Discover an exceptional opportunity with this vacant land parcel, perfect for multifamily development in the thriving community of Midlothian, Texas. This property, enveloped by mature trees, offers a serene and picturesque setting while being ideally suited for your next investment or development project. Zoned for multifamily use (PD-04), the land allows for the development of up to 6 units per acre, making it an ideal site for residential projects. A gas line runs through the property. Recent survey and topographic study are available, providing essential information for planning and construction. This land offers a unique combination of natural beauty and strategic potential for developers seeking to create a desirable residential community. With its prime zoning, picturesque surroundings, and available utilities, this property stands out as a premier development site in Midlothian.
Last updated on: 11/22/2024, 12:20:57 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.
$5,558
Per Month
Principal & Interest
$5,491
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
$3,364
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
6
/10
J.R. Irvin Elementary School
600 S 5th St
Distance between this listing and this school0.41 miles
Public District Grades PK-5
5
/10
J.A. Vitovsky Elementary School
333 Church St
Distance between this listing and this school2.07 miles
Public District Grades PK-5
6
/10
LaRue Miller Elementary School
2800 Sudith Ln
Distance between this listing and this school2.37 miles
Public District Grades PK-5
Nearby Schools
4
/10
Frank Seale Middle School
700 George Hopper Rd
Distance between this listing and this school1.05 miles
Public District Grades 6-8
6
/10
Dieterich Middle School
2881 Ledgestone Ln
Distance between this listing and this school2.55 miles
Public District Grades 6-8
5
/10
Walnut Grove Middle School
990 N Walnut Grove Rd
Distance between this listing and this school3.87 miles
Public District Grades 6-8
Nearby Schools
5
/10
Midlothian High School
923 S 9th St
Distance between this listing and this school0.51 miles
Public District Grades 9-12
5
/10
Midlothian Heritage High School
4000 FM 1387
Distance between this listing and this school3.51 miles
Public District Grades 9-12
3
/10
Venus High School
12 Bulldog Dr
Distance between this listing and this school6.72 miles
The neighbors living near this home have an average income of $64,094. Typical income of Midlothian, TX residents is between $35k-100k annually. The most common type of family is married, with kids. 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 925 Walter Stephenson Rd
What is the listing price of this property?
The listing price of 925 Walter Stephenson Rd property is $1,100,000.
What type of property is this?
The property 925 Walter Stephenson Rd is land located in Midlothian, Texas, 76065.
Is this property for sale now?
Active Listing: 925 Walter Stephenson Rd is For Sale (Active/New) which means the seller is accepting offers.
How much acreage is this property?
The property 925 Walter Stephenson Rd is 9.23 acres.
Interested in 925 Walter Stephenson 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 925 Walter Stephenson Rd in Midlothian, TX and zip code 76065 in the Sierra Vista neighborhood. This home sits on a 9.23 acre lot. It has been listed on Rocket Homes since August 03, 2024 and is currently priced at $1,100,000.
The inventory of homes for sale in Midlothian, TX between September 2024 and October 2024 decreased by 1.5%. In October 2024, listings were on the market for 116 days. During the same period, the median list price in this real estate market was $500,050.
From Rocket Homes Real Estate and based on county public records data.