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A+
NoAgentList RatingHow are grades calculated? Info

$297,910

22177 Fm 359 Road, Hempstead, TX, 77445

$387,283 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,367 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$126.7 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

ARV FlipHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesElectric Oven, Microwave, Electric Range, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size1.60 acres

Building Information

Year Built1984
Stories2

Land Information

APN302400-027-001-100
SubdivisionA-24 Charles Donahoe
Land UseResidential
Legal DescriptionABS A302400 A-24 CHARLES DONAHOE TRACT 27-1 ACRES 1.6044
Census Tract680303
Assessed Land Value$108,430
Assessed Improvement Value$189,480
Assessment Year2025

About this property

Nestled on a 1.6-acre lot in Hempstead, this spacious 4 bed, 2 bath home offers a peaceful rural setting with no HOA dues or deed restrictions. The property boasts a solid slab foundation, fully fenced and gated for privacy. Just 7 minutes from Prairie View A&M University, enjoy the country feel while being within an hour of Houston and Cypress. Low tax rate and proximity to Buc-ee’s add to the convenience. Ideal for those seeking space and flexibility without sacrificing city amenities. Live comfortably with ample distance from neighbors and the freedom to enjoy rural living near the city.

Investor Tools

Property Icon
$297,910
Estimated Property Value
$0Estimated Mortgage Balance
$287,451Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$387,283
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,799 /month
Positive
Cash Flow Estimate:
$600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$124/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$297,910
2025
$108,430
$189,480
$297,910
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$297,910

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Va
$95,850
Yes
First
Apr 12, 2012
May 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$10,459
$287,451
96%
4%
$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: Hempstead

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22177 Fm 359 Road | Property Details | No Agent List