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40934 Thomas Ln, Hempstead, TX, 77445

2beds
2baths
1,250sqft
$1,350,000
$1,080price/sqft
$8,929/moest. monthly cost
$357,160/yrincome needed

About This Home

Looking for a country property with all the infrastructure in place? Check this property out! 36.7 acres just 2 minutes from Hempstead with a recently built barndominium for full or part-time living while you decide when and what your dream home will be. The existing septic system is large enough for an additional home. 35.7 acres has a wildlife exemption for lower taxes. Appealing mix of open, wooded & scattered trees. The well-designed & well-kept barndominium has 2 bedrooms, 2 full baths, 10x40 front porch, 30x40 oversized insulated garage with HVAC and 2 large overhead doors, 20x40 back porch with water & electric stubbed in for your outdoor kitchen. Very quiet and very private. A great place to watch the deer and other wildlife. Easy access to surrounding areas: 15 min to Bellville, 25 min to Brenham, 30 min to Katy and 35 min to Bryan/College Station.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

3/10
5/10
Hempstead Middle SchoolGrades 6-81.2 mi
3/10
Hempstead High SchoolGrades 9-121.3 mi

Construction

Condition

  • Year built: 2021

Materials

  • Foundation: Slab
  • Construction materials: Aluminum

Type & Style

  • Home type: SingleFamily
  • Property subType: Farm

Interior

Appliances

  • Appliances included: Disposal,Electric Oven,Microwave,Electric Range,Dishwasher
  • Laundry features: Electric Dryer Hookup,Washer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • High Ceilings,All Bedrooms Down,En-Suite Bath,Primary Bed - 1st Floor,Walk-In Closet(s)
  • Flooring: Concrete

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Ceiling Fan(s),Electric

Interior Area

  • Total structure area: 1,250
  • Total interior livable area: 1,250 sqft

Kitchen

  • Features: Breakfast Bar,Pantry

Master Bathroom

  • Features: Primary Bath: Shower Only,Secondary Bath(s): Tub/Shower Combo

Property

Details

  • Parcel number: 306100049000100

Features

  • Stories: 1
  • Topography of land: Sloping

Lot

  • Lot size: 36.70 Acres
  • Features: Pasture,Cleared,Wooded,20 Up to 50 Acres

Parking

  • Total spaces: 6
  • Parking features: Electric Gate,Attached,Oversized,Attached Carport
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 6
  • Carport: Yes
  • Carport spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Drought
    DroughtModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Tornado
Drought
Hurricane
Heat Wave
Lightning

FEMA Declared Disasters Across Texas Counties

Flood
Hurricane
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $6,826$81,912
Home Insurance *$1,108$13,296
Property Taxes $757$9,084
Electricity $238$2,859
Total$8,929$107,148
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$306,137/yr
40% on housing$267,870/yr
45% on housing$238,106/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.0%
4.0%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: -1.2%
-1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,080This listing

vs Other Active Listings

Avg $/sqft

ZIP 77445$544
Waller County$402

vs Homes Sold Last Month

Median $/sqft

ZIP 77445$159
Waller County$159

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-12-12Listed for sale$1,400,000

For Sale by Agent

AgentTimothy Phelan
BrokerageWaller County Land Co.

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