29980 Fm 2978 Rd, Magnolia, TX 77354 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2013Total Assessed Value $76,000,000County Montgomery

Property Details

The Apartments property 29980 Fm 2978 Rd, Magnolia, TX 77354 is located in Montgomery County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $76,000,000.

The gross building area is 412,065 square feet and the land area is 1,235,274 square feet for this Apartment Garden (1 - 4 stories) built in 2013.

Legal description: S537900 - Grand Estates Woodland & Mansions Woodland Iv, Block 1, Res B, Acres 28.358

$76,000,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$2,105

Avg Rent

Property Image of 29980 Fm 2978 Rd, Magnolia, TX 77354, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area412,065

Land Size1,235,274

Land Value$9,479,941

Improved Value$66,520,059

Total Assessed Value$76,000,000

Year Built2013

County NameMontgomery

Account NumberR437789

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

Parking Space254

HeatingForced air unit

PoolHot Tub/Spa/Jacuzzi,Swimming Pools

Type ConstructionOther

No of Stories1

Garage TypeAttached Garages,Covered Parking/Carport

Bathrooms14

PatioAvailable

Access Gates1

Jogging Trail1

Business Center1

Vaulted Ceilings1

Walk-in Closets1

Emergency Maintenance1

Self Clean Ovens1

Number of Units416

Elevator

Exterior WallsConcrete block

Sales History

9/28/2021

Arms-length$84,582,937

Buyer

Bvf V Magnolia 1 Llc

Seller

Rim Investors 2012 5 Lp

Book Number

2021.135385

Recording Date

9/28/2021

Transaction Details

Bvf V Magnolia 1 Llc acquired the property from Rim Investors 2012 5 Lp through a Arms-length transaction on 9/28/2021 for $84,582,937.

Property constructed in 2013

YSale Price (USD) byXSales Year

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Mortgage History

9/29/2021

Sale$58,175,000

Borrower

Bvf V Magnolia 1 Llc

Lender

Jll Real Estate Capital Llc

Book Number

135386

Recording Date

9/29/2021

Transaction Details

Bvf V Magnolia 1 Llc borrowed the property from Jll Real Estate Capital Llc through a transaction on 9/29/2021 for $58,175,000.

8/11/2017

Arms length residential transactions purchase or resales$45,579,000

Borrower

Western Rim Investors 20135 Lp

Lender

Book Number

2017.72100

Recording Date

8/11/2017

Transaction Details

Western Rim Investors 20135 Lp borrowed the property from through a Arms length residential transactions purchase or resales transaction on 8/11/2017 for $45,579,000.

Property constructed in 2013

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$9,479,941	$74,379,387	$83,859,328	$83,859,328	Bvfv Magnolia 1 Llc	14001 Dallas Pkwy St...	S537900 - Grand Esta...	2153.C	S537900	1,235,274	412,065
2025	$9,479,941	$66,520,059	$76,000,000	$76,000,000	Bvfv Magnolia 1 Llc	14001 Dallas Pkwy St...	S537900 - Grand Esta...	2153.C	S537900	1,235,274	412,065
2024	$9,479,941	$74,955,418	$84,435,359	$84,435,359	Bvf-v Magnolia 1 Llc	14001 Dallas Pkwy St...	S537900 - Grand Esta...	2153.C	S537900	1,235,274	412,065
2023	$9,479,950	$58,370,050	$67,850,000	$67,850,000	Bvf-v Magnolia 1 Llc	14001 Dallas Pkwy, S...	S537900 - Grand Esta...	2153.C	-	1,235,274	412,065
2022	$9,479,950	$50,520,050	$60,000,000	$60,000,000	Bvf-v Magnolia 1 Llc	14001 Dallas Pkwy, S...	S537900 - Grand Esta...	2153.C	GRAND ESTATES WOODLA...	1,235,274	412,065
2021	$9,479,950	$35,229,390	$44,709,340	$44,709,340	Bvf V Magnolia 1 Llc...	2505 N State Highway...	S537900 - GRAND ESTA...	.C	GRAND ESTATES WOODLA...	1,235,274	5,449
2020	$9,479,950	$35,229,390	$44,709,340	$44,709,340	Western Rim Investor...	2505 N State Highway...	S537900 - Grand Esta...	2153.C	-	1,235,274	412,065
2019	$9,479,950	$35,229,390	$44,709,340	$44,709,340	Western Rim Investor...	2505 N State Highway...	S537900 - Grand Esta...	2153.C	-	1,235,274	412,065
2018	$9,479,950	$35,229,390	$44,709,340	$44,709,340	Western Rim Investor...	2505 N State Highway...	S537900 - Grand Esta...	2153.C	GRAND ESTATES WOODLA...	1,235,274	412,065
2017	$4,574,480	$30,550,760	$35,125,240	$35,125,240	Western Rim Investor...	2505 N State Highway...	S537900 - Grand Esta...	2153.C	GRAND ESTATES WOODLA...	1,235,274	412,065

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
29980 Fm 2978 Rd, Magnolia, TX 77354	R437789	Apartments	Apartment Garden (1 - 4 stories)	Bvfv Magnolia 1 Llc	Montgomery	-	$ 84,582,937	2021-09-28	$ 205.27	2013	412,065	416
8627 Hufsmith Rd 380, Tomball, TX 77375	1329960010005	Apartments	Apartment Garden (1 - 4 stories)	Corteen Spring Creek Llc Etal Francis Proeprty Management	Harris	4.5	$ 53,200,000	2025-11-12	$ 129.98	2013	409,309	380
455 Wildwood Forest Dr, Spring, TX 77380	R41058	Apartments	Apartment Garden (1 - 4 stories)	Renergize Wildwood Forest Lp	Montgomery	9.7	$ 43,167,810	2025-01-24	$ 154.98	1997	278,533	252
21901 Gosling Rd Ste 189 Ste189, Spring, TX 77389	1445240010001	Apartments	Apartment Garden (1 - 4 stories)	Cc Gosling Mf Ii Lp	Harris	8.8	$ 31,920,000	2025-07-30	$ 132.39	2021	241,113	189
16112 N Fwy 372, Houston, TX 77090	1309180010003	Apartments	Apartment Garden (1 - 4 stories)	Life At Springs Estates Property,owner Llc Etal	Harris	16.2	$ 56,275,000	2024-11-05	$ 134.76	2008	417,597	372
2211montgomeryparkblvd, Conroe, TX 77304	R123857	Apartments	Apartment Garden (1 - 4 stories)	Ffp Conroe Llc & Mca Conroe Tic Llc & 1420 Conroe Tic Llc	Montgomery	12.0	$ 29,103,060	2025-05-29	$ 166.95	2016	174,324	456
9404 W Rd 280, Houston, TX 77064	1297190010001	Apartments	Apartment Garden (1 - 4 stories)	Mrp Watermarke Llc	Harris	19.7	$ 38,038,000	2025-10-24	$ 122.69	2005	310,043	280
5959 Fm 1960 Rd W Ste 404 Ste404, Houston, TX 77066	1182410010001	Apartments	Apartment Garden (1 - 4 stories)	5959 Cypress Houston Llc	Harris	15.4	$ 49,542,500	2025-07-08	$ 116.99	1995	423,472	404
11910 Thoroughbred Dr 224, Houston, TX 77065	1152900010001	Apartments	Apartment Garden (1 - 4 stories)	Rs Swd Llc Et Al	Harris	19.3	$ 18,952,500	2025-01-10	$ 109.95	1983	172,376	224
12202 Huffmeister Rd 240, Cypress, TX 77429	1461090010001	Apartments	Apartment Garden (1 - 4 stories)	Crp Ar Prose Huffmeister Owner Lp	Harris	16.5	$ 33,211,430	2024-06-28	$ 150.13	2022	221,214	240
9387 Fm 1960 Bypass Rd W 229, Humble, TX 77338	1324640010002	Apartments	Apartment Garden (1 - 4 stories)	Willowbend Fm 1960 Ltd	Harris	22.1	$ 27,876,000	2025-05-22	$ 128.47	2018	216,978	229

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	29980 Fm 2978 Rd, Magnolia, TX 77354	—	-	1,235,274	2013	412,065	$ 76,000,000	$ 9,479,941	-
Greystone Servicing Co Llc	2111 Old Holzwarth Rd, Spring, TX 77388	09/11/2025	$ 36,660,000	1,230,700	2011	341,961	$ 47,642,646	$ 7,642,968	2111 Waterstone Limited Partne
Areeif Lender S Llc	171 Town Park Dr, Conroe, TX 77304	05/29/2025	$ 50,000,000	626,350	2021	353,247	$ 53,000,000	$ 4,198,500	Hpi Grand Central Llc
Amp Shc Mortgage Lender Llc	1110 Graham Dr, Tomball, TX 77375	05/06/2025	$ 24,000,000	361,125	1979	179,083	$ 22,393,342	$ 2,145,265	1100 Graham Dr Delaware Llc
Capital Fund I Llc	15488 Pin Oak Dr, Conroe, TX 77384	05/01/2025	$ 18,000,000	147,712	2022	106,678	$ 5,052,039	$ 886,272	Pinoak One Apartments Llc
Bokf National Association	7515 Spring Stuebner Rd, Spring, TX 77379	04/25/2025	$ 31,400,000	675,877	2019	379,180	$ 61,649,333	$ 6,758,770
M&t Realty Capital Corporation	915 Baker Dr, Tomball, TX 77375	04/21/2025	$ 11,081,000	305,791	1984	146,990	$ 18,394,070	$ 1,376,060	Ve Baker Llc
Imperial Utilities & Sustainab	28015 Johnson Rd, Tomball, TX 77375	01/31/2025	$ 100,000	90,375	1979	14,239	$ 1,644,022	$ 632,625	Dogwood 33 Tomball Tx Llc
Jll Real Estate Capital Llc	455 Wildwood Forest Dr, Spring, TX 77380	01/24/2025	$ 32,457,000	644,035	1997	278,533	$ 42,500,000	$ 5,152,280	Renergize Wildwood Forest Lp
Berkeley Point Capital Llc	6900 Lake Woodlands Dr, The Woodlands, TX 77382	01/14/2025	$ 37,330,000	591,240	2004	289,611	$ 45,499,999	$ 7,094,879	Asr Bollhoffer Llc
Overseachinese Bkng Corp Ltd	1501 Northpoint Pvt Ln, College Station, TX 77840	01/09/2025	$ 159,400,000	238,639	2014	357,706	$ 77,735,555	$ 10,440,462	-

Mean$ 51,100,726

Median$ 21,125,000.0

Loan Amount Range$ 100,000 - $ 631,500,000

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
29980 FM 2978 RD, MAGNOLIA, TX 77354-3603	MANSIONS ON THE PARK	2819682167	APARTMENTS
29980 FM 2978 RD APT 2737, MAGNOLIA, TX 77354-4128	ROI INSURANCE	8328816407	INSURANCE
29980 FM 2978 RD APT 3405, MAGNOLIA, TX 77354-4136	KAY RESOURCES	2819897740	SERVICE BUREAUS
29980 FM 2978 RD, MAGNOLIA, TX 77354-3603	A WARE LAWN CARE	8325638736	LAWN & GROUNDS MAINTENANCE

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License Details

License Number

32070298891

Texas_Tax_Exempt_Entities

Issued By

Texas_Tax_Exempt_Entities

State Authority

Issue Date

-

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	TRUHOPE
	Address Line
	City / State / Zip
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48339
Government Codes	Census Tract	-
Postal Information	ZIP Status Code
Registration Details	SOS Code

29980 Fm 2978 Rd, Magnolia, TX 77354 – Apartment Garden (1 - 4 stories)

Property Details

Property Information

Amenities

Sales History

Mortgage History

Assessment History

Rent & Occupancy

Comparables

Nearby Lenders