NOT LISTED FOR SALE
0.56 Acre
-- Price per Acre
24,324 Sq Ft Lot

Last Sold September 20, 2024

6 Days on Market

Highlights

  • 0.56 Acre Lot
  • Interior Lot
  • Fenced
  • Baker Montessori Rated A-
  • Security Gate

About This Lot

As of September 2024

Discover the potential of this .55ac parcel on South Shepherd Drive, near Westheimer. Ideal for multifamily and retail development, this below-market-priced property. As a bank-owned property, it’s perfect for developers seeking a prime location in an affluent area.

Located 15 minutes from downtown Houston, 5 minutes from Greenway Plaza, and 10 minutes from the Galleria, the property features dual ingress/egress for easy access via San Felipe/Westheimer. The neighborhood, with homes selling for $1,000,000+, underscores its upscale appeal.

This is one of the last multi-parcel opportunities in the prestigious River Oaks/Upper Kirby area, ideal for multi-lot residential development. With high-value neighboring properties and an affluent demographic, the potential for high-end residential or mixed-use development is exceptional.

Don’t miss this opportunity to develop in one of Houston’s most sought-after areas.

Last Agent to Sell the Property

Michael Kennedy

EnCourage Realty License #0673315 Listed on: 07/18/2024

Last Buyer's Agent

Michael Kennedy

EnCourage Realty License #0673315 Listed on: 07/18/2024

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $13,495

Lot Details

  • 0.56 Acre Lot
  • Fenced
  • Interior Lot
  • Cleared Lot
  • May Be Possible The Lot Can Be Split Into 2+ Parcels

Schools

  • Baker Montessori Elementary School
  • Lanier Middle School
  • Lamar High School

Utilities

  • Phone Available
  • Cable TV Available

Community Details

  • Morgan Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$13,495

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.5584
  • Road Surface Type: Asphalt
  • Subdivision Name: Morgan
  • UniversalParcelId: urn:reso:upi:2.0:US:48201:057-287-000-0006
  • Special Features: RealEstateOwned
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Multi-Family, Residential, Single Family

Exterior Features

  • Fencing: Fenced
  • Lot Features: Cleared, Interior Lot, Other, Split Possible

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available
  • Security: Security Gate
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutter(s), Sidewalks

Schools

  • Elementary School: BAKER MONTESSORI SCHOOL
  • Junior High Dist: 27 - Houston
  • High School: LAMAR HIGH SCHOOL (HOUSTON)
  • Middle Or Junior School: LANIER MIDDLE SCHOOL

Lot Info

  • Additional Parcels Description: 057-287-000-0005,064-053-000-0006
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 13495.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 1, 2018
Sold by
Carlock Carl T
Bought by
Shepherd Huldy Development 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,874,600
Interest Rate
4.45%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Shepherd Huldy Development 1 Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Shepherd Huldy Development 1 Llc $2,874,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2024 09/20/24 Sold -- -- --
07/25/2024 07/25/24 Pending -- -- --
07/18/2024 07/18/24 For Sale $2,499,000 -- --
Source: Houston Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,012 $671,150 $662,865 $8,285
2024 $14,012 $669,690 $661,500 $8,190
2023 $14,012 $669,785 $661,500 $8,285
2022 $13,339 $599,477 $592,200 $7,277
2021 $13,357 $573,111 $567,000 $6,111
2020 $13,851 $571,961 $567,000 $4,961
2019 $13,676 $540,461 $535,500 $4,961
2018 $13,676 $540,461 $535,500 $4,961
2017 $14,341 $540,461 $535,500 $4,961
2016 $14,341 $540,461 $535,500 $4,961
2015 $479 $414,461 $409,500 $4,961
2014 $479 $383,072 $378,000 $5,072
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Houston Association of REALTORS®

MLS Number: 54570080

Houston Association of REALTORS®

APN: 0572870000006