tomo logo

$420,000

Beds
3
Baths
1.5
sq ft
1,320

16507 Burklin Ln, Magnolia, TX 77355

16507 Burklin Ln

Magnolia, TX 77355

  • 16 days on market
Peaceful Country setting at the end of a quiet cul-de-sac, this home has updates from top to bottom and is ready for you to simply move in and call it "home". Be ready to fall in love when you walk through the front door. Over $100k in improvements! Kitchen completely updated with flooring, upper cabinets, Huge center island, appliances to include a Thor 5-burner gas oven/stove plus convection & Thor vent hood. Cozy family room with corner brick wood-burning fireplace. Three bedrooms with laminate floors and ceiling fans. Bathrooms completely remodeled with walk-in shower, replaced sinks, toilets, lighting and flooring. Windows replaced 2023. LED lighting throughout. 2-stage heat pump installed 2024. Roof replaced 2024 (all 3 structures!) Detached 2-car garage PLUS 14x18 2-story storage building with open work/storage space with drive-thru doors. Exterior stairs lead to a finished room over the storage - perfect for game room, office or guest space. Murphy bed stays.

Details

Property type

Single Family Residence

Est. home value

$261,435

Lot size

0.72 acres

Price per sq ft

$319

Year built

1978

Annual property taxes

$3,031

Price History

03/24/2025
Houston

Houston #32010230

Listed
$420,000
09/27/2021
Houston

Houston #53738121

Removed

Schools & Community

Elementary school: 

J.L. LYON ELEMENTARY SCHOOL

Middle school: 

MAGNOLIA JUNIOR HIGH SCHOOL

High school: 

MAGNOLIA WEST 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

$209,265
Asking price
$420,000
Closing costs (~8% of asking)
-$33,600
Est. remaining loan balance
-$177,135
Cash to seller
$209,265

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

Seller’s Loan History

Lender

Cornerstone Home Lending Inc

Loan start date

September 2021

Original loan amount

$192,000

Est. remaining balance

$177,135

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Tammie Ruth Colvin

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?

Status: Active

Tomo last checked: 04/09/2025 at 8:40 PM

Listing updated: 04/01/2025 at 10:40 AM

Listed by: Renee Leslie, RE/MAX Elite Properties Phone #: (713) 955-2510

MLS: Houston #32010230

Houston logo

Recently listed in Magnolia