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Seller's Agent in 2024
Michael Kennedy
EnCourage Realty
(832) 717-9000
1 in this area
35 Total Sales
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
EnCourage Realty License #0673315 Listed on: 07/18/2024
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Shepherd Huldy Development 1 Llc | -- | None Available |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Shepherd Huldy Development 1 Llc | $2,874,600 |
| 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 | -- | -- |
| 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 |
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Seller's Agent in 2024
Michael Kennedy
EnCourage Realty
(832) 717-9000
1 in this area
35 Total Sales
Source: Houston Association of REALTORS®
MLS Number: 54570080
APN: 0572870000006