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$997,500

Beds
3
Baths
2.0
sq ft
3,057

533 Abney Ln, Magnolia, TX 77355

533 Abney Ln

Magnolia, TX 77355

  • 33 days on market
WOW, talk about a one of a kind country ranch and equine paradise. This custom south western estate sits on just over 6 unrestricted acres. The property is completely fenced and boasts 8 paddocks, 4 run-in's, a 300'x150' professional arena with judging box and spectator stands perfect for riding, team roping, and barrel racing. The horse barn is outfitted with 10 (12x12) stalls, an oversized lounge with bathroom, spacious tack room and more! The custom home is wrapped in austin stone and features a terra cotta roof sure to impress. Upon entering the 3 bedroom 2 bathroom home you will notice the attention to detail with live-edge wood trim throughout, hand carved doors, double height vaulted ceilings featuring wood beams, Austin stone accents walls, custom built in's, a chefs kitchen, a cozy fire place and so much more! The primary bedroom is attached to a ensuite featuring a soaking tub and separate walk-in shower. Located close to all major roadways, shopping and downtown Magnolia!

Details

Property type

Single Family Residence

Est. home value

$575,634

Lot size

6.13 acres

Price per sq ft

$327

Year built

1998

Annual property taxes

$6,036

Price History

07/24/2024
Houston

Houston #54139107

Listed
$997,500
06/28/2024
Houston

Houston #10038095

Removed
04/14/2024
Houston

Houston #10038095

Listed
$1,050,000

Schools & Community

Elementary school: 

NICHOLS SAWMILL 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

$475,155
Asking price
$997,500
Closing costs (~8% of asking)
-$79,800
Est. remaining loan balance
-$442,545
Cash to seller
$475,155

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

January 2024

Original loan amount

$445,000

Est. remaining balance

$442,545

Interest rate

7.29%

Loan type

New Conventional, 30 year

Seller

Kenneth E Morris and Mona Morris

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: Active

Tomo last checked: 08/26/2024 at 5:40 PM

Listing updated: 07/26/2024 at 2:37 PM

Listed by: Luke Volz, eXp Realty, LLC Phone #: (888) 519-7431

MLS: Houston #54139107

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