
$549,999
4 beds | 3 baths | 2,971 sqft
402 FAIRBANKS Drive, Magnolia, TX

For sale
$325,000
Roughly $2,143/mo at 20% down, 6.5% over 30 years, including tax. That is 15% below the $383,300 median across 833 homes for sale in Magnolia.
Written by Jay from this home’s 25 listing photos
This single-story traditional brick home features a shingle roof, maintained landscaping, and a fenced backyard with a storage shed that can fit a pool. Inside, the turnkey open floor plan offers high ceilings
No known risk factors reported for this home.
Westwood
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Explore the map| Sep 1, 2026Listed for sale | $325,000 |
5503 Teakwood Lane, Magnolia, TX is listed at $325,000, or about $181 per square foot.
This home has 3 bedrooms and 2 bathrooms across 1,793 square feet, and was built in 1999.
Property tax is $6,000 per year.
5503 Teakwood Lane, Magnolia, TX is served by TOM R. ELLISOR ELEMENTARY SCHOOL (Elementary), BEAR BRANCH JUNIOR HIGH SCHOOL (Middle), MAGNOLIA HIGH SCHOOL (High). The home is zoned to the Magnolia school district.
This listing has 1 recorded price event. It was first listed at $325,000 on Sep 1, 2026. The full history is shown above.
At 20% down on a 6.5% 30-year fixed rate, principal and interest on 5503 Teakwood Lane, Magnolia, TX come to about $1,643 a month. Adding property tax of about $500 brings the estimate to about $2,143 a month. Insurance is not included.
$325,000 is about 15% below the $383,300 median list price across the 833 homes for sale in Magnolia, TX. The comparable homes below run $414,900 to $549,999.
Yes — 5503 Teakwood Lane, Magnolia, TX is currently listed for sale on GotNest.
Listed by Connery Cole · Keller Williams Realty Metropolitan · MLS #TREC#0754215 · Source: HAR