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Sold 77354 Magnolia

7427 FM 1488 Rd

Magnolia, TX 77354

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Sold

$482,001 - $552,000

Sold on March 18, 2024

20,000 Lot Sqft

Lots

14 Day(s) on Market

Home value comparables

Using a REALTOR is the best way to determine the market price of a home. Start this process by viewing the third-party valuations and then contact a Realtor to determine a reasonable purchase price for a home.

Current Valuations

Home Value Comparables

AVM Value $315K
Value Range $ 315,000
Confidence Score NA

$315K

Limitations: This represents an estimated sales price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice. The values do not include a physical or visual inspection of the subject property. User shall not use the values in lieu of an appraisal by a licensed appraiser or as a basis for making any financial decision.

Zestimate Home Values are provided by Zillow, Inc. Use is subject to Zillow Terms of Use and are provided as-is, as-available.

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

Zip Code

77354

County

Montgomery County

Subdivision

Westwood 01 (View subdivision price trend)

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

Magnolia/1488 East

Property website

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directions

Ryan Dooley Platinum

CRD Realty

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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

Additional information

HOA Mandatory

Yes

List Type

Exclusive Right to Sell/Lease

Buyer Agent Compensation*

Sub Agent Compensation*

*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

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Property tax

Cost/Sqft based on tax value

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Mortgage

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Full Page

Listing Tax	Numbers
Principal & Interest	2,841
Taxes	1,242

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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.