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For sale
  • $3,250,000

    28631 Fm 2978 Rd, Magnolia, TX 77354

    --beds
    1,665sqft
    : 
    $22,686/mo
    Get pre-qualified
    Farm
    Built in 1920
    11.29 Acres Lot
    $1,381,000 Zestimate®
    $1,952/sqft
    $-- HOA

    What's special

    Rare 11.289-acre unrestricted opportunity with approx. 414' frontage on FM 2978 near Hardin Store Rd! Ideal for residential, commercial or mixed-use investment and redevelopment. Property includes an older 1,665 SF single-family home with 3 bedroom 1.5 baths that may be renovated or removed for a new custom home, plus 4 commercial structures: 2,800 SF contractor workshop, 1,800 SF metal warehouse with interior office, 720 SF mechanic shop and 1,100 SF retail/office building. Approx. 8,085 SF total enclosed area, plus an additional 1,000 SF covered canopy attached to the warehouse. Two commercial tenants currently generate rental income, along with an income-producing billboard. Excellent opportunity for investors, owner-users or developers seeking acreage with existing income and future flexibility. Buyer to verify all measurements, restrictions and permitted uses.
    8 hours
    6
    0

    Zillow last checked:

    Listing updated:

    Listed by:

    Toan Vu TREC #0597434 832-640-4646,

    Greatland Living

    Source: HAR,MLS#: 62101983MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Window Unit
      Cooling
      • Window Unit(s)
      Features
      • Number of fireplaces: 1
      Interior area
      • Total structure area: 1,665
      • Total interior livable area: 1,665 sqft

      Property

      Parking
      • Parking features: No Garage
      Features
      • Stories: 1
      Lot
      • Size: 11.29 Acres
      • Features: Other, 10 Up to 15 Acres
      Details
      • Parcel number: 37721

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Farm
      Materials
      • Wood
      Condition
      • New construction: No
      • Year built: 1920

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well

      Community & HOA

      Community
      • Subdivision: Brown James
      Location
      • Region: Magnolia

      Financial & listing details

      • Price per square foot: $1,952/sqft
      • Tax assessed value: $1,314,286
      • Annual tax amount: $14,081
      • Date on market: 11/6/2026
      • Listing terms: Cash,Conventional,Investor
      • Road surface type: Asphalt, Gravel

        Estimated market value

        $1,381,000

        $1.06M - $1.81M

        $1,911/mo

        Price history

        DateEventPrice
        11/6/2026Listed for sale$3,250,000-13.3%$1,952/sqft
        Source: HAR #62101983 Report a problem
        7/4/2023Listing removed--
        Source: HAR #5400037 Report a problem
        3/27/2023Price change$3,750,000-6.1%$2,252/sqft
        Source: HAR #5400037 Report a problem
        1/10/2023Price change$3,995,000-6%$2,399/sqft
        Source: HAR #5400037 Report a problem
        11/8/2022Listed for sale$4,250,000+115.1%$2,553/sqft
        Source: HAR #5400037 Report a problem
        8/21/2017Listing removed$1,976,000$1,187/sqft
        Source: RE/MAX Integrity #42500172 Report a problem
        1/5/2017Listed for sale$1,976,000+3%$1,187/sqft
        Source: RE/MAX Integrity #42500172 Report a problem
        12/9/2014Price change$1,917,820+2457.1%$1,152/sqft
        Source: RE/MAX Integrity #37796378 Report a problem
        10/30/2014Listed for sale$75,000-96.1%$45/sqft
        Source: Total Home Management #23598289 Report a problem
        7/21/2014Listing removed$1,917,820$1,152/sqft
        Source: RE/MAX Integrity #37796378 Report a problem
        1/1/2013Listed for sale$1,917,820$1,152/sqft
        Source: RE/MAX Integrity #37796378 Report a problem
        11/3/2012Listing removed$1,917,820$1,152/sqft
        Source: The Real Estate Book #21965642 Report a problem
        9/30/2012Listed for sale$1,917,820$1,152/sqft
        Source: The Real Estate Book #21965642 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$20,776 +5.1%$1,314,286 +7.2%
        2024$19,777 +19.8%$1,226,000 +17.2%
        2023$16,511 $1,045,880
        2022-- $1,045,880 -5.9%
        2021$20,653 +31.9%$1,111,140 +40%
        2020$15,652 -2.5%$793,630
        2019$16,061 -6.1%$793,630 -1.9%
        2018$17,100 +40.1%$808,930 +40.5%
        2017$12,210 -7.4%$575,830 -7.4%
        2016$13,190 +89.6%$622,030 +91.7%
        2015$6,958 $324,410
        2014$6,958 $324,410 +3.2%
        2013-- $314,280 -3.1%
        2012-- $324,410 -1.9%
        2011-- $330,630
        2010-- $330,630
        2009-- $330,630
        2008-- $330,630
        2007-- $330,630 +96.5%
        2006-- $168,300
        2005-- $168,300
        2004-- $168,300
        2003-- $168,300
        2002-- $168,300 +53.8%
        2001-- $109,400
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 77354

        Getting around

        11 / 100
        Car-Dependent
        27 / 100
        Somewhat Bikeable

        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

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

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