0 Magnolia Pkwy

Pearland, TX 77584
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Sold
Sold
$4,418,001 - $5,081,000
Sold on March 20, 2024
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19.31 Lot Acres
Country Homes/Acreage

Home value comparables

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Current Valuations

Home Value Comparables
AVM Value
$127K
Value Range
$ 126,860
Confidence Score
NA
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.
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Description

Cleared 19.3+ Acres Wrap by SW Corner of Magnolia Pkwy/CR 59 & Manvel Rd/FM 1128 w/road frontage on both (~2400 ft on Magnolia Pkwy & ~430 ft on FM 1128). All city utilities. Wraps around 7-11 at the traffic light corner. Zoned General Commercial. Seller has had initial workshops w/the City regarding a Planned Development (PD) for a mixed-use of retail & multifamily. Seller will work w/Buyer to get the Planned Development (PD) done. There are currently no other locations in the area where multifamily can be built in Pearland so the barriers to entry are strong. Property lies 3.5 miles E. of SH 288, 3.3 miles W. of SH 35, 6 miles N. of SH 6, 1 mile S. of FM 518, 15 miles S. of the TX Medical Center & 18 miles S. of Downtown. Projected population within 3 miles is 84,483 in 26,719 Households in 2023 representing a 13.42% 5-year growth from 2018 to 2023. Site will require detention which has had initial engineering done by the Seller. This is one of the last major tracts left in the area.

MLS#
17677018
Sold Price Range
$4,418,001 - $5,081,000
Listing Status
Sold
Address
0 Magnolia Pkwy
City
State
TX
Zip Code
Subdivision
H T & B R R
Legal Description
see agent remarks
Property Type
Country Homes/Acreage
Land Use
OTHER
Lot Size
19.31 Lot Acres./Survey
Key Map©
614S
Road Frontage
County Maintained,Farm to Market
Market Area

Exterior

Private Pool
No
Lot Description
Cleared, Other
Water Sewer
Public Sewer, Public Water
Road Surface
Asphalt, Concrete, Curbs, Gutters, Other
Area Pool
Yes

Financial

Financing Considered
Cash Sale, Conventional
Other Fees
No
Maintenance Fee
No
Tax Rate
2.5552

Additional information

List Type
Exclusive Right to Sell/Lease
Buyer Agent Compensation*
2.5%
Sub Agent Compensation*
0%

*Disclaimer: Listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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Estimated electricity cost

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Property tax

Cost/Sqft based on tax value

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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 May 29, 2024 at 11:07 AM
Listing last updated Mar 21, 2024 at 10:27 AM

0 Magnolia Pkwy, Pearland, TX 77584. View photos, map, tax, nearby homes for sale, home values, school info...

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