25444 US Highway 59 N

Corrigan, TX 75939
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105.48 Lot Acres
Lots

Audio narrative

Description

This 105.48-acre lot, once owned by the Buffalo Bayou, Brazos and Colorado Railroad Company (BBB&CRR), a pioneer railroad in Texas completed in 1853, is rich in historical significance and was the first operating railroad in Texas, heading the states railroad age. This land is now poised for its next chapter. Currently, it offers agricultural exemptions, city water, electricity, and extensive Highway 59 N frontage, increasing development and farming potential with traffic from Houston to Lufkin. The property features Bahia Hay, access to Piney Creek, ponds, a single family home, and a large metal barn. This unique blend of historical legacy and modern prospects makes it an exceptional opportunity for those looking to invest in a property with both a rich past and a promising future. This opportunity is ideal for a 1031 exchange (tax shelter), commercial or residential development and falls under the Texas Opportunity Zone.

MLS#
15685864
List Price
$2,200,000
Listing Status
For Sale
Address
25444 US Highway 59 N
City
State
TX
Zip Code
County
Subdivision
10458-ABST 458 A NEWMAN SURVEY
Legal Description
ABST 458 A NEWMAN SURVEY TRACT 20
Property Type
Lots
Lot Size
105.48 Lot Acres/Appraisal District
Market Area

Exterior

Lot Description
Other
Cable
Unknown
Water Sewer
No Sewer, Public Water, Well
Phone
Unknown
Electric
Electric Available
Gas
Availability Unknown

Lot information

Lot Size
105.48 Lot Acres /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

Financial

Financing Considered
Cash Sale, Conventional, USDA Loan
Other Fees
No
Maintenance Fee
No
Taxes w/o Exemp
$168/2023
Tax Rate
1.5193

Additional information

HOA Mandatory
No
List Type
Exclusive Right to Sell/Lease
Buyer Agent Compensation*
2%
Sub Agent Compensation*
$1

*Disclaimer: Listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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Property tax

Cost/Sqft based on tax value

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Mortgage

Create and estimate your monthly mortgage payment and property taxes, based on past rates.

Estimated Monthly Payments

DOWN PAYMENT
Loan Term
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Full Page
Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Subdivision Facts

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Market update video

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Schools

School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

Assigned schools

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Source

Houston Association of REALTORS
Source last updated Jul 08, 2024 at 10:47 PM
Listing last updated Jun 07, 2024 at 12:27 PM

25444 US Highway 59 N, Corrigan, TX 75939. View photos, map, tax, nearby homes for sale, home values, school info...

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