string(19) "houstonarea.har.com" 9640 FM 1488, Magnolia, TX 77354 - HAR.com LoopMe

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3.52 Lot Acres
Lots
275 Day(s) on HAR.com

General Description

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


Exterior Features

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


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.


Financial Information

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


Selling Agent and Brokerage

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Estimated Mortgage/Tax

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$5,538 Monthly
Estimated Monthly Principal & Interest (Based on the calculation below) $ 5,538
Home Owners Insurance Get a Quote
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Subdivision Facts

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Facts (Based on Active listings)

Market Area Name:
Magnolia/1488 East
Home For Sales:
442
Average List Price:
$563,092
Average Bedrooms:
3.67
Average Baths:
2.56
Average Square Ft.:
2,636
Average Price/Square Ft.:
$199.88
Home For Lease:
116
Average Lease :
$2,530
Average Lease/Square Ft.:
$1.35

Schools

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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
Bear Branch Elementary School Elementary . EE - 04 . MAGNOLIA ISD
Good |
Bear Branch Junior High School Middle . 07 - 08 . MAGNOLIA ISD
Good |
Magnolia High School High . 09 - 12 . MAGNOLIA ISD
Good |

View Nearby Schools

9640 FM 1488 Magnolia TX 77354 was recently sold. It is a 3.52 Acre(s) Lot, in N/A.

View all homes on FM 1488

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