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$1,200,000

856 State Highway 150, New Waverly, TX, 77358

On MarketInfo
Beds1 Beds
Baths1 Bath
Baths4,200 Sq Ft
price_per_sqft$285.71 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
FlooringConcrete

Exterior

Lot Size18 acres

Land Information

APN67050
Lot Number1
SubdivisionTribute Ranch Section 1
Land UseResidential
Legal DescriptionTRIBUTE RANCH SECTION 1, LOT 1, ACRES 18.0
Census Tract790200
Assessed Land Value$24,540
Assessed Improvement Value$57,980
Assessment Year2025

About this property

Set along State Highway 150 in New Waverly, this 18+/-acre property gives you room to breathe, room to work, and room to enjoy the outdoors. The land is heavily wooded with mature trees, creating a private setting that feels tucked away while still offering convenient highway access. The 2021-built barndominium-style improvement includes approximately 4,200 square feet with 1 bedroom, 1 full bath, open living space, and plenty of flexible space for storage, hobbies, equipment, entertaining, or future build-out. Approximately 16 +/- acres are high-fenced, opening the door for livestock, horses, exotics, hunting, or a private recreational retreat. With gated access, existing utilities, the property is ready for someone to make it their own. Whether used as a weekend getaway, full-time country place, or long-term land investment, this tract offers a practical and private setup in a strong New Waverly location.

Investor Tools

$449,344Estimated Mortgage Balance
$311,656Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,200 /month
Positive
Cash Flow Estimate:
$2,400 /month

Interested in this property?

Brandon Stephens

Keller Williams Brazos West

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$420/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,231
$82,520
2025
$24,540
$57,980
$327,230
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,231
$82,520

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The First State Bank
Purchase Money Mortgage
$489,300
No
First
Feb 25, 2022
Feb 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$449,344
$311,656
40%
59%
$2,934/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: New Waverly

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856 State Highway 150 | Property Details | No Agent List