414 E 40th 1 2 St Houston, TX 77018
Independence Heights NeighborhoodEstimated payment $1,199/month
Total Views
6,510
0.11
Acres
$1,643,556
Price per Acre
5,005
Sq Ft Lot
About This Lot
TWO FULLY REPLATTED LOTS, CLEARED AND READY FOR DEVELOPMENT! This prime investment opportunity is located in the rapidly growing Independence Heights area. Together, the lots offer approximately 5,034 sq. ft., with each individual lot providing approximately 2,517 sq. ft. Purchase both lots for $184,900 or buy individually for $92,450 each. Conveniently located just minutes from Loop 610 and only 15 minutes from Downtown Houston, this property is surrounded by new construction and ongoing redevelopment, making it an excellent opportunity for builders, developers, and investors. Whether you're planning a custom home or your next investment project, these shovel-ready lots offer outstanding value in one of Houston's fastest-growing neighborhoods. Don't miss your chance to build in this thriving community!
Listing Agent
Cornerstone Real Estate Alliance, LLC Brokerage Email: perivera.realtor@gmail.com License #0677322 Listed on: 08/04/2026
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,153
Lot Details
- 5,005 Sq Ft Lot
- Cleared Lot
Schools
- Kennedy Elementary School
- Williams Middle School
- Washington High School
Community Details
- Magnolia Villas Subdivision
Listing and Financial Details
- Tax Lot 1, 2
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $2,153 | $101,301 | $101,301 | |
| 2024 | $2,737 | $130,830 | $130,830 | |
| 2023 | $2,419 | $120,060 | $120,060 | $0 |
| 2022 | $2,644 | $115,165 | $115,165 | $0 |
| 2021 | $2,215 | $95,048 | $95,048 | $0 |
| 2020 | $2,181 | $90,045 | $90,045 | $0 |
| 2019 | $1,139 | $45,023 | $45,023 | $0 |
| 2018 | $1,139 | $45,023 | $45,023 | $0 |
| 2017 | $759 | $30,015 | $30,015 | $0 |
| 2016 | $506 | $20,010 | $20,010 | $0 |
| 2015 | $354 | $20,010 | $20,010 | $0 |
| 2014 | $354 | $13,757 | $13,757 | $0 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/04/2026 08/04/26 | For Sale | $184,900 | +68.1% | -- | |
| 07/31/2026 07/31/26 | Sold | -- | -- | -- | View Prior Sale |
| 06/08/2026 06/08/26 | Pending | -- | -- | -- | |
| 05/05/2026 05/05/26 | For Sale | $110,000 | +23.6% | -- | |
| 04/04/2024 04/04/24 | Sold | -- | -- | -- | View Prior Sale |
| 04/02/2024 04/02/24 | Price Changed | $89,000 | -6.3% | -- | |
| 03/30/2024 03/30/24 | For Sale | $95,000 | -- | -- |
Source: Houston Association of REALTORS®
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Alamo Title Company | |
| Warranty Deed | -- | None Available | |
| Cash Sale Deed | -- | None Available | |
| Deed | $22,500 | None Available |
Source: Public Records
About the Listing Agent
Patricia is originally from Salinas, California and moved to Houston over 39 years ago. She has 32 years of experience in the real estate realm, that include purchasing, rehabbing, investing, and selling. She is a landlord with multiple homes in the Houston area. She also has over 28 years of experience in the construction industry having managed estimating teams on multi-million dollar projects. Patricia holds two B.S. degrees from Prairie View A&M University, one in Construction Science and
Patricia's Other Listings
Source: Houston Association of REALTORS®
MLS Number: 98021672
APN: 0620540210006
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Copyright 2026, Houston REALTORS® Information Service, Inc.
The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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