NOT LISTED FOR SALE

9860 Grosbeak Ln Magnolia, TX 77354

Estimated Value: $245,000 - $507,000

3 Beds
2 Baths
2,662 Sq Ft
$135/Sq Ft Est. Value

Last Sold September 26, 2023

Current estimated payment $2,246/month

341 Days on Market

Highlights

  • Under Construction
  • Granite Countertops
  • 1-Story Property
  • Cedric C Smith Rated A-
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of September 2023

Fully leased! Cashflow Positive Class-A new construction luxury attached townhome community in growing market just 3 mi west of the Woodlands sold as duplexes. Fantastic location where residents can enjoy great retail, dining and hospitals in the Woodlands within a short drive. Magnolia has experienced 50% population growth in the decade. Children attend Magnolia ISD schools. Each unit offers 3 bedrooms, 2 baths, 2 car garage with fenced in back yard for pets and privacy & covered back patios. Identical units renting for $1895 per month . Large living rooms & island kitchens, stainless appliances, granite counters, tile backsplash, brushed nickel pendant light & fixtures, cultured marble square vanity sinks, Walk-in Tile Shower in Primary Bath, Wood-look LVT Vinyl Plankboard Floor. Sod in yards with included sprinkler systems. Easy commute to major area employers. Wealth of opportunities to relax & play nearby. Professional property management in place at a favorable rate.

Last Agent to Sell the Property

Erion Shehaj

Signature Real Estate License #0516948 Listed on: 09/28/2022

Last Buyer's Agent

Nonmls

Houston Association of REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,077

Year Built

  • Built in 2023 | Under Construction

Lot Details

  • 7,800 Sq Ft Lot
  • Lot Dimensions are 65x120

HOA Fees

  • $58 Monthly HOA Fees

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,662 Sq Ft Home
  • 1-Story Property

Kitchen

  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl Plank
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Cedric C. Smith Elementary School
  • Bear Branch Junior High School
  • Magnolia High School

Utilities

  • Central Heating and Cooling System

Community Details

Overview

  • Association fees include ground maintenance
  • 2 Units
  • Enclave At Dobbin Association
  • Built by Value Builders
  • Enclave At Dobbin Subdivision

Building Details

  • Operating Expense $19,175
  • Gross Income $44,400
  • Net Operating Income $23,893

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,077

Year Built

Built in 2023 | Under Construction

Lot Details

0

HOA Fees

$58 per month

Listing Details

  • Directions: From Hwy 249 Right on Hardin Store Rd then right on Dobbin Huffsmith Rd and finally right on Caraway Ln.
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Year Built: 2023
  • Lot Size: 65x120
  • Subdivision Name: Enclave at Dobbin
  • Unit Levels: One
  • New Construction: Yes
  • Property Sub Type Additional: Duplex
  • Special Features: NewHome

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet, Plank, Tile, Vinyl
  • Interior Amenities: Granite Counters
  • Living Area: 2662.0
  • ResoLivingAreaSource: Builder

Exterior Features

  • Builder Name: Value Builders
  • Disclosures: None
  • Roof: Composition
  • Property Condition: Under Construction

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 700.0
  • Association Fee Frequency: Annually
  • Association Name: Enclave at Dobbin

Fee Information

  • Association Fee Includes: Maintenance Grounds, Other

Schools

  • Elementary School: CEDRIC C. SMITH ELEMENTARY SCHOOL
  • Junior High Dist: 36 - Magnolia
  • High School: MAGNOLIA HIGH SCHOOL
  • Middle Or Junior School: BEAR BRANCH JUNIOR HIGH SCHOOL

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 13077.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 44400.0
  • Property Net Operating Income: 23893.0
  • Annual Operating Expense: 19175.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2022
Closed on
Sep 29, 2023
Sold by
Value Builders Inc
Bought by
Sheehan Yvonne
Seller's Agent
Erion Shehaj
Signature Real Estate
Buyer's Agent
Nonmls
Houston Association of REALTORS
List Price
$510,000
Views
570
Current Estimated Value
$358,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-17.21%
Original Mortgage
$382,500
Outstanding Balance
$371,461
Interest Rate
4.75%
Mortgage Type
New Conventional
Estimated Equity
-$13,235

Purchase Details

Listed on
Sep 28, 2022
Closed on
Sep 26, 2023
Sold by
Value Builders Inc
Bought by
Sheehan Yvonne
Seller's Agent
Erion Shehaj
Signature Real Estate
Buyer's Agent
Nonmls
Houston Association of REALTORS
List Price
$510,000
Views
570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Outstanding Balance
$371,461
Interest Rate
4.75%
Mortgage Type
New Conventional
Estimated Equity
-$13,235
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
Sheehan Yvonne -- Platinum Title
Sheehan Yvonne -- Platinum Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sheehan Yvonne $382,500
Closed Sheehan Yvonne $382,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2023 09/26/23 Sold -- -- --
09/05/2023 09/05/23 Pending -- -- --
09/29/2022 09/29/22 For Sale $510,000 -- $192 / 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
2024 $2,721 $171,892 $58,000 $113,892
2023 $4,703 $167,450 $58,000 $109,450
Source: Public Records

Agents Affiliated with this Home

  • Erion Shehaj

    Seller's Agent in 2023

    Erion Shehaj

    Signature Real Estate

    (713) 952-3200

    170 Total Sales

    Section Image

  • N

    Buyer's Agent in 2023

    Nonmls

    Houston Association of REALTORS

See All Agents

Map

Source: Houston Association of REALTORS®

MLS Number: 45755940

Houston Association of REALTORS®

APN: 4590-02-06100

Texas Montgomery County Magnolia 77354

9860 Grosbeak Ln, Magnolia, TX

This home is located at 9860 Grosbeak Ln, Magnolia, TX 77354 since 28 September 2022 and is currently estimated at $358,226, approximately $134 per square foot. This property was built in 2023. 9860 Grosbeak Ln is a home located in Montgomery County with nearby schools including Cedric C Smith, Bear Branch Junior High School, and Magnolia High School.

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