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Days39Days on Market
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$375,000

$400,000

1815 Will Scarlett St, Montgomery, TX, 77316

On MarketInfo
Price DropInfo
Beds2 Beds
Baths2 Bath
Baths896 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$418.53 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesGas Oven, Gas Range
FlooringCarpet, Vinyl

Exterior

Lot Size3 acres

Building Information

Year Built1998
Stories1

Land Information

APN7050-00-08800
Lot Number88
SubdivisionMagnolia East
Land UseResidential
Legal DescriptionS705000 - MAGNOLIA EAST, LOT 88, SERIAL # AH01998617, TITLE # 01135042, LABEL # PFS0544992, ACRES 3
Census Tract694603
Assessed Land Value$75,000
Assessed Improvement Value$37,404
Assessment Year2025

About this property

Build your dream home on this beautiful 3-acre property just minutes from Magnolia Proper! Conveniently located off FM 1486 with easy access to the Aggie Expressway, this peaceful tract offers the perfect blend of country living and modern convenience. The existing home is move-in ready and provides an excellent opportunity to live on-site while you build, or with a little TLC to make it your own. The property includes a carport, an additional covered area with a storage shed. Partially cleared with mature shade trees, the lot offers a picturesque setting with room to expand. This established neighborhood is experiencing revitalization with new homes under construction and is located directly across FM 1486 from the Colton development—while still offering the benefits of a no HOA, low tax rate and no MUD tax. The property is on a private water well, conventional septic system, and propane. It has never flooded and is located in FEMA Flood Zone X, indicating a low risk of flooding.

Investor Tools

$0Estimated Mortgage Balance
$186,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

Interested in this property?

Holly Knee

United Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$88/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$129
$96,885
2025
$75,000
$37,404
$112,404
No

Tax History

Year
Tax Paid
Assessed Value
2024
$129
$96,885

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$186,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Montgomery

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1815 Will Scarlett St | Property Details | No Agent List