NOT LISTED FOR SALE

9893 Grosbeak Ln Magnolia, TX 77354

Estimated Value: $243,000 - $514,000

3 Beds
2 Baths
2,662 Sq Ft
$143/Sq Ft Est. Value

Last Sold May 01, 2023

Current estimated payment $2,262/month

185 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 May 2023

Cashflow Positive Class-A new construction luxury attached townhome community in growing market just 3 miles west of the Woodlands sold as duplexes. Fantastic location where residents can enjoy world class 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

  • $12,607

Year Built

  • Built in 2022 | 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 $17,857
  • Gross Income $45,480
  • Net Operating Income $26,259

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,607

Year Built

Built in 2022 | Under Construction

Lot Details

0

HOA Fees

$58 per month

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Year Built: 2022
  • Lot Size: 65x120
  • Subdivision Name: Enclave at Dobbin
  • Unit Levels: One
  • New Construction: Yes
  • Property Sub Type Additional: Duplex
  • UniversalParcelId: urn:reso:upi:2.0:US:48339:NA
  • 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: 12607.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 45480.0
  • Property Net Operating Income: 26259.0
  • Annual Operating Expense: 17857.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2022
Closed on
May 8, 2023
Sold by
Value Builders Inc
Bought by
Njoku-Obi Chukwuemeka
Seller's Agent
Erion Shehaj
Signature Real Estate
Buyer's Agent
Nonmls
Houston Association of REALTORS
List Price
$510,000
Views
267
Current Estimated Value
$380,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.67%
Original Mortgage
$492,978
Outstanding Balance
$479,095
Interest Rate
6.32%
Mortgage Type
FHA
Estimated Equity
-$98,762
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Njoku-Obi Chukwuemeka -- Platinum Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Njoku-Obi Chukwuemeka $492,978
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2023 05/01/23 Sold -- -- --
04/02/2023 04/02/23 Pending -- -- --
03/21/2023 03/21/23 For Sale $510,000 0.0% $192 / Sq Ft
02/01/2023 02/01/23 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
2025 $2,421 $152,930 $58,000 $94,930
2024 $2,421 $152,911 $58,000 $94,911
2023 $4,191 $149,200 $58,000 $91,200
Source: Public Records

Agents Affiliated with this Home

  • Erion Shehaj

    Seller's Agent in 2023

    Erion Shehaj

    Signature Real Estate

    (713) 952-3200

    173 Total Sales

    Erion Shehaj
    Section Image

  • N

    Buyer's Agent in 2023

    Nonmls

    Houston Association of REALTORS

See All Agents

Map

Source: Houston Association of REALTORS®

MLS Number: 62403653

Houston Association of REALTORS®

APN: 4590-02-04100

Texas Montgomery County Magnolia 77354

9893 Grosbeak Ln, Magnolia, TX

Not Listed for Sale

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