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Montgomery 77354 Rolling Forest
40603 Rolling Forest Drive
$288,000 Last Listed Price
● House - Off Market

40603 Rolling Forest Drive

Magnolia, TX 77354
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,735 Ft²
$399,326
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

The property you have dreamed about is now available!  Homes in Rolling Forest subdivision go FAST * 1 ACRE * NEW ROOF (March 2020) * FRESH INTERIOR PAINT throughout & exterior wood newly stained * LOW TAX RATE (2.0237%) & NO MUD *  FULLY FENCED w/ private automatic gate * Crystal blue POOL & SPA * HUGE Garage/Workshop * Vaulted Family Room with timbers * Lots of Kitchen Storage (upper & lower cabinets) * Wood burning fireplace * Open Concept * Beautiful views from inside this light and bright home * Magnolia High School is just down FM 149 * You will absolutely LOVE this property!!!  Call TODAY...
Unit Size
1,735 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$166
Property Type
House
Property Taxes
$409
HOA Dues
$17
Year Built
1996

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (HAR #67635305)

Price History

Date / Event Date Event Price
Jul 2, 2020 Sold
Premium
Sold
May 29, 2020 Listed by Keller Williams Advtge Realty $288,000
Listed by Keller Williams Advtge Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 2
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 22
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 1,200
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,935
  • Building Area: 1,735
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,735
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROLLING FOREST
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: S838900 - ROLLING FOREST, BLOCK 3, LOT 67, ACRES 1

Neighborhood

  • School District Name: Magnolia Independent School District
  • School Tax School District: LONE STAR COLLE
  • Census Tract: 694603

Zoning

  • Zoning: 2

Geography

  • Parcel: 8389-00-12800
  • Block: 3
  • Lot: 67
  • Municipality: UNINCORPORATED AREA
  • Latitude: 30.2375
  • Longitude: -95.6981

    Address

  • Full Address: 40603 Rolling Forest Dr
  • Address - House Number: 40603
  • Address - Street Name: Rolling Forest
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Magnolia
  • Carrier Code: R031
  • 4-Digit Zip Code: 1254
  • Zip Code: 77354

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $667,620
  • Tax Rate Code Area: SMA

    Appraisal Valuation

  • Standard Deviation: 0.2144
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 70
  • Final Value: 525,227
  • High Value: 637,878
  • Low Value: 412,576

    Market Valuation

  • Market Total Value: $405,990
  • Market Land Value: $80,000
  • Market Improvement Value: $325,990

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $405,990
  • Assessed Land Value: $80,000
  • Assessed Improvements Value: $325,990

    Sales

  • Current Sale Contract Date: Apr 07, 2006
  • Current Sale Recording Date: Apr 11, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2006-038977
  • Previous Sale Recording Date: Mar 28, 1995
  • Previous Sale Contract Date: Mar 28, 1995
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Rolling Forest

Stats & Trends

Median Asking:

$869,750

Sale Price/ft²

$255

Below Asking

0.02%

Average Days on Market

65

Average Home Size

2398 ft²

Average Home Age

13 years

Currently For Sale

2 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 40839 Hawthorne Glades Street, Magnolia, TX, 77354

$1,550 /mo

  • 3 Beds
  • 2 Baths
  • 1,179 ft²
40839 Hawthorne Glades Street, Magnolia, TX, 77354 Listing by Janell Callihan

Rentals Near You

Click here to view more rentals in the neighborhood.
HAR

Listed by: Alison Hale, Keller Williams Advtge Realty
Last Updated: 3 years ago
Data Source: HAR , MLS# 67635305
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Frequently Asked Questions

When was property at 40603 Rolling Forest Drive built and last sold?
The property at 40603 Rolling Forest Drive was built in 1996 and last sold on Apr 7, 2006 for $117,600.
How much is this home worth?
The estimated value of the home located at 40603 Rolling Forest Drive is $0.
What are some comparable homes to 40603 Rolling Forest Drive?
There are currently no comparable homes to 40603 Rolling Forest Drive.
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