Hey INVESTORS! Fantastic Investment Opportunity, great location! This FIVE ACRES has 300' frontage on FM 1097 West, close to Lake Conroe. The back three acres has ten residential rental units, all leased. The front two acres can be developed as commercial property, great location for an RV Park, storage units, or add more rental units! So much potential for development with this mixed use property. The property has two working wells and a complete commercial sewer system. *** 5 acres includes R450692 4 acres AND R44569 1 acre*** Located in western Montgomery County, one of the fastest growing counties in Texas, with quick and easy access to I45, FM 149, Hwy 105 and Lake Conroe, and nestled within the area of proposed Lake Celestine, a multi-million dollar development which will provide residential, retail, office space, hotel and recreation. Tons of traffic pass this property between Montgomery and Willis! Don't miss this amazing investment opportunity!
Property Details
Property Features
Property Information:
Year Built: 2000
Stories: 1
Listing Office:
Office Name: Texas Premier Realty
Office Phone: (210) 844-8683
Listing Agent: Sharon Eddings
Lot Features
Lot Information:
Lot: Cleared
Utilities
Utilities Information:
Heating: Central, Electric
Cooling: Central Air, Electric
School Info
Assigned Schools Information:
Montgomery High School, Public District Grades 9-12
Montgomery Jr High School, Public District Grades 6-8
Montgomery Elementary School, Public District Grades PK-4
Other
Directions Information:
Directions: From I45 in Willis, take FM 1097 west 10 miles, property on left. From Montgomery, Hwy 105 to FM 1097, go east, property on the right.
Price Information
Listing Price Info
Price Summary:
List Price: $5,500,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Montgomery, TX.
This property is $5.0M more than the Median Sold Price in Montgomery, TX.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: HAR
MLS Number: #38870730
Listing Office:
Office Name: Texas Premier Realty
Office Phone: (210) 844-8683
Listing Agent: Sharon Eddings
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.
Last updated on: 9/27/2024, 8:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$27.5K
Per Month
Principal & Interest
$27.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$16.5K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
8
/10
Montgomery Elementary School
20774 Eva St
Distance between this listing and this school3.52 miles
Public District Grades PK-4
Middle School
7
/10
Montgomery Jr High School
19000 Stewart Creek Rd
Distance between this listing and this school3.06 miles
Public District Grades 6-8
High School
5
/10
Montgomery High School
22825 Highway 105 W
Distance between this listing and this school4.85 miles
Public District Grades 9-12
Assigned Schools
8
/10
Montgomery Elementary School
20774 Eva St
Distance between this listing and this school3.52 miles
Public District Grades PK-4
Nearby Schools
6
/10
Stewart Creek Elementary School
18990 Stewart Creek Rd
Distance between this listing and this school3.01 miles
Public District Grades PK-4
8
/10
Madeley Ranch Elementary School
3500 Madeley Ranch Rd
Distance between this listing and this school3.35 miles
Public District Grades PK-4
Assigned Schools
7
/10
Montgomery Jr High School
19000 Stewart Creek Rd
Distance between this listing and this school3.06 miles
Public District Grades 6-8
Nearby Schools
7
/10
Montgomery Intermediate School
700 Dr Martin Luther King Dr
Distance between this listing and this school3.32 miles
Public District Grades 5-5
3
/10
Robert P Brabham Middle School
10000 Fm 830 Rd
Distance between this listing and this school8.91 miles
Public District Grades 6-8
Assigned Schools
5
/10
Montgomery High School
22825 Highway 105 W
Distance between this listing and this school4.85 miles
Public District Grades 9-12
Nearby Schools
3
/10
Willis High School
1201 Fm 830 Rd
Distance between this listing and this school11.24 miles
Public District Grades 9-12
4
/10
New Waverly High School
9464 Hyw 75 South
Distance between this listing and this school12.08 miles
The neighbors living near this home have an average income of $121,344. Typical income of Montgomery, TX residents is $200k+ annually. Most families are married, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 19637 W Fm 1097th Rd
What is the listing price of this property?
The listing price of 19637 W Fm 1097th Rd property is $5,500,000.
What type of property is this?
The property 19637 W Fm 1097th Rd is a house located in Montgomery, Texas, 77356.
Is this property for sale now?
Active Listing: 19637 W Fm 1097th Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 19637 W Fm 1097th Rd are: Montgomery Elementary School: GreatSchools Rating 8/10Montgomery Jr High School: GreatSchools Rating 7/10Montgomery High School: GreatSchools Rating 5/10
Which year was this property built?
The year of construction for 19637 W Fm 1097th Rd is 2000.
Interested in 19637 W Fm 1097th Rd? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 19637 W Fm 1097th Rd in Montgomery, TX and zip code 77356 in the Lake Conroe neighborhood. This home was built in 2000. It has been listed on Rocket Homes since August 24, 2022 and is currently priced at $5,500,000.
Montgomery, TX housing market in August 2024 saw over 14 listings sold above listed price, more than 31 sold at listed price and over 98 sold below. Between July 2024 and August 2024, Montgomery, TX real estate market has seen increase in the number of listings by 10.3%. In August 2024 median list price was $413,456 and the average listing age was 43 days.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”. 
PGA/LPGA
PGA/LPGA
Skiing/snowboarding
College Football
Stein Mart
BJs Wholesale Club
Best Buy
Cracker Barrel
Panera
Bob Evans
Lexus
Infiniti
Lincoln
Oldies
Adult Hits
News/Talk/Information