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$850,000

38241 Wiggins Rd, Hempstead, TX, 77445

On MarketInfo
Beds— Beds
Baths— Bath
Baths896 Sq Ft
price_per_sqft$948.66 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
AppliancesElectric Oven, Microwave, Electric Range

Exterior

Exterior FeaturesStorage
Lot Size21.37 acres

Building Information

Year Built2002
Stories2

Land Information

APN301000-043-008-100
SubdivisionA-10 William Baird
Land UseAgriculture / Farming
Legal DescriptionABS A301000 A-10 WILLIAM BAIRD TRACT 43-8 ACRES 21.373
Census Tract680502
Assessed Land Value$89,030
Assessed Improvement Value$111,200
Assessment Year2025

About this property

Welcome to 21.3 acres of paradise. This property includes a ¾ acre pond, trails, woods, wildlife areas, plus a small creek that runs along the western border. Tucked away down a quiet country road, the farm offers a serene retreat. Operated for 24 years as Laughing Frog Farm, using regenerative and organic cultural practices, produced fertile, sandy loam soils that have been heavily enriched by organic compost. An Agricultural Exemption is in place and there are working bee hives that will remain. Other features include a small custom-built home; equipment barn/workshop; and a tiny house. Horses are welcomed here, and there is a 60’ round horse pen and loafing shed. In addition, there is a dining pavilion with 6 tables and an outdoor sink nestled behind a rose arbor which was used for farm-to-table events. There are wonderful mature trees, including some which produce fruit. The possibilities for this property are abundant. Get in touch. I would love to show you around!

Investor Tools

$60,415Estimated Mortgage Balance
$139,815Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,100 /month
Positive
Cash Flow Estimate:
$1,700 /month

Interested in this property?

Kay Hardy

Coldwell Banker Realty - Heights

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$121/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$456
$200,230
2025
$89,030
$111,200
$761,390
No

Tax History

Year
Tax Paid
Assessed Value
2024
$456
$200,230

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Credit Line (Revolving) / Heloc
$117,946
No
First
Jun 7, 2007
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$60,415
$139,815
69%
30%
$708/mo

City: Hempstead

38241 Wiggins Rd | Property Details | No Agent List