All Photos
General Description
minimizeWelcome Home to 5503 Teakwood Lane! This gorgeous, three bedroom, two bath, two car detached garage home, is situated on almost half an acre. The kitchen is open to the breakfast and living area.Flex Room within the Primary Bathroom could be used as an office or extra dressing area. No Carpet throughout the home. New Pex Piping. The backyard is ready for all your entertaining needs. The Community pool is a short walk from the home. Schedule your showing today! Magnolia ISD
MLS#:
68148760 (HAR)
Sold Price Range:
$370,001 - $420,000
Listing Status:
Sold
Address:
5503 Teakwood Lane
City:
Magnolia
State:
TX
Zip Code:
County:
Subdivision:
Legal Description:
WESTWOOD 03, BLOCK 9, LOT 140
Property Type:
Single-Family
Bedrooms:
3 Bedroom(s)
Baths:
2 Full Bath(s)
Garage(s):
2 / Detached
Stories:
1
Style:
Traditional
Year Built:
1999 / Appraisal District
Building Sqft.:
1,793 /Appraisal District
Lot Size:
20,000 Sqft. /Appraisal District
Maintenance Fee:
$ 250 / Annually
Key Map©:
216E
Market Area:
Rooms/Lot Dimensions
Living:
15x23, 1st
Dining:
10x11, 1st
Kitchen:
15x12, 1st
Breakfast:
9x7, 1st
Primary Bedroom:
11x16, 1st
Bedroom:
10x11, 1st
Bedroom:
10x11, 1st
Primary Bath:
13x12, 1st
Extra Room:
7x11, 1st
Interior Features
Fireplace:
1
Bathroom Description:
Primary Bath: Double Sinks, Primary Bath: Separate Shower, Primary Bath: Soaking Tub, Secondary Bath(s)
Room Description:
1 Living Area, Breakfast Room, Formal Dining, Home Office/Study, Utility Room in House
Cooling:
Central Electric
Heating:
Central Electric
Exterior Features
Roof:
Composition
Foundation:
Slab
Private Pool:
No
Exterior Type:
Brick
Lot Description:
Subdivision Lot
Water Sewer:
Aerobic
Unit Location:
Subdivision Lot
Additional Information
Dwelling Type:
Free Standing
List Type:
Exclusive Right to Sell/Lease
HOA Mandatory:
Yes
Buyer Agent Compensation*:
3%
Sub Agent Compensation*:
0%
Financial Information
Financing Considered:
Cash Sale, Conventional, FHA, VA
Other Fees:
Yes / 250 / Transfer
Maintenance Fee:
Mandatory / $250 / Annually
Taxes w/o Exemp:
$4, 845/2021
Tax Rate:
1.8587
Selling Agent and Brokerage
minimize
Property Tax
minimizeMarket Value Per Appraisal District
Cost/sqft based on Market Value
| Tax Year | Cost/sqft | Market Value | Change | Tax Assessment | Change |
|---|---|---|---|---|---|
| 2023 | $198.56 | $356,020 | 1.60% | $356,020 | 24.17% |
| 2022 | $195.43 | $350,400 | 34.43% | $286,730 | 10.00% |
| 2021 | $145.38 | $260,660 | 6.44% | $260,660 | 6.44% |
| 2020 | $136.59 | $244,900 | -1.50% | $244,900 | -1.03% |
| 2019 | $138.67 | $248,630 | 10.53% | $247,450 | 10.00% |
| 2018 | $125.46 | $224,950 | -0.03% | $224,950 | -0.03% |
| 2017 | $125.49 | $225,010 | 4.12% | $225,010 | 4.12% |
| 2016 | $120.52 | $216,100 | 1.66% | $216,100 | 3.57% |
| 2015 | $118.56 | $212,570 | 12.07% | $208,650 | 10.00% |
| 2014 | $105.79 | $189,680 | 6.26% | $189,680 | 6.26% |
| 2013 | $99.56 | $178,510 | 2.92% | $178,510 | 2.92% |
| 2012 | $96.74 | $173,450 | $173,450 |
2023 Montgomery County Appraisal District Tax Value
| Market Land Value: | $80,000 |
| Market Improvement Value: | $276,020 |
| Total Market Value: | $356,020 |
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
minimize
$1,956 Monthly
| Estimated Monthly Principal & Interest (Based on the calculation below) | $ 1,432 |
| Estimated Monthly Property Tax (Based on Tax Assessment 2023) | $ 524 |
| Home Owners Insurance | Get a Quote |
Subdivision Facts
minimize2023 Subdivision Facts
Subdivision Name:
Westwood (Magnolia)
County / Zip Code:
77354
Single Family Properties:
1,507
Average Bedrooms:
Average Baths:
2.49
Median Square Ft.:
2,169
Median Lot Square Ft.:
20,000
Median Year Built:
2002
Median Appraised Value:
$357,620
Neighborhood Value Range:
$282 - $463 K
Median Price / Square ft.:
$192.90
View Price Trends for Westwood (magnolia)
Schools
minimizeSchool 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
Good | 
View Nearby Schools ↓
Property Map
minimize5503 Teakwood Lane Magnolia TX 77354 was recently sold. It is a 0.46 Acre(s) Lot, 1,793 SQFT, 3 Beds, 2 Full Bath(s) in Westwood 03.
View all homes on Teakwood
Advertisement
Click to view phone
Email Broker
items