: Balcony, Handicap Access, Ceiling Fan(s), Programmable Thermostat
  • Living Area: 754.0
  • Window Features: Low-Emissivity Windows, Window Coverings
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: None, Seller Disclosure
  • Roof: Composition
  • Fencing: Partial
  • Lot Features: Cleared
  • Construction Type: Aluminum Siding, Cement Siding, Wood Siding
  • Patio And Porch Features: Patio

Garage/Parking

  • Parking Features: Electric Gate, Paved

Utilities

  • Utilities: Electricity Available, Water Available
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Security Gate, Fire Alarm
  • Cooling: Central Air, Electric, Other, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric, Window Unit
  • Heating Yn: Yes

Schools

  • Elementary School: TOM R. ELLISOR 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: 2023
  • Tax Annual Amount: 5390.0

Multi Family

  • Number Of Units Total: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2023
Closed on
Apr 25, 2024
Sold by
Hardick Kimberly Jean
Bought by
20347 Louetta Reach Llc-903 Honea Series and 20347 Louetta Reach Llc
Seller's Agent
Amy Lynch Kolflat
Walzel Properties - Corporate Office
Buyer's Agent
Ryan Boudreaux
Walzel Properties - Corporate Office
List Price
$850,000
Views
71
Current Estimated Value
$680,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.54%
Original Mortgage
$540,000
Outstanding Balance
$532,224
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$148,560

Purchase Details

Listed on
Mar 14, 2021
Closed on
Apr 30, 2021
Sold by
Axe Em Investments Lp
Bought by
Hardick Kimberly Jean
Seller's Agent
Sybil Hodges
Sybil Hodges, Broker
Buyer's Agent
Dana Khan
RE/MAX Compass
List Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.27%
Original Mortgage
$360,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 14, 2005
Sold by
Stoecker Corp
Bought by
Axe Em Investments Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,900
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 17, 2004
Sold by
Lau Samson
Bought by
Axe Em Investments Lp

Purchase Details

Closed on
Aug 25, 1999
Sold by
Tam Lauris C H and Tam Lisa C
Bought by
Lau Samson

Purchase Details

Closed on
May 18, 1999
Sold by
Tam Lauris C
Bought by
Axe Em Investments Lp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
20347 Louetta Reach Llc-903 Honea Series -- None Listed On Document
Hardick Kimberly Jean -- Stewart Ttl Of Montgomery Cn
Axe Em Investments Lp -- Stewart Title Of Montgomery
Axe Em Investments Lp -- --
Stoecker Corp -- --
Lau Samson -- --
Axe Em Investments Lp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 20347 Louetta Reach Llc-903 Honea Series $540,000
Previous Owner Hardick Kimberly Jean $360,000
Previous Owner Axe Em Investments Lp $54,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/26/2024 04/26/24 Sold -- -- --
03/16/2024 03/16/24 Pending -- -- --
01/22/2024 01/22/24 Price Changed $799,000 -6.0% $1,060 / Sq Ft
11/11/2023 11/11/23 For Sale $850,000 +88.9% $1,127 / Sq Ft
04/12/2021 04/12/21 Sold -- -- -- View Prior Sale
03/14/2021 03/14/21 For Sale $450,000 -- --
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 $5,413 $356,009 $80,000 $276,009
2024 $5,413 $341,954 $80,000 $261,954
2023 $4,822 $305,460 $80,000 $225,460
2022 $5,390 $305,460 $80,000 $225,460
2021 $2,614 $140,630 $50,000 $90,630
2020 $2,846 $140,630 $50,000 $90,630
2019 $2,709 $134,510 $50,000 $84,510
2018 $2,753 $130,230 $50,000 $80,230
2017 $2,051 $96,720 $50,000 $46,720
2016 $2,111 $99,540 $50,000 $49,540
2015 $4,557 $89,630 $50,000 $39,630
2014 $4,557 $212,480 $50,000 $162,480
Source: Public Records

Agents Affiliated with this Home

  • Amy Lynch Kolflat

    Seller's Agent in 2024

    Amy Lynch Kolflat

    Walzel Properties - Corporate Office

    (713) 260-0282

    67 Total Sales

    Amy Lynch Kolflat
    Section Image

  • R

    Buyer's Agent in 2024

    Ryan Boudreaux

    Walzel Properties - Corporate Office

    (832) 660-7783

    8 Total Sales

    Ryan Boudreaux
    Section Image

  • S

    Seller's Agent in 2021

    Sybil Hodges

    Sybil Hodges, Broker

    (281) 356-4499

    5 Total Sales

    Sybil Hodges
    Section Image
  • Dana Khan

    Buyer's Agent in 2021

    Dana Khan

    RE/MAX

    23 Total Sales

    Dana Khan
    Section Image
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Map

Source: Houston Association of REALTORS®

MLS Number: 34088136

Houston Association of REALTORS®

APN: 9498-00-01100

Texas Montgomery County Magnolia 77354

903 Honea Egypt Rd, Magnolia, TX

Not Listed for Sale

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