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37395 Fm 1488 Rd, Hempstead, TX, 77445

2beds
1baths
4,320sqft
$695,000
$161price/sqft
$4,792/moest. monthly cost
$191,680/yrincome needed

About This Home

GREAT BUSINESS OPPURTUNITY!!!  Includes 1.4 Acres with a Residence and a Shop. Right now it operates as a BOBCAT DEALERSHIP that can be transferred to new owner of this property. This is an outstanding opportunity to live while owning a business with a long withstanding relationship with, Farmers, Caretakers, Formans, and Ranch Hands across South East Texas and Waller County and Montgomery County. Schedule you'r viewing today!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

5/10
5/10
4/10
Waller High SchoolGrades 8-125.8 mi

Construction

Condition

  • Year built: 1962

Materials

  • Foundation: Slab
  • Construction materials: Cement Board,Other Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other,Ranch
  • Property subType: Farm

Interior

Appliances

  • Appliances included: Dryer,Refrigerator,Washer,Convection Oven,Microwave,Electric Cooktop,Electric Range,Dishwasher
  • Laundry features: Electric Dryer Hookup,Gas Dryer Hookup,Washer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Dry Bar,Wet Bar,All Bedrooms Down
  • Window features: Window Coverings
  • Flooring: Carpet,Laminate,Tile

Heating & Cooling

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

Interior Area

  • Total structure area: 4,320
  • Total interior livable area: 4,320 sqft

Kitchen

  • Features: Breakfast Bar,Kitchen open to Family Room,Pots/Pans Drawers

Master Bathroom

  • Features: Primary Bath: Shower Only

Property

Accessibility

  • Accessibility features: Accessible Approach with Ramp,Accessible Bedroom,Accessible Common Area,Accessible Doors,Customized Wheelchair Accessible

Details

  • Parcel number: 308600015001100

Features

  • Stories: 1
  • Fencing: Fenced
  • Topography of land: Level

Lot

  • Lot size: 1.40 Acres
  • Features: Cleared,Other,1/2 Up to 1 Acre
  • Lot size dimensions: 246 x 301

Parking

  • Total spaces: 6
  • Parking features: Oversized,Additional Parking,Boat,Circular Driveway,Converted Garage,Double-Wide Driveway,Workshop in Garage
  • Has garage: Yes
  • Attached garage spaces: 6
  • Covered spaces: 6

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

  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Drought
    DroughtModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Lightning
Strong Wind
Drought
Hurricane
Heat Wave
Inland Flooding
Ice Storm

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 $3,514$42,168
Home Insurance *$570$6,840
Property Taxes $234$2,808
Electricity $474$5,692
Total$4,792$57,504
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$164,297/yr
40% on housing$143,760/yr
45% on housing$127,786/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

$161This listing

vs Other Active Listings

Avg $/sqft

ZIP 77445$554
Waller County$405

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)

No zestimate history available

Price History

DateEventPrice
2025-02-12Price change$695,000
2025-02-03Listed for sale$650,000
2024-01-25Listing removed$650,000
2023-05-01Price change$650,000
2023-04-05Price change$495,000
2023-02-13Listed for sale$595,000

For Sale by Agent

AgentNicoletta Barker
BrokerageKeller Williams Signature

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