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7427 FM 1488 Rd

Magnolia, TX 77354
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Sold
Sold
$482,001 - $552,000
Sold on March 18, 2024
20,000 Lot Sqft
Lots

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General Description

The property is being sold as a "covered land play" for an investor. This tract is well positioned in the booming market of the Woodlands/Magnolia area. With explosive population growth all around and unbeatable visibility the property poses a great opportunity for an investor to own a class A property in a growing area with an operating storage facility currently bringing in revenue! The property sits on FM 1488 which is a major thoroughfare cutting through the Woodlands area all the way to Magnolia and beyond. It provides easy access to the back of The Woodlands or Magnolia for commuters taking I-45 from Houston. Currently the section of FM 1488 in front of the subject property sees an average of 35,000 +/- vehicles per day. This is a very unique opportunity for an investor looking to have 1488 frontage for a new development while offsetting holding expenses with a functioning storage facility.

MLS#
50444104
Sold Price Range
$482,001 - $552,000
Listing Status
Sold
Address
7427 FM 1488 Rd
City
Magnolia
State
TX
Zip Code
77354
County
Montgomery County
Legal Description
S949500 - WESTWOOD 01, BLOCK 1, LOT 87
Property Type
Lots
Lot Size
20,000 Sqft./Appraisal District
Maintenance Fee
$225 / Annually
Key Map©
215K
Market Area

Additional information

HOA Mandatory
Yes
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.

Financial

Other Fees
Yes / 250
Maintenance Fee
Yes / $225 / Annually
Taxes w/o Exemp
$5,558/2023
Tax Rate
1.7646

Exterior

Lot Description
Other
Cable
Available
Water Sewer
Other Water/Sewer
Phone
Available
Electric
Electric Available
Gas
Availability Unknown

Lot Information

Lot Size
20,000 Sqft. /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy
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Source

Houston Association of REALTORS
Source last updated Apr 27, 2024 at 03:13 PM
Listing last updated Mar 19, 2024 at 04:11 PM

Property tax

Cost/Sqft based on tax value

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Mortgage

Create and estimate your monthly mortgage payment and property taxes, based on past rates.

Estimated Monthly Payments

DOWN PAYMENT
Loan Term
$-----
$-----
Full Page
Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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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

Nearby schools view nearby schools

Subdivision Facts

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