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$199,999   Price Analysis
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5129 Reed Rd
Houston, TX 77033
Unknown bed 0 bath unknown SqFt ($0/SqFt)
0.29 acre lot.
Listed 2024-04-10, Taxes $1,814
Ⓧ USDA Ineligible
due to property

near Houston

Here's your chance to own a cleared lot that has already been re-platted into 2 separate lots ready for construction.

These lots are unrestricted in use and will not violate deed restrictions with multi-unit development. Given the City of Houston's new Livable Places Ordinance the highest and best use calls for construction of multiple multi-unit dwellings (duplex, triplex, fourplex). This current replat design has been executed multiple times in the same neighborhood on similar size lot with improved new construction valued into $1M+ with multiple duplexes.

Building multiple triplexes or fourplexes will llow for $1.4M+ improvement values. A recently completed survey is available, as well as Harris County recorded replat mylars. Sellers also have recently completed new construction appraisals available to share for prospective buyers.


Presented by Anthony Griffin at
The Kalu Group.


Property MLS #55439164 from Houston

Total Bathrooms: 0

Additional Parcels Description: 146-000-001-0002
Lot Description: Cleared, Subdivision
Lot Size Acres: 0.2893
Lot Size Source: Survey
Lot Size Square Feet: 12602

Fencing: Fenced
Road Surface Type: Concrete

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School: WOODSON ELEMENTARY SCHOOL
Elementary School District: 27 - Houston
High School: WORTHING HIGH SCHOOL
High School District: 27 - Houston
Middle School: THOMAS MIDDLE SCHOOL
Middle or Junior School District: 27 - Houston

Worthing High School is a public high school located approximately 1.3 miles away.
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Thomas Middle School is a public middle school located approximately 1.6 miles away.
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Woodson School is a public elementary school located approximately 1.7 miles away.
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Ar Carethers Christian Academy is a private elementary school located approximately 1.1 miles away.
directions icon Map directions

Annual Tax Amount: 1329
Source Listing Status: Active
County: Harris
Directions: From HWY 288 head south, Exit Reed Road turning East on Reed Road towards Cullen. Go through the Cullen and Jutland streetlights and the lot will be on the left across the street from Grimes Park.
Tax Year: 2023
Source Property Type: Land
Possible Use: MultiFamily, Residential, SingleFamily
Area: 3
MLS Area Minor: Medical Center South
Source Neighborhood: Melissa Grace Gardens
Parcel Number: 146-000-001-0001
Postal City: Houston
Subdivision: Melissa Grace Gardens
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$0 + $75,600
$75,600
$1,814
2020$0 + $44,100
$44,100
$1,058
2019$0 + $37,800
$37,800
$915
2018$0 + $37,800
$37,800
$957
2017$0 + $18,900
$18,900
$477
2016$0 + $18,900
$18,900
$478
2015$0 + $18,900
$18,900
$479
2014$0 + $18,900
$18,900
$486
2013$unknown + $18,900
$18,900
$484
2012$unknown + $unknown
$18,900
$523
2011$unknown + $unknown
$18,900
$478
2010$unknown + $unknown
$18,900
$523
2009$unknown + $unknown
$18,900
$522
2008$unknown + $unknown
$18,900
$305

Price Changed 2024-04-28
$199,999
Houston
Listed 2024-04-10
$225,000
Houston
Listing removed 2024-04-10
$225,000
Houston
Listed 2023-11-10
$225,000
Houston
Listing removed 2023-01-01
$250,000
Houston
Listed 2022-07-16
$250,000
Houston
Listing removed 2018-03-23
$26,900
Houston
Listed 2017-07-06
$26,900
Houston
Listing removed 2017-02-26
$40,950
Houston
Listed 2016-11-30
$40,950
Houston
Listing removed 2011-02-03
$18,599
Houston
Price Changed 2011-02-02
$18,599
Houston
Price Changed 2010-04-12
$22,500
Houston
Listed 2010-02-02
$20,000
Houston

Sewer: PublicSewer
CableAvailable
ElectricityAvailable
NaturalGasAvailable
PhoneAvailable
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.