$98,500
$227K PRICE DROP

8524 Observatory St Houston, TX 77088

Greater Inwood Neighborhood

Estimated payment $633/month

Total Views 6,856
0.5 Acre
$198,629 Price per Acre
21,601 Sq Ft Lot

Highlights

  • 0.5 Acre Lot
  • Interior Lot
  • Fenced
  • Cul-De-Sac

About This Lot

Three Lots for Sale on half acre, $99,000 for EACH lot, approximately 7200 sq ft EACH lot. Can Be Purchased Separately, Located in the Montgomery Terrace, these three lots offer a unique opportunity for investors, developers, or individuals seeking to build their dream homes. Each lot boasts ample space and flexibility, allowing buyers to customize their vision according to their preferences. There's plenty of room to bring your vision to life. Whether you're dreaming of a sprawling estate or a cozy retreat, these lots provide ample space for construction, landscaping, and outdoor activities. Whether you're an investor looking to capitalize on the growing demand for real estate in the area or a homeowner eager to build your forever home, these lots offer endless possibilities. Drawing shows approximate boundaries, will need new survey to subdivide.

Listing Agent

Omeed Owhadian

CB&A, Realtors-Katy License #0728672 Listed on: 05/02/2024

CB&A, Realtors-Katy

Property Details

Property Type

  • Land

Lot Details

  • 0.5 Acre Lot
  • Cul-De-Sac
  • Fenced
  • Interior Lot
  • Cleared Lot
  • Additional Parcels

HOA Fees

  • $10 Monthly HOA Fees

Schools

  • Caraway Elementary School
  • Garcia Middle School
  • Carver H S For Applied Tech/Engineering/Arts High School

Utilities

  • Phone Available
  • Cable TV Available

Community Details

  • Montgomery Terrace HOA Inc Association, Phone Number (713) 557-2434
  • Montgomery Terrace Tr C U/R Subdivision

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$10 per month

Listing Details

  • Directions: Follow Ella Blvd, Wheatley St and W Montgomery Rd to Observatory St 16 min (5.8 mi) Merge onto N Loop W/N Loop W Fwy ? 0.3 mi Turn left onto Ella Blvd Pass by KFC (on the right) ? 2.1 mi Continue onto Wheatley St ? 1.5 mi Turn left onto W Montgomery Rd ? 1.6 mi Turn left onto Ellington St ? 472 ft Turn left onto Observatory St Destination will be on the left
  • Prop. Type: Land
  • Lot Size Acres: 0.4959
  • Subdivision Name: Montgomery Terrace Tr C U/R
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Disclosures: None
  • Fencing: Fenced
  • Lot Features: Cleared, Cul-De-Sac, Interior Lot, Subdivision

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Association Fee: 120.0
  • Association Fee Frequency: Annually
  • Association Name: Montgomery Terrace HOA Inc
  • Phone: 713-557-2434
  • Association: Yes

Schools

  • Elementary School: CARAWAY ELEMENTARY SCHOOL (ALDINE)
  • Junior High Dist: 1 - Aldine
  • High School: CARVER H S FOR APPLIED TECH/ENGINEERING/ARTS
  • Middle Or Junior School: GARCIA MIDDLE SCHOOL (ALDINE)

Lot Info

  • Additional Parcels Description: 098-637-000-0272
  • Additional Parcels: Yes
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8772.0

Map

Range of Values:

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Average Value
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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

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
2024 $8,012 $353,052 $139,098 $213,954
2023 $8,772 $399,055 $183,911 $215,144
2022 $5,738 $239,209 $100,590 $138,619
2021 $3,161 $184,425 $64,665 $119,760
2020 $3,020 $182,435 $47,421 $135,014
2019 $2,878 $104,000 $47,421 $56,579
2018 $16 $137,535 $29,459 $108,076
2017 $2,509 $94,566 $28,022 $66,544
2016 $2,509 $94,566 $28,022 $66,544
2015 $936 $107,800 $21,555 $86,245
2014 $936 $116,911 $21,555 $95,356
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2025 04/11/25 Price Changed $98,500 -0.5% --
05/13/2024 05/13/24 Price Changed $99,000 -69.5% --
05/02/2024 05/02/24 For Sale $325,000 -- --
Source: Houston Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- Spartan Title
Warranty Deed -- Spartan Title
Source: Public Records

Source: Houston Association of REALTORS®

MLS Number: 3102638

Houston Association of REALTORS®

APN: 0986370000259

Texas Harris County Houston 77088 Greater Inwood

8524 Observatory St, Houston, TX

This home is located at 8524 Observatory St, Houston, TX 77088 and is currently priced at $98,500. 8524 Observatory St is a home located in Harris County with nearby schools including Stovall School, Caraway Intermediate School, and Caraway Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Houston Association of REALTORS® Copyright 2025, 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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Omeed Owhadian
Listing Agent
Omeed Owhadian
Section Image
CB&A, Realtors-Katy
(346) 584-2981