15
Map
$205,000
●
Land -
For Sale
40 Hall Drive N
Montgomery, TX 77316
Studio
0 Bath
$1,207
Est. Monthly
About This Property
Rare opportunity to own 2 acres in a highly convenient location
near Magnolia and Tomball! Partially cleared and partially wooded,
this versatile property offers the perfect blend of open space and
natural privacy. Imagine building your dream home tucked among the
trees, creating your own private retreat, or exploring the
possibilities for future investment. The property is fenced and
gated, with a water tap already in place, an existing septic system
of unknown condition, and no HOA or known deed restrictions.
Whether you're searching for a homesite, recreational property, or
an investment opportunity, the possibilities are worth exploring.
Conveniently located approximately 1 mile from the 249 Toll Road,
providing easy access to Magnolia, Tomball, surrounding
communities. Zoned to Magnolia ISD and approximately 45 minutes
from Houston. Enjoy the freedom of acreage living with convenient
access to shopping, dining, and major thoroughfares. Bring your
vision and discover the potential!
Unit Size
-
Days on Market
-
Land Size
2.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$200
HOA Dues
-
Year Built
1999
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: 6 days ago (HAR #90832016)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 1, 2026 | Listed by Better Homes and Gardens Real Estate Gary Greene - Champions | $205,000 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - Champions | |||
| Sep 25, 2026 | Sold | ||
| Sold | |||
| Sep 8, 2026 | Listed by Red Ink Realty | $170,000 | |
| Listed by Red Ink Realty | |||
   | |||
|
Enjoy the peace and privacy of a quiet setting while being conveniently located near everyday amenities, shopping, dining, schools, and major roadways. Whether you’re looking to renovate and make it your own, add value for resale, or build your investment portfolio, this property offers plenty of possibilities.
| |||
Property Highlights
Parking Details
Has Open Parking
Parking Features: Driveway
Exterior Details
Lot Features: Subdivided, Open Lot, Cleared, 1 Up to 2 Acres, Other Lot Improvements
Lot Size Area: 2
Lot Size Units: Acres
Lot Size Acres: 2
Lot Size Square Feet: 87120
Lot Size Dimensions: 207 x 420 x 207 x 420
Water Source: Public, Other
Financial Details
Tax Annual Amount: $2,403
Utilities Details
Sewer : Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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 Convenient Country Estates
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Victoria Lewis, Better Homes and Gardens Real Estate Gary Greene - Champions
Last Updated: 6 days ago
Data Source: HAR , MLS# 90832016
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Last Updated: 6 days ago
Data Source: HAR , MLS# 90832016
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