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$667,134Estimated home value

Beds
3
Baths
4.5
sq ft
2,651

1518 Honea Egypt Rd, Magnolia, TX 77354

1518 Honea Egypt Rd

Magnolia, TX 77354

  • Sold On 6/27/2023
Beautiful custom two-story home nestled on 3.5 acres, surrounded by wooded tranquility! This home is a slice of rural paradise boasting 3 spacious bedrooms, oversized upstairs game room, amply sized family room and kitchen. This home also conveniently offers an additional 600 sqft. of air-conditioned detached flex space with its own dedicated bathroom, providing endless possibilities to meet a wide array of needs! This unique property also features a sparkling above-ground pool surrounded by expansive decking, hot tub covered by pergola, 300 sqft. screened-in covered patio, storage/workshop barn with electricity, 50 amp RV/camper hookup, fire pit and chicken coop. Updates include fresh paint inside and out, remodeled primary bathroom shower (2021), updated luxury vinyl wood flooring throughout first floor, tankless water heater, both HVAC units recently replaced (2020 & 2022), and recently replaced roof (2018). This property is a one of a kind gem and is ready for you to make your own!

Details

Property type

Single Family Residence

Est. home value

$667,134

Lot size

3.59 acres

Price per sq ft

$246

Year built

1998

Annual property taxes

$8,790

Monthly HOA fee

$37.5

Price History

12/22/2024
Houston

Houston #5110295

Removed
11/21/2024
Houston

Houston #5110295

Price change
$750,000
-3.23%
10/31/2024
Houston

Houston #5110295

Listed
$775,000

Schools & Community

Elementary school: 

TOM R. ELLISOR ELEMENTARY SCHOOL

Middle school: 

BEAR BRANCH JUNIOR HIGH SCHOOL

High school: 

MAGNOLIA HIGH SCHOOL

School district: 

Magnolia

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

-$55,095
Asking price
$650,000
Closing costs (~8% of asking)
-$52,000
Est. remaining loan balance
-$653,095
Cash to seller
-$55,095

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Mortgage Research Center Llc

Loan start date

June 2023

Original loan amount

$663,975

Est. remaining balance

$653,095

Interest rate

6.39%

Loan type

VA, 30 year

Seller

Peter Savoie and Brenda Aguirre Savoie

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Off Market

Tomo last checked: 12/22/2024 at 2:10 PM

Listing updated: 06/27/2023 at 10:34 AM

Listed by: Justin McClung, Keller Williams Realty The Woodlands Phone #: (281) 364-1588

MLS: Houston #33753826

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