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Off market
    • $994,000

    27008 Fm 2978 Rd, Magnolia, TX 77354

    0beds
    3.7Acres
    VacantLand
    Built in 1970
    3.7 Acres Lot
    $994,000 Zestimate®
    $793/sqft
    $-- Estimated rent

    Home value

    $994,000

    $716,000 - $1.38M

    Not available

    Zestimate® history
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    What's special

    Investment property currently has two tenants both under lease for 3 years. Prime +/- 3.7 Acres for Sale/Lease/Build-to-Suit, +/- 1000 ft. from new North Grove subdivision - luxury residential development (850+ rooftops). Ideal for Retail, Nursery, Grocery, Casual Dining, Banking, C-Store etc. Property has a newly renovated "Cottage Office", RV and a Brick Ranch Style house currently on it. Owner/Agent

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 0
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Other, Gas
    Cooling
    • Central
    Interior area
    • Structure area source: Appraisal District
    • Total interior livable area: 1,254 sqft

    Property

    Parking
    • Parking features: None, Garage
    Features
    • Exterior features: Other
    Lot
    • Size: 3.7 Acres
    • Features: 2 Up to 5 Acres
    Details
    • Parcel number: 00270104800

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well

    Community & HOA

    Location
    • Region: Magnolia

    Financial & listing details

    • Price per square foot: $793/sqft
    • Tax assessed value: $626,417
    • Annual tax amount: $9,902
    • Road surface type: Gravel

    Price history

    DateEventPrice
    12/27/2020Listing removed--
    Source: RE/MAX International Report a problem
    7/15/2020Listing removed$2,750$2/sqft
    Source: RE/MAX The Woodlands & Spring #4792142 Report a problem
    6/16/2020Listed for rent$2,750+175%$2/sqft
    Source: RE/MAX The Woodlands & Spring #4792142 Report a problem
    5/8/2020Listed for sale$1,200,000$957/sqft
    Source: RE/MAX The Woodlands & Spring #36431608 Report a problem
    4/1/2020Listing removed$1,200,000$957/sqft
    Source: RE/MAX The Woodlands & Spring #72018939 Report a problem
    3/11/2019Listed for sale$1,200,000+6.7%$957/sqft
    Source: RE/MAX Carlton Woods Sales #72018939 Report a problem
    6/7/2018Listing removed$1,125,000$897/sqft
    Source: RE/MAX CARLTON WOODS #52512785 Report a problem
    4/30/2018Listed for sale$1,125,000$897/sqft
    Source: RE/MAX Carlton Woods Sales #52512785 Report a problem
    11/5/2015Listing removed$1,000$1/sqft
    Source: Pinnacle Real Estate, LLC #65577970 Report a problem
    10/26/2015Listed for rent$1,000$1/sqft
    Source: Pinnacle Real Estate, LLC #65577970 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,902 -1.8%$626,417 +0.3%
    2024$10,079 +0.7%$624,840 -1.4%
    2023$10,006 $633,830 -1.4%
    2022-- $642,820 +96.8%
    2021$6,070 +28.5%$326,580 +36.4%
    2020$4,723 +3.6%$239,480 +6.3%
    2019$4,559 +19.2%$225,270 +24.5%
    2018$3,825 -0.3%$180,950
    2017$3,837 -0.4%$180,950 -0.4%
    2016$3,854 +26.4%$181,750 +29.8%
    2015$3,049 $140,030 -1.5%
    2014$3,049 $142,140 +16.2%
    2013-- $122,300
    2012-- $122,300
    2011-- $122,300 -0.5%
    2010-- $122,920
    2009-- $122,920
    2008-- $122,920
    2007-- $122,920 +42.9%
    2006-- $86,000
    2005-- $86,000 +32.6%
    2004-- $64,840 -43.9%
    2003-- $115,520
    2002-- $115,520 +73.3%
    2001-- $66,650
    Find assessor info on the county website

    Neighborhood: 77354

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: CEDRIC C. SMITH ELEMENTARY SCHOOL
    • Middle: BEAR BRANCH JUNIOR HIGH SCHOOL
    • High: MAGNOLIA HIGH SCHOOL
    • District: 36 - Magnolia

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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