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$35,000 Last Listed Price
● Land - Off Market

0 Walnut Dr

Conroe, TX
bedrooms
Studio
bathrooms
0 Bath
$34,804
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

2+ acres of land located in Magnolia Bend. Recreational use only. 2 additional CONTIGUOUS lots can be combined to make a total of 7+/- acres. A total price reduction of $30,000 if all three lots are bought by the buyer. No permanent structures allowed on property. Septic system constructions permits not available. Subject to deed restrictions and HOA. Lot is in a floodway. Buyer will need to verify lot dimensions. Buyer will need to purchase new survey if required. To confirm lot and boundaries it is advised to get a survey. Lot size is believed to be over 2 acres. This is only an estimate. Survey is needed to confirm. Buyer will need to verify utilities and restrictions. Please verify all information independently before purchase.
Unit Size
-
Days on Market
-
Land Size
2.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
$20
HOA Dues
$10
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (HAR #84106145)

Price History

Date / Event Date Event Price
Aug 21, 2023 Sold
Premium
Sold
Mar 28, 2023 Listed by CB&A, Realtors $35,000
Listed by CB&A, Realtors

Property Highlights

Exterior Details
Home Type: Lots
Lot size: 2.1722
Financial Details
Total Taxes: $241
Tax Year: 2022
Tax Rate: 1.7468
Parcel Number: 7000-02-05800
Utilities Details
Sewer Septic: No Sewer, No Water
Location Details
Location: 45 N, Exit 83 toward Creighton Rd., Right onto Creighton Rd., Right onto FM-1314, Right onto Old Humble Pipeline Rd., Right onto Magnolia Bend Dr., Keep Right onto Magnolia Bend Dr., Right onto Lakeview Dr., Left on to Walnut Dr., Lot is on your Right.
Subdivision: Magnolia Bend 02
HOA Details
HOA Fee: $125
HOA Fee Pay Schedule: Annually

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

Similar Homes for Sale

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HAR

Listed by: Anthony McCrady, CB&A, Realtors
Last Updated: 3 years ago
Data Source: HAR , MLS# 84106145
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively 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. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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