Exclusive Off-Market Opportunity in Magnolia, with 3 separate 30,000 SQFT lots totaling 93,654 SQFT!

Montgomery County, Magnolia, TX, 77355
Sold
Listed at: April 25th, 2024
Price
$219,000
ARV
$450,000
Gross Margin
$231,000
Sq. Footage
2480
Type
Single-Family
Parking
Carport
Year build
1981
Lot size
2.15 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Immersed in a serene setting, this extraordinary package consists of 3 subdivided lots:

- Property #1 is a 2,480 SQFT, 3/2 property sitting on a 30,929 SQFT Lot
- Property #2 directly to the right is 32,670 SQFT
- Property #3 directly to the left is 30,056 SQFT

The home features 3 bedrooms, 2 baths, multiple outdoor sheds/workshops, and additional rooms that increase the total interior SQFT (measurements are to be verified by the buyer). It will require rehab/updates throughout to catch top-of-market value.

An investor could flip the house for 250K and sell the other two lots off for around 100K a piece with a total ARV of 450,000.

SP/ACRE in this pocket average 140,000, making just the raw land value over 300K

New Builds on similar land in this pocket are selling for 700K-800K!

Click to View Virtual Walkthrough!

First Come, First Serve. No Bidding. Reach out ASAP for additional details! This property will not last long!

Comps

Country Home/Acreage:

  • 17222 Butera Road - 3.2 acres - 2,000 sqft, Sold for $480,000 on 09/13/23

Lot:

  • 17806 Butera Rd - 1.190 acres, Sold for $189,000 on 02/23/24
  • 22303 Desert Willow Dr - 0.554 acres, Sold for $102,000 on 07/07/23
  • 25406 Bancock Ct - 0.900 acres, Sold for $110,000 on 05/10/23
  • TBD Seahorse Ln - 0.840 acres, Sold for $120,000 on 11/06/23

SFH:

  • 27911 Singletree Ln - 3 beds, 2 baths, 1,933 sqft, Sold for $375,000 on 06/13/23
  • 22414 Meadowsweet Dr - 3 beds, 2.5 baths, 2,100 sqft, Sold for $385,000 on 04/28/23
  • 17223 Pinion Creek - 3 beds, 2 baths, 2,446 sqft, Sold for $360,000 on 04/19/23
  • 27107 Seahorse Ln - 4 beds, 2 baths, 1,890 sqft, Sold for $250,000 on 05/09/23
  • 17422 Cedar Ln - 4 beds, 2 baths, 2,140 sqft, Sold for $265,000 on 08/04/23
  • 27219 Seahorse Ln - 4 beds, 2 baths, 1,709 sqft, Sold for $280,000 on 06/30/23
Notices and Disclosures 1. YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY: Any estimates or information provided are for real estate investors’ convenience, who must verify all estimated numbers independently. ANY information regarding specifications, characteristics, or condition of this property, neighborhood, or investment strategy (including, but not limited to, as-is property square footage measurements or as implied by property expansion through construction) is an unverified assumption of the broker or its affiliates based on limited information and should be verified independently for accuracy. Broker and its affiliates assume no liability, either expressed or implied, for the accuracy of any estimates or information provided. 2. DO NOT ENTER PROPERTY WITHOUT BROKER OR AGENT: Broker and its affiliates do not give authority, either expressed or implied, to the recipient of this information to enter this property. A property inspection may be obtained by scheduling an inspection with an authorized broker or agent. 3. NON-REPRESENTATION: Broker and its affiliates do NOT represent the recipient of this information. 4. RISK OF LOSS: Real estate investment is speculative in nature and risk of loss can be substantial. The recipient of this information should carefully consider whether such investing is suitable for them.
3D Walkthrough
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Amanda. G

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