9640 FM 1488

Magnolia, TX 77354
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Sold
Sold
$1,242,001 - $1,425,000
Sold on December 15, 2023
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3.52 Lot Acres
Lots

Description

The subject tract is well positioned in the booming metro area of Houston/The Woodlands/Sugarland which ranked 3rd in the nation in population growth from July 2020 to July 2021 according to the U.S Census Bureau. The tract also resides in Montgomery County which ranked as the 8th fastest growing county in the nation for the same time period adding 23,948 citizens. With explosive population growth all around and unbeatable visibility the property poses a great opportunity for an investor to own a sizable portion of valuable frontage along a major thoroughfare with excellent development potential. The subject tract sits on FM 1488 which is a major thoroughfare cutting through the Woodlands area all the way to Magnolia and beyond. FM 1488 also intersects with the newly created Hwy 249 Extension which also runs down to the Houston area. Currently the section of FM 1488 in front of the subject property sees an average of 31,000 +/- vehicles per day according to TXDot.

MLS#
12771412
Sold Price Range
$1,242,001 - $1,425,000
Listing Status
Sold
Address
9640 FM 1488
City
State
TX
Zip Code
Subdivision
N/A
Legal Description
N/A
Property Type
Lots
Lot Size
3.52 Lot Acres./Survey
Market Area

Exterior

Lot Description
Level, Other
Cable
Available
Water Sewer
Public Water
Phone
Unknown
Electric
Electric Available
Gas
Gas Available

Financial

Financing Considered
Cash Sale, Conventional, Investor, Owner Financing
Other Fees
No
Maintenance Fee
No

Additional information

HOA Mandatory
No
List Type
Exclusive Right to Sell/Lease
Buyer Agent Compensation*
2%
Sub Agent Compensation*
0%

*Disclaimer: Listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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Estimated Monthly Payments

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Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Subdivision Facts

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Market update video

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Schools

School 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

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Noise factors

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Source

Houston Association of REALTORS
Source last updated May 20, 2024 at 05:47 PM
Listing last updated Dec 19, 2023 at 08:57 AM

9640 FM 1488, Magnolia, TX 77354. View photos, map, tax, nearby homes for sale, home values, school info...

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