When was property at 306 Commerce Street built and last sold?

The property at 306 Commerce Street was built in 1966 and last sold on Jan 1, 1970 for $0.

How much is this home worth?

The estimated value of the home located at 306 Commerce Street is $301,990.

What are some comparable homes to 306 Commerce Street?

There are currently no comparable homes to 306 Commerce Street.

Magnolia

77355

306 Commerce Street

$299,000 Last Listed Price

● House - Off Market

306 Commerce Street

Magnolia, TX 77355

2 Beds

1 Bath, 1 Half Bath

1,572 Ft²

$1,670

Est. Monthly

About This Property

This home is in the heart of Magnolia and sits on a large .792+/- acres. Conveniently located in the town center and could be used as a small retail shopping, bed & breakfast, home business, etc. The City must approve any small business that would like this location. Backs up to the Stroll, which is intended as a walkable retail shopping and entertainment area. Carport. Great location in the City of Magnolia, close to shopping, schools, and churches. So much potential to rebuild for your small business that suits your needs. Although it was used as residential, it was rezoned as Town Center. It can not be used as residential, only a small business. Home is sold "as is".

Unit Size

1,572 Ft²

Days on Market

Land Size

0.79 acres

Price per sqft

$190

Property Type

House

Property Taxes

$202

HOA Dues

Year Built

1966

Payment Calculator

Cap Rate Calculator

Last updated: 5 months ago (HAR #7175016)

Price History

Date / Event	Date	Event
Aug 16, 2024	Sold	Premium
Sold
Jul 6, 2024	In contract	-
In contract
Jun 19, 2024	No longer available	-
No longer available
Jun 18, 2024	Listed by Carswell Real Estate Co. Inc.	$299,000
Listed by Carswell Real Estate Co. Inc.

	This home is in the heart of Magnolia and sits on a large .792+/- acres. Conveniently located in the town center and could be used as a small retail shopping, bed & breakfast, home business, etc. The City must approve any small business that would like this location. Backs up to the Stroll, which is intended as a walkable retail shopping and entertainment area. Carport. Great location in the City of Magnolia, close to shopping, schools, and churches. So much potential to rebuild for your small business that suits your needs. Although it was used as residential, it was rezoned as Town Center. It can not be used as residential, only a small business. Home is sold "as is".
Jun 5, 2024	Price Decreased	$299,000 ↓ $26K (8%)
Price Decreased
May 23, 2024	Price Decreased	$325,000 ↓ $74K (18.6%)
Price Decreased
Mar 13, 2024	Price Decreased	$399,000 ↓ $36K (8.3%)
Price Decreased
Feb 8, 2024	Price Decreased	$435,000 ↓ $15K (3.3%)
Price Decreased
Aug 16, 2023	Listed by Carswell Real Estate Co. Inc.	$450,000
Listed by Carswell Real Estate Co. Inc.

	This home is in the heart of Magnolia and sits on a large .792+/- acres. Conveniently located in the town center and could be used as a small retail shopping, bed & breakfast, home business, etc. The City must approve any small business that would like this location. Backs up to the Stroll, which is intended as a walkable retail shopping and entertainment area. Carport. Great location in the City of Magnolia, close to shopping, schools, and churches. So much potential to rebuild for your small business that suits your needs. Although it was used as residential, it was rezoned as Town Center. It can not be used as residential, only a small business. Home is sold "as is".

Property Highlights

Fireplace

Building Info

Overview

General

Year Built: 1966

Effective Year Built: 1966
Building Count: 1
Bedroom Count: 0
Bathroom Count: 1
Full Bathrooms: 1
Partial Bathrooms: 1
Bathroom Plumbing Fixtures: 5
Building Condition: 6
Building Quality: 7
Construction Type: 0
Building Style: 0
Exterior Walls Type: 3
Interior Walls Type: 3
Roof Shape Type: 0
Roof Cover Type: 3
Floor Count: 100
Living Units: 1
Floor Cover: 13
Basement Type: 0
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 59
Porch Type: 102
Pool Type: 0

Dimensions

Lot Size Square Feet: 34,500

Total Building Area: 1,572
Building Area: 1,572
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 3
Heated Square Feet: 1,572
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: MAGNOLIA MELTON
Land Acres: 0000000792
Standard Land Use Code: 1001
County Land Use Code: A1
State Land Use Code: A1
Legal Description 1: MAGNOLIA MELTON, BLOCK 7, LOT 11-20, ACRES 0.792

Neighborhood

School District Name: Magnolia Independent School District

School Tax School District: LONE STAR COLLE
Census Tract: 690204

Zoning

Zoning: 2

Geography

Parcel: 7120-00-16600

Block: 7
Lot: 11-20
Municipality: CITY OF MAGNOLIA
Latitude: 30.2079
Longitude: -95.7497

Address

Full Address: 306 Commerce St

Address - House Number: 306
Address - Street Name: Commerce
Address - Suffix Type: St
State: TX
City Name: Magnolia
Carrier Code: R049
4-Digit Zip Code: 8512
Zip Code: 77355

Valuation

Tax

Tax Year: 2022

Tax Amount: $44,646
Tax Rate Code Area: SMA

Appraisal Valuation

Standard Deviation: 0.1904

Valuation Date: Feb 07, 2024
Confidence Score: 74
Final Value: 433,003
High Value: 515,489
Low Value: 350,518

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium
First Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $124,450

Market Land Value: $103,500
Market Improvement Value: $82,730

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $124,450
Assessed Land Value: $103,500
Assessed Improvements Value: $82,730

Exemptions

Veteran Exemption: Yes

Senior Citizen Exemption : Yes
Homeowner Exemption: Yes

Data used for valuation calculations is provided by RealtyHop, and other third party sources

Request mortgage information redaction

Comparables

About Magnolia

Stats & Trends

Median Asking:

$267,990

Sale Price/ft²

$155

Below Asking

0.01%

Average Days on Market

Average Home Size

2210 ft²

Average Home Age

2.8 years

Currently For Sale

83 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 42813 Terraza Boulevard, Magnolia, TX, 77354

$2,699 /mo

4 Beds
3 Baths
2,219 ft²

42813 Terraza Boulevard, Magnolia, TX, 77354 Listing by Scott Laird

Unit for rent at 31502 Marlin Street, Magnolia, TX, 77355

$1,600 /mo

3 Beds
2 Baths
1,512 ft²

31502 Marlin Street, Magnolia, TX, 77355 Listing by Anna Bierman

Unit for rent at 1328 Wicklow Forest Street, Magnolia, TX, 77354

$2,275 /mo

3 Beds
2 Baths
1,722 ft²

1328 Wicklow Forest Street, Magnolia, TX, 77354 Listing by Charlotte Broesche

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Ellisa Carswell, Carswell Real Estate Co. Inc.
Last Updated: 5 months ago
Data Source: HAR , MLS# 7175016

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.

306 Commerce Street

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Magnolia

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions