See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

55 Dipping Vat Rd, New Waverly, TX, 77358

2beds
1baths
1,128sqft
$137,750
$122price/sqft
$1,059/moest. monthly cost
$42,360/yrincome needed

About This Home

Excellent investment opportunity! Situated on a spacious 1-acre rural lot, this 2-bedroom, 1-bath home offers potential for the right buyer. The property is part of an estate and is being sold as-is, giving you the chance to customize and restore it to your vision. While the home currently does not have a kitchen, the interior features generously sized rooms that provide a solid starting point for renovation. Outside, you’ll find a detached garage, perfect for storage, a workshop, or hobby space. The surrounding area is quiet and peaceful, offering the privacy of country living. This property provides the chance to shape a home on land, something they're not making any more of.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
16
BikeSomewhat Bikeable

Schools

8/10
6/10
New Waverly High SchoolGrades 9-125.8 mi

Construction

Condition

  • Year built: 1995

Materials

  • Foundation: Block & Beam
  • Roof: Composition
  • Construction materials: Unknown,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

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

Features

  • All Bedrooms Down
  • Flooring: Wood

Heating & Cooling

  • Heating features: Window Unit
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 1,128
  • Total interior livable area: 1,128 sqft

Master Bathroom

  • Features: Primary Bath: Tub/Shower Combo

Property

Details

  • Parcel number: 12866

Features

  • Stories: 1
  • Fencing: None

Lot

  • Lot size: 1 Acres
  • Features: Wooded,1/2 Up to 1 Acre

Parking

  • Parking features: Detached,Workshop in Garage
  • Has garage: Yes

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

  • Lightning
    LightningVery High
  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

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

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 $696$8,352
Home Insurance *$63$756
Property Taxes $62$744
Electricity $238$2,859
Total$1,059$12,708
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$36,308/yr
40% on housing$31,770/yr
45% on housing$28,240/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: 7.2%
7.2%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: 12.0%
12.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$122This listing

vs Other Active Listings

Avg $/sqft

ZIP 77358$304
Walker County$215

vs Homes Sold Last Month

Median $/sqft

ZIP 77358$181
Walker County$140

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
2026-04-23Price change$137,750
2026-04-02Price change$145,000
2026-03-07Listed for sale$150,000
2026-01-20Listing removed$150,000
2025-11-25Pending sale$150,000
2025-11-20Listed for sale$150,000

For Sale by Agent

AgentKourtney Prentiss
BrokerageCentral Metro Realty

Similar Homes