29903 FM 2978 Magnolia, TX ^$ 7,623,000

29903 FM 2978

^$ 7,623,000

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29903 FM 2978

Magnolia, TX, 77354

^$ 7,623,000

Studio Baths0.0

Monthly Estimate*

^$ 53,249

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Studio

Lots and Land for sale in Magnolia, TX

for $7,623,000. The lot size is 6.639.

UNRESTRICTED - COMMERCIAL/RESIDENTIAL. This 6.639 acreage is in the perfect location in "New Magnolia" located on the newly expanded FM 2978 and the new construction of Woodtrace Blvd. which will connect to FM 249 The Aggie Expressway. Approx. 1/4 mile to The Woodlands Pkwy. Easy access to The Woodlands, Tomball, Magnolia and Conroe. High Traffic Area. This property has lots of potential.

Lots and Land Active

Price

^$ 7,623,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 3,702

Style

Lot Size

6.639

Town/City

Magnolia

County/Region

Montgomery

MLS | Web ID

45421371

Features

Exterior

Road Surface Concrete

Lot Size Source Appraisal District

Lot Improvements Cleared

Lot Size 289195

Water Sewer No Sewer No Water Septic Tank

Lot Description Other

Pool Area 0

General

Gas Y/N Availability Unknown

Restrictions No Restrictions

Electric Electric Available

Subdivision James Brown

County Montgomery

Tax Rate 1.8587

Property Type Lots

Yearly Taxes 3702

Tax Year 2021

Status Active

Acres 6.639

Directions I-45 north to 1488 exit turn left or west on 1488 to FM 2978. Turn left on FM 2978 approx. 3 miles south on FM 2978 to property at corner of Pine Rd & FM 2978.

City Magnolia

Disclosures No Disclosures

School District 36 - Magnolia

Street Name FM 2978

Geo Market Area Magnolia/1488 East

DOM 229

Maintenance Fee Y/N 0

Elementary School TOM R. ELLISOR ELEMENTARY SCHOOL

Middle School BEAR BRANCH JUNIOR HIGH SCHOOL

Finance Available Cash Sale Conventional Investor

High School MAGNOLIA HIGH SCHOOL

List Type Exclusive Right to Sell/Lease

Interior

Total Baths 0.00

* Excluded Features

List By

Texas United Realty

Broker

denise.dancy@yahoo.com

Affordability Calculator

$53,557

Per Month

Monthly Principal & Interest: $53,249
Monthly Property Taxes: $309
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Magnolia, TX

Average List Price ^$888,286

Percent of Sale Price 88%

About Magnolia, TX

2,628 Population

95% Since 2002

^$66,935 Median Income

40.23 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3834597 Elementary School

1773936 Middle School

Magnolia High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/10/2023	$6,350,000		Listed Price

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29903 FM 2978, Magnolia, TX, 77354 is a Lots and Land for sale at $7,623,000 with a lot size of 6.639. 29903 FM 2978 is a studio with 0.0 baths. The property's zip code is 77354 which is in Magnolia, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange (IDX) Program of the Houston Realtors Information Service, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/28/2024.

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29903 FM 2978

Lots and Land for sale in Magnolia, TX

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