5129 Reed Rd

Houston, TX 77033
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For Sale
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$199,999
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12,600 Lot Sqft
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Audio narrative

Description

Here's your chance to own a cleared lot that has already been re-platted into 2 separate lots ready for construction. These lots are unrestricted in use and will not violate deed restrictions with multi-unit development. Given the City of Houston's new Livable Places Ordinance the highest and best use calls for construction of multiple multi-unit dwellings (duplex, triplex, fourplex). This current replat design has been executed multiple times in the same neighborhood on similar size lot with improved new construction valued into $1M+ with multiple duplexes. Building multiple triplexes or fourplexes will allow for $1.4M+ improvement values. A recently completed survey is available, as well as Harris County recorded replat mylars. Sellers also have recently completed new construction appraisals available to share for prospective buyers.

MLS#
55439164
List Price
$199,99911.11%
Listing Status
For Sale
Address
5129 Reed Rd
City
State
TX
Zip Code
County
Subdivision
Melissa Grace Gardens
Legal Description
LT 1 BLK 1 MELISSA GRACE GARDENS
Property Type
Lots
Lot Size
12,600 Sqft./Survey
Market Area

Exterior

Lot Description
Subdivision
Cable
Available
Water Sewer
Public Sewer, Public Water
Phone
Available
Electric
Electric Available
Gas
Gas Available
Road Surface
Concrete

Additional information

HOA Mandatory
No
List Type
Exclusive Right to Sell/Lease
Buyer Agent Compensation*
3%
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
No
Maintenance Fee
No
Taxes w/o Exemp
$1,329/2023
Tax Rate
2.2019

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Property tax

Cost/Sqft based on tax value

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Down Payment Assistance

Mortgage

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

Estimated Monthly Payments

DOWN PAYMENT
Loan Term
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Full Page
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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Source

Houston Association of REALTORS
Source last updated Apr 29, 2024 at 01:37 PM
Listing last updated Apr 28, 2024 at 06:36 PM

5129 Reed Rd, Houston, TX 77033. View photos, map, tax, nearby homes for sale, home values, school info...

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