This 10.07-acre commercial property offers over 900 feet of frontage in a rapidly growing area of Brazoria County, zoned for both light and heavy industrial use. According to the seller, the property is outside the flood plain and offset detention is required. Equipped with all city utilities, including water and sewer provided by the City of Pearland, it is ideal for families, business owners, and entertainers. The projected population within a 3-mile radius is expected to reach 84,483 by 2023, reflecting a 13.42% growth over five years. With quick access to Beltway 8, Highway 288, and Interstate 35, the property ensures easy connectivity to the Texas Medical Center, the Galleria, downtown Houston, and Hobby Airport. Nearby, the Pearland Town Center features a 700,000 square foot open-air mall with major retailers, and Magnolia Pkwy, a 4-lane boulevard, offers a convenient alternative to the congested FM 518. This is a unique opportunity for commercial development in a prime location.
Property Details
Property Features
Property Information:
Architectural Style: Patio Home
Listing Office:
Office Name: Better Homes and Gardens Real Estate Gary Greene - Bay Area
Office Phone: (281) 486-1900
Listing Agent: Shane Bergeson
Lot Features
Lot Information:
Lot: Other
Lot Size: 10.07 Acres
Other
Directions Information:
Directions: From 288, turn RIGHT onto Bailey Avenue, turn LEFT onto I-35, Turn LEFT onto Magnolia Parkway.
Price Information
Listing Price Info
Price Summary:
List Price: $2,193,028
Tax Information:
Annual Amount: $2,061
Tax Year: 2020
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 Pearland, TX.
This property is $1.8M more than the Median Sold Price in Pearland, TX.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: HAR
MLS Number: #60947456
Listing Office:
Office Name: Better Homes and Gardens Real Estate Gary Greene - Bay Area
Office Phone: (281) 486-1900
Listing Agent: Shane Bergeson
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: 11/15/2024, 11:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$2,061
$80,000
2019
$1,927
$71,440
2018
$1,920
$71,440
2017
$1,929
$71,440
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$11K
Per Month
Principal & Interest
$10.9K
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
$6,641
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Alexander Middle School
3001 Old Alvin Rd
Distance between this listing and this school0.60 miles
Public District Grades 5-6
9
/10
Magnolia Elementary School
5350 Magnolia Pkwy
Distance between this listing and this school1.13 miles
Public District Grades PK-4
7
/10
Leon Sablatura Middle School
2201 N Galveston Ave
Distance between this listing and this school1.40 miles
Public District Grades 5-6
Nearby Schools
6
/10
Pearland Jr. High South School
4719 Bailey Rd
Distance between this listing and this school1.15 miles
Public District Grades 7-8
4
/10
Horizon Montessori - Pearland
2319 N Grand Blvd
Distance between this listing and this school1.28 miles
Public Charter Grades PK-8
8
/10
Pearland Jr. High West School
2337 N Galveston Ave
Distance between this listing and this school1.29 miles
Public District Grades 7-8
Nearby Schools
6
/10
Pearland High School
3775 S Main St
Distance between this listing and this school1.00 miles
Public District Grades 9-12
8
/10
Robert Turner College and Career High School
4717 Bailey Rd
Distance between this listing and this school1.10 miles
Public District Grades 9-12
5
/10
J. Frank Dobie High School
10220 Blackhawk Blvd
Distance between this listing and this school3.72 miles
The neighbors living near this home have an average income of $110,553. Residents of Pearland, TX typically earn between $100k-200k each year. Residents typically live in married, with kids family. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3901 Magnolia Pkwy
What is the listing price of this property?
The listing price of 3901 Magnolia Pkwy property is $2,193,028.
What type of property is this?
The property 3901 Magnolia Pkwy is land located in Pearland, Texas, 77584.
Is this property for sale now?
Active Listing: 3901 Magnolia Pkwy is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $2,061 (source: MLS/based on county public records data).
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 3901 Magnolia Pkwy in Pearland, TX and zip code 77584. This home sits on a 10.07 acre lot. It has been listed on Rocket Homes since June 06, 2024 and is currently priced at $2,193,028.
While more than 23 listings in Pearland, TX in October 2024 were sold above asking price, there were more than 26 listings sold at asking price, and more than 63 were sold below. In October 2024 in Pearland, TX there were 15.2% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $373,466, while the average time on the real estate market was 31 days.
From Rocket Homes Real Estate and based on county public records data.