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General Description

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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.

MLS#:

34088136 (HAR)

Sold Price Range:

$627,001 - $717,000

Listing Status:

Sold

Address:

903 Honea Egypt Rd

City:

Magnolia

State:

Zip Code:

77354

County:

Montgomery County

Subdivision:

Westlite 01

Legal Description:

WESTLITE 01, BLOCK 1, LOT 11, ACRES 0.459

Property Type:

Multi-Family - Fourplex

Stories:

Year Built:

2021 / Appraisal District

Building Sqft.:

754 /Appraisal District

Lot Size:

20,000 Sqft. /Appraisal District

Key Map©:

215H

Market Area:

Magnolia/1488 East

Rooms/Lot Dimensions

1 Bdr #:

Interior Features

Floors:

Concrete, Laminate, Tile

Cooling:

Central Electric, Other Cooling, Window Units

Heating:

Central Electric, Window Unit

Disposal:

Microwave:

Yes

Compactor:

Dishwasher:

Energy Feature:

Ceiling Fans, High-Efficiency HVAC, Insulation - Batt, Insulation - Spray-Foam, Insulated/Low-E windows, North/South Exposure, Tankless/On-Demand H2O Heater, Digital Program Thermostat, Attic Vents

Exterior Features

Roof:

Composition

Exterior Type:

Aluminum, Cement Board, Wood

Lot Description:

Cleared

Parking:

Driveway Gate, Paved Area

Parking Unit:

More than Two

Controlled Access:

Automatic Gate

Additional Information

List Type:

Exclusive Right to Sell/Lease

Unit Feature:

Balcony, Fenced Area, Handicap Access, Patio, Window Coverings

Buyer Agent Compensation*:

Sub Agent Compensation*:

*Disclaimer: Listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Financial Information

Other Fees:

Maintenance Fee:

Taxes w/o Exemp:

$5, 390/2023

Tax Rate:

1.7646

Selling Agent and Brokerage

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Selling Agent

Ryan Boudreaux

5.00/5.0

Click to view phone

Selling Broker

Walzel Properties - Corporate Office

15420 Ridge Park
Houston, TX 77095

Want to know how much is this home worth?

Request Home Value

Property Tax

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Cost/sqft based on Market Value

Tax Year	Cost/sqft	Market Value	Change	Tax Assessment	Change
2023	$405.12	$305,460	0.00%	$305,460	0.00%
2022	$405.12	$305,460	117.21%	$305,460	117.21%
2021	$186.51	$140,630	0.00%	$140,630	0.00%
2020	$186.51	$140,630	4.55%	$140,630	4.55%
2019	$178.40	$134,510	3.29%	$134,510	3.29%
2018	$172.72	$130,230		$130,230

2023 Montgomery County Appraisal District Tax Value

Market Land Value:	$80,000
Market Improvement Value:	$225,460
Total Market Value:	$305,460

montgomery County Appraisal District

2023 Tax Rates

EMERGENCY SVC DIST 10:	0.0852 %
MONTGOMERY COUNTY:	0.3742 %
MONTGOMERY CO HOSPITAL:	0.0502 %
LONE STAR COLLEGE:	0.1078 %
MAGNOLIA ISD:	1.1472 %
Total Tax Rate:	1.7646 %

Estimated Mortgage/Tax

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$3,501 Monthly

Estimated Monthly Principal & Interest (Based on the calculation below)	$ 3,052
Estimated Monthly Property Tax (Based on Tax Assessment 2023)	$ 449449
Home Owners Insurance	Get a Quote

List Price

Loan Term

Months

Years

Down Payment

Annual Interest Rate

Estimated Monthly Principal & Interest

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Subdivision Facts

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Facts (Based on Active listings)

Market Area Name:

Magnolia/1488 East

Home For Sales:

425

Average List Price:

$568,586

Average Bedrooms:

3.65

Average Baths:

2.52

Average Square Ft.:

2,649

Average Price/Square Ft.:

$200.81

Home For Lease:

110

Average Lease :

$2,544

Average Lease/Square Ft.:

$1.37

Schools

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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

ASSIGNED SCHOOLS

Tom R Elementary Schoollisor Elementary School Elementary . PK - 04 . MAGNOLIA ISD

Excellent | Math Distinction

Bear Branch Junior High School Middle . 07 - 08 . MAGNOLIA ISD

Good |

Magnolia High School High . 09 - 12 . MAGNOLIA ISD

Good |

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Property Map

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903 Honea Egypt Rd, Magnolia, TX 77354 Directions

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Street View Birds Eye View

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903 Honea Egypt Rd Magnolia TX 77354 was recently sold. It is a 754 SQFT, in Westlite 01.

View all homes on Honea Egypt