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$165,000
●
Land -
For Sale
12737 Oak Barrel Road
Willis, TX 77378
Studio
0 Bath
$1,081
Est. Monthly
$38
HOA / Fees
About This Property
Discover over 2 acres of prime land in the desirable Republic Grand
Ranch, ready for your dream home! This spacious lot is one of the
few that is almost perfectly square and one of the largest front
entries in the neighborhood. The current owners have invested 5K
clearing the lot to prep it for home construction, leaving enough
brush for privacy and there are no pipelines or waterways to limit
your vision. Located just outside Willis, enjoy the peaceful
country lifestyle while being close to top-rated schools and
convenient shopping, everything you need is just minutes away.
Republic Grand Ranch is a wooded community nestled in the
rolling hills, offering a perfect setting for your forever home.
Enjoy community amenities including covered pavilions, parks,
ponds, playgrounds, and BBQ areas. Explore the abundance of green
space and trails perfect for hiking, biking, and horseback riding.
This beautiful, secluded parcel is waiting for you to create the
home of your dreams!
Unit Size
-
Days on Market
-
Land Size
2.01 acres
Price per sqft
-
Property Type
Land
Property Taxes
$232
HOA Dues
$38
Year Built
-
Listed By
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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: 9 months ago (HAR #90017140)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 15, 2026 | Listed by Redfin Corporation | $165,000 | |
| Listed by Redfin Corporation | |||
| Feb 20, 2025 | Listed | $175,000 | |
| Listed | |||
| | |||
|
Discover over 2 acres of prime land in the desirable Republic Grand Ranch, ready for your dream home! This spacious lot is one of the few that is almost perfectly square and one of the largest front entries in the neighborhood. The current owners have invested 5K clearing the lot to prep it for home construction, leaving enough brush for privacy and there are no pipelines or waterways to limit your vision. Located just outside Willis, enjoy the peaceful country lifestyle while being close to top-rated schools and convenient shopping, everything you need is just minutes away. Republic Grand Ranch is a wooded community nestled in the rolling hills, offering a perfect setting for your forever home. Enjoy community amenities including covered pavilions, parks, ponds, playgrounds, and BBQ areas. Explore the abundance of green space and trails perfect for hiking, biking, and horseback riding. This beautiful, secluded parcel is waiting for you to create the home of your dreams!
| |||
Property Highlights
Exterior Details
Lot Features: Cul-De-Sac, Interior Lot, Cleared, Subdivision, 2 Up to 5 Acres
Lot Size Area: 2.01
Lot Size Units: Acres
Lot Size Acres: 2.01
Lot Size Square Feet: 87555.6
Water Source: Water District
Financial Details
Tax Annual Amount: $2,788
Location Details
HOA Fee: $450
HOA Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Montgomery
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Listed by: Heather Trocmet, Redfin Corporation
Last Updated: 9 months ago
Data Source: HAR , MLS# 90017140
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Last Updated: 9 months ago
Data Source: HAR , MLS# 90017140
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