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$2,500,000

30109 Fm 1488 Road, Waller, TX, 77484

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,974 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1,266.46 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesGas Oven, Dishwasher

Exterior

Lot Size1 acre

Building Information

Year Built1987
Stories1

Land Information

APN324200-078-002-200
SubdivisionA-242 John Reese
Land UseResidential
Legal DescriptionABS A324200 A-242 JOHN REESE TRACT PT 78-2 ACRES 1.0 P/O 19.643 AC P/O 19.643 AC
Census Tract680601
Assessed Land Value$40,210
Assessed Improvement Value$173,450
Assessment Year2025

About this property

Discover nearly 20 acres of prime real estate featuring over 800 feet of frontage on FM 1488, strategically positioned next to a planned residential community. This versatile property offers outstanding potential for commercial, residential, or mixed-use development—ideal for inline retail, storage facilities, warehouses, or luxury estate homes. The land is mostly cleared and well-maintained, featuring two existing homes, multiple barns and outbuildings, fenced pastures, and gravel access roads. The current main residence is a charming log cabin-style home with a spacious front porch, perfect for enjoying the serene, open surroundings. Whether you’re a developer seeking high-visibility frontage, an investor exploring growth opportunities, or a horse and cattle enthusiast looking to create a dream ranch, this property delivers space, location, and endless potential.

Investor Tools

$202,695Estimated Mortgage Balance
$481,305Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$15,000 /month
Positive
Cash Flow Estimate:
$5,000 /month

Interested in this property?

Ryan Landry

LPT Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$333/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$577
$213,660
2025
$40,210
$173,450
$213,660
No

Tax History

Year
Tax Paid
Assessed Value
2024
$577
$213,660

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Members Trust Of The Southwest Fcu
Unknown
$245,000
No
First
Dec 18, 2017
Dec 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$202,695
$481,305
70%
30%
$1,469/mo

City: Waller

30109 Fm 1488 Road | Property Details | No Agent List