All Photos
General Description
minimizeThis beautiful and well-located 56 acres is perfect for a buy-and-hold, development, or as part of a tax-deferred exchange. The gently rolling land is about 70% open and 30% wooded. The sandy loam soils are well drained, and there is no flood plain present. One pond supplies year-round water to livestock and wildlife, and likely could be developed into a beautiful water feature. Light grazing has left the property in good shape for the cattle tenant. There is approximately 1,500 feet of frontage on FM 1488 and 800 feet on Mayer Rd at the back of the property. The property is perimeter fenced. Electricity is available along the road, water well and septic needed. There is a 138-kV Centerpoint Energy transmission line easement on the property. Sellers own part or all of the mineral estate. Waller ISD. Agricultural tax valuation.
Exterior Features
Additional Information
Financial Information
Listing Broker:
Grand Land Realty, LLCProperty Tax
minimizeMarket Value Per Appraisal District
Cost/sqft based on Market Value
| Tax Year | Cost/sqft | Market Value | Change | Tax Assessment | Change |
|---|---|---|---|---|---|
| 2023 | $-- | $601,540 | 5.96% | $601,540 | 5.96% |
| 2022 | $-- | $567,700 | -13.34% | $567,700 | -13.34% |
| 2021 | $-- | $655,070 | -0.03% | $655,070 | -0.03% |
| 2020 | $-- | $655,240 | 20.00% | $655,240 | 20.00% |
| 2019 | $-- | $546,030 | 162.81% | $546,030 | 162.81% |
| 2018 | $-- | $207,770 | $207,770 |
2023 Waller County Appraisal District Tax Value
| Market Land Value: | $601,540 |
| Market Improvement Value: | $0 |
| Total Market Value: | $601,540 |
2023 Tax Rates
| HEMPSTEAD CITY OF: | 0.5827 % |
| WALLER-HARRIS ESD 200: | 0.0863 % |
| WALLER COUNTY: | 0.4987 % |
| WALLER COUNTY FM: | 0.0243 % |
| HEMPSTEAD ISD: | 0.9513 % |
| Total Tax Rate: | 2.1432 % |
Estimated Mortgage/Tax
minimize| Estimated Monthly Principal & Interest (Based on the calculation below) | $ 7,066 |
| Estimated Monthly Property Tax (Based on Tax Assessment 2023) | $ 1,074 |
| Home Owners Insurance | Get a Quote |
Subdivision Facts
minimizeFacts (Based on Active listings)
Schools
minimizeSchool 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
Good | 
Average |
View Nearby Schools ↓
Property Map
minimizeTBD FM 1488 Hempstead TX 77445 was recently sold. It is a 55.95 Acre(s) Lot, in N/A.
View all homes on FM 1488
Click to view phone
items