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Owner Contacts

$472,300

21749 Blassingame Rd, Hempstead, TX, 77445

$613,990 ARV

Off Market

3 Beds

2 Bath

1,778 Sq Ft

Single Family Residence

Built in 1995

Property Lead Type:

ARV FlipAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Exterior

Private Pool

Lot Size1.34 acres

Building Information

Year Built1995

Stories1

Garage Spaces2

Land Information

APN400350-001-001-000

Lot Number1

SubdivisionBlasingame

Land UseResidential

Legal DescriptionS400350 BLASINGAME BLK 1 LOT 1 ACRES 1.3351

Census Tract680502

Assessed Land Value$253,670

Assessed Improvement Value$218,630

Assessment Year2025

About this property

Located just off US 290 in Hempstead, Texas, in rapidly expanding Waller County, this 1778-sf brick home sits on a 1.3-acre tract that includes a shop--finished in one bay and suitable for office space. This site offers great visibility so that it could serve well for commercial use. Conveniently situated across from the Hempstead Business Park and only minutes away from the new Hempstead Logistics Park, a planned 120-acre development in Hempstead projecting 350+ homes, Prairie View A&M University, Prairie View Cricket Fields, the Daiken Manufacturing Plant in Hockley, as well as the Wolff Company Beacon Hill project in Waller, which includes a mixed-use business park and residential community that anticipates the construction of 870 new homes It also offers easily accessible connections to the metropolitan areas of Bryan-College Station, Houston, and Austin via US 290, SH 6, FM 1488, and FM 359. Call today and come take a look at the unique possibilities of this site.

Investor Tools

$472,300

Estimated Property Value

$408,500Estimated Mortgage Balance

$93,007Estimated Equity

14% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)*

$613,990

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,850 /month

Positive

Cash Flow Estimate:

$950 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$771/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

N/A

$472,300

2025

$253,670

$218,630

$472,300

Tax History

Year

Tax Paid

Assessed Value

2024

N/A

$472,300

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Bokf Na

Conventional

$408,500

First

Jul 15, 2022

Aug 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$379,293

$93,007

19%

80%

$2,450/mo

Learn About the Market: Opportunity in Texas

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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.

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