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$3,300,000

22349 Fm 359 Road, Hempstead, TX, 77445

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths1,904 Sq Ft
price_per_sqft$1,733.19 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
FlooringTile, Wood

Exterior

Lot Size22.45 acres

Building Information

Year Built2007
Stories1
Garage Spaces2

Land Information

APN302400-023-000-100
SubdivisionA-24 Charles Donahoe
Land UseAgriculture / Farming
Legal DescriptionABS A302400 A-24 CHARLES DONAHOE TRACT 23 ACRES 22.45
Census Tract680303
Assessed Land Value$25,790
Assessed Improvement Value$284,910
Assessment Year2025

About this property

Strategically located at the highly visible intersection of FM 359 and Old Houston Highway, this unrestricted property offers exceptional accessibility, exposure, and versatility for residential, agricultural, commercial, or investment use. Conveniently situated near Hwy 290 with easy access to Hempstead, Brookshire, Waller, and the Greater Houston area, it lies directly in the path of continued growth and development. Improvements include a spacious ranch-style home overlooking mature trees and a stocked pond, along with pastures and a barn with living quarters. The property is well-suited for livestock, agricultural operations, equipment storage, contractor facilities, business expansion, or future development. With unrestricted acreage, existing improvements, and prime frontage in a rapidly growing area, this property presents a rare opportunity to enjoy immediate functionality while securing long-term investment potential.

Investor Tools

$0Estimated Mortgage Balance
$310,700Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$19,800 /month
Positive
Cash Flow Estimate:
$6,600 /month

Interested in this property?

James Monk

J. Frank Monk Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$210/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$967
$310,700
2025
$25,790
$284,910
$1,441,760
No

Tax History

Year
Tax Paid
Assessed Value
2024
$967
$310,700

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$310,700
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: Hempstead

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22349 Fm 359 Road | Property Details | No Agent List