Three build ready lots totaling approximately 21,600 square feet (about one half acre) are available in Montgomery Terrace. Each lot measures approximately 60 ft x 120 ft (7,200 sq ft). The listing price includes all three lots, offering an exceptional opportunity for builders, developers, investors, or buyers looking to build multiple homes. The property provides the flexibility to construct three single family homes or develop the lots according to local regulations and buyer objectives. With generous lot sizes and a growing area surrounded by new development, this is an excellent opportunity. Whether you are a builder seeking your next project, an investor looking for development potential, or someone planning custom homes for family or resale, this property offers outstanding possibilities.
Approximate lot boundaries are shown in the marketing drawing and should be verified by the buyer. Survey and due diligence are recommended.
Lot/land
Price cut: $1K (9/20)
$298,000
8524 Observatory St, Houston, TX 77088
--beds
0baths
0.5Acres
Unimproved Land
Built in ----
0.5 Acres Lot
$-- Zestimate®
$--/sqft
$10/mo HOA
What's special
Generous lot sizesThree build ready lots
- 105 days
- 35
- 6
Zillow last checked:
Listing updated:
Listed by:
Omeed Owhadian TREC #0728672 713-298-6471,
CB&A, Realtors-Katy
Source: HAR,MLS#: 96982766
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- Fencing: Fenced
Lot
- Size: 0.5 Acres
- Dimensions: 180 x 120 x 180 x 120
- Features: Cul-De-Sac, Interior Lot, Subdivided, 1/4 Up to 1/2 Acre, Cleared, Sidewalks
Details
- Additional parcels included: 098-637-000-0272
- Parcel number: 0986370000259
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Cable Available, Electricity Available
Community & HOA
Community
- Subdivision: Montgomery Terrace Tr C U/R
HOA
- Has HOA: Yes
- HOA fee: $120 annually
Location
- Region: Houston
Financial & listing details
- Tax assessed value: $139,098
- Annual tax amount: $8,772
- Date on market: 6/17/2026
- Listing terms: Cash,Conventional,Investor
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/20/2026 | Price change | $298,000-0.3% |
Source: | ||
| 6/17/2026 | Price change | $299,000+206.7% |
Source: | ||
| 3/7/2026 | Price change | $97,500-0.3% |
Source: | ||
| 1/6/2026 | Price change | $97,750-0.3% |
Source: | ||
| 12/1/2025 | Price change | $98,000-0.3% |
Source: | ||
| 11/5/2025 | Listed for sale | $98,250-0.3% |
Source: | ||
| 4/11/2025 | Listed for sale | $98,500-0.5% |
Source: | ||
| 5/13/2024 | Price change | $99,000-69.5% |
Source: | ||
| 5/2/2024 | Listed for sale | $325,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,744 -60% | $139,098 -60.6% |
| 2024 | $4,362 -5.9% | $353,052 -11.5% |
| 2023 | $4,637 +64.7% | $399,055 +66.8% |
| 2022 | $2,815 | $239,209 +29.7% |
| 2021 | -- | $184,425 +1.1% |
| 2020 | $37 +43.3% | $182,435 +75.4% |
| 2019 | $26 -96.3% | $104,000 -24.4% |
| 2018 | $696 | $137,535 +45.4% |
| 2017 | $696 +3.7% | $94,566 |
| 2016 | $672 -28.3% | $94,566 -12.3% |
| 2015 | $936 | $107,800 -7.8% |
| 2014 | $936 | $116,911 |
| 2013 | -- | $116,911 |
| 2012 | -- | $116,911 |
| 2011 | -- | $116,911 |
| 2010 | -- | $116,911 |
| 2009 | -- | $116,911 +17.2% |
| 2007 | -- | $99,795 +12.2% |
| 2006 | -- | $88,935 +10% |
| 2005 | -- | $80,850 +10% |
| 2004 | -- | $73,500 +3.1% |
| 2003 | -- | $71,300 |
| 2002 | -- | $71,300 +1.6% |
| 2001 | -- | $70,200 +20% |
| 2000 | -- | $58,500 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Acres Home
Nearby schools
Schools provided by the listing agent
- Elementary: Caraway Elementary School (Aldine)
- Middle: Garcia Middle School (Aldine)
- High: Carver H S For Applied Tech/Engineering/Arts
Source: HAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




