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$1,600,000

Beds
3
Baths
3.0
sq ft
3,032

523 Ruel Ln, Magnolia, TX 77355

523 Ruel Ln

Magnolia, TX 77355

  • 30 days on market
Enter through a private gate to 15 beautiful acres with a stunning custom home and guesthouse that offers a full kitchen and large bedroom.When you enter the main home you will admire expansive high wood ceilings front to back/ large windows with stunning views of the pool and outdoor kitchen. Beautifully designed gourmet kitchen with commercial range/coffee and wine bar with a bar sink.The family room offers a stunning stone fireplace from floor to ceiling/custom entertainment center and double sliding doors to enjoy the sounds of the waterfall. Primary bedroom boast large windows and door that opens up to a private screened in porch. Primary bathroom is absolutely gorgeous with a waterfall stone pattern in the oversized shower and large closet. This property offers custom plantation blinds, 1600 sqft commercial building/workshop, guesthouse fully furnished, RV power, additional parking, round pen, arena, horse stalls/horse ready, pond, fountain and bee exemption. This is a must see!

Details

Property type

Single Family Residence

Est. home value

$555,818

Lot size

15.00 acres

Price per sq ft

$528

Year built

2016

Annual property taxes

$8,004

Monthly HOA fee

$54.17

Price History

12/03/2024
Houston

Houston #89586030

Listed
$1,600,000

Schools & Community

Elementary school: 

MAGNOLIA ELEMENTARY SCHOOL (MAGNOLIA)

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

$1,119,036
Asking price
$1,600,000
Closing costs (~8% of asking)
-$128,000
Est. remaining loan balance
-$352,964
Cash to seller
$1,119,036

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

Seller’s Loan History

Lender

Hamilton Group Funding Inc

Loan start date

July 2020

Original loan amount

$390,000

Est. remaining balance

$352,964

Interest rate

3.15%

Loan type

New Conventional, 30 year

Seller

Cynthia F Kaleh and James Syoney Boyd

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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House

38153 Wind Song Trce, Magnolia, TX 77355

Status: Active

Tomo last checked: 12/22/2024 at 9:25 AM

Listing updated: 12/17/2024 at 9:43 PM

Listed by: James Boyd, Best Of Texas Properties, LLC Phone #: (936) 672-9700

MLS: Houston #89586030

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