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Days413Days on Market
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$2,495,000

$2,995,000

40 Stewart Rd Ste Wart, New Waverly, TX, 77358

On MarketInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths3,907 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$638.6 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Water Softener, Double Oven, Gas Oven, Microwave, Free-Standing Range, Gas Cooktop, Gas Range, Dishwasher, Dryer, Refrigerator, Washer, Water Purifier
FlooringCarpet, Tile

Exterior

Lot Size30.04 acres

Building Information

Year Built2016
Stories2
Roof Type158
Garage Spaces2

Land Information

APN50814
SubdivisionThompson J (A-544)
Land UseResidential
Legal DescriptionTHOMPSON J (A-544), TRACT 2.1, ACRES 30.04
Census Tract790302
Assessed Land Value$51,010
Assessed Improvement Value$907,090
Assessment Year2025

About this property

Rare 30-acre unrestricted estate just 3.5 miles from I-45, offering the privacy of true country living with effortless access to The Woodlands, Conroe, and Houston. A gated entrance and tree-lined drive set the tone for this custom 4BD/3.5BA home built in 2016, featuring a game room, home office, outdoor fireplace, and covered patio. A separate guest house adds flexibility for multi-generational living, a home office, or rental income. The fully cross-fenced acreage includes a barn/stable — ready for horses, livestock, or your vision. Outdoor enthusiasts will love the direct access to Sam Houston National Forest for riding, hiking, and hunting. With RV parking, a private well, and no deed restrictions, the possibilities are limitless. This is the property you've been waiting for: room to breathe, room to grow, and everything you need already in place.

Investor Tools

Property Icon
$958,100
Estimated Property Value
$181,000Estimated Mortgage Balance
$847,079Estimated Equity
81% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$14,970 /month
Positive
Cash Flow Estimate:
$4,990 /month

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Deborah Bergfeld

NextHome Leverage

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,124/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,694
$958,100
2025
$51,010
$907,090
$1,372,630
Yes (2019)

Tax History

Year
Tax Paid
Assessed Value
2024
$8,694
$958,100

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Capital Farm Credit Flca
Open End Mortgage / Open End With Future Advance Clause
$181,000
No
First
Jun 16, 2010
Jul 2020

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$111,021
$847,079
88%
12%
$1,086/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$1,086/mo
+$1,140/mo
2.8%

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: New Waverly

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40 Stewart Rd Ste Wart | Property Details | No Agent List