Schools

§ 03

District

Elementary	KENNEDY EL	B
Middle	WILLIAMS MIDDLE	D
High	WASHINGTON B T H S CCMR 91% · Grad 71%	B

TEA accountability ratings reflect 2024–25 where available. School attendance zones are subject to district redistricting — confirm directly with the district before making a school-based decision.

Overview

§ 01

TWO FULLY REPLATTED LOTS, CLEARED AND READY FOR DEVELOPMENT! This prime investment opportunity is located in the rapidly growing Independence Heights area. Together, the lots offer approximately 5,034 sq. ft., with each individual lot providing approximately 2,517 sq. ft. Purchase both lots for $147,000 or buy individually for $73,500 each. Conveniently located just minutes from Loop 610 and only 15 minutes from Downtown Houston, this property is surrounded by new construction and ongoing redevelopment, making it an excellent opportunity for builders, developers, and investors. Whether you're planning a custom home or your next investment project, these shovel-ready lots offer outstanding value in one of Houston's fastest-growing neighborhoods. Don't miss your chance to build in this thriving community!

Features

§ 02

Interior

Not provided

Exterior & lot

Cleared
Subdivision

Community

Not provided

Property Details

§ 03 · Full MLS record

Property

Property Type

Land

Rooms & Baths

Bathrooms (total)

0

Lot

Lot Size (sq ft)	5,005
Lot Size (acres)	0.1125
Lot Size Source	Survey
Lot Features	Cleared, Subdivision

Location

County	Harris
MLS Area Major	9
MLS Area Minor	Northwest Houston
Subdivision	MAGNOLIA VILLAS
Road Surface	Asphalt
Postal Code	77018

Utilities

Water Source	Public
Sewer	Public Sewer

Taxes, Terms & Disclosures

Tax Annual Amount	$2,153 <small style="color:#6b7280">· from 2025 county roll</small>
Tax Year	2025 (county roll)
Tax Rate (est.)	1.46%
Parcel #	062-054-021-0006
Legal Description	LT 1 AND 2 BLK 1 MAGNOLIA VILLAS
Listing Terms	Cash, Conventional, Investor Financing
Disclosures	None

MUD Disclosure (§49.452)

§ 03 · Data moat

● §49.452 Notice

Not in archive

This MUD is not yet in our §49.452 archive. We'll add it on request.

Texas Water Code §49.452 requires districts to publish annual notices with tax rate, bonded indebtedness, and assessed value. Most Harris-area MUDs publish these; a handful managed by Inframark do not.

Request this notice

● What this tells you

The §49.452 notice is the only public document that lists a MUD's exact tax rate, outstanding bond debt, and the assessed value used to compute your taxes — direct from the district, not the MLS. If the district is newer or has more bonds outstanding than its neighbors, your effective tax rate will be higher here than just across the street.

Listing's rolled-up MUD rate — Resolved MUD jurisdiction not mapped Match confidence —

Taxes & Cost of Ownership

§ 04

● Estimated monthly payment

$1,062

30-YR FIXED · ADJUST ASSUMPTIONS BELOW

Interest rate

%

Down payment

%

Principal & interest$883 Property tax$179 Homeowners insuranceTBD

Subtotal (P&I + Tax) $1,062

Illustrative only, not a quote. P&I assumes the values entered above. Insurance and HOA dues vary — consult licensed lender and insurance agent for accurate quote.

● Effective tax rate · 3-year history

2.1252%

ALL 8 TAXING DISTRICTS · 2025 BILL

202320242025

MUD

—

→ stable

School

0.88%

→ stable

City

—

→ stable

County

0.38%

→ stable

Other districts

0.87%

→ stable

HOA & Community

§ 05

● HOA details

—

ANNUAL

Association name— Management co.— Website— Phone— Cert on filepending

● Community amenities

park

Independence Heights Park · 0.4mi
McCullough Park · 0.5mi
Kerr Park · 0.8mi

restaurant

Taqueria El Paisano · 0.4mi
Church's Chicken · 0.4mi
Taqueria No Toques Mi Taco · 0.5mi

gas_station

Pitstop Express · 0.4mi
Bonjour Fuel · 0.5mi
Fuel Express · 0.6mi

place_of_worship

Yale Street Baptist Church · 0.4mi
Salem Baptist Church · 0.4mi
United Methodist Church Ebenezer · 0.4mi

grocery

Pitstop Express · 0.4mi
Bonjour · 0.5mi
Lee's Food Market · 0.5mi

gym

Orangetheory Fitness · 0.6mi
Fyre Fitness · 0.7mi
Planet Fitness · 0.9mi

Broadband & Connectivity

§ 06 · Rolled up from MLS

● Max advertised speed at this address

5,000 Mbps

Fiber available · cable ok

Fiber to the Premises

AT&T

5,000 / 5,000 Mbps

● LOW LATENCY

Fiber to the Premises

Xfinity

2,000 / 250 Mbps

● LOW LATENCY

Coaxial Cable

Xfinity

2,000 / 2,000 Mbps

● LOW LATENCY

Licensed Fixed Wireless

Verizon

300 / 20 Mbps

● LOW LATENCY

NGSO Satellite

Starlink

280 / 30 Mbps

● LOW LATENCY

Licensed Fixed Wireless

T-Mobile

100 / 20 Mbps

● LOW LATENCY

Licensed Fixed Wireless

AT&T

100 / 20 Mbps

● LOW LATENCY

Copper

AT&T

100 / 20 Mbps

● LOW LATENCY

+ 2 additional provider(s)

Environmental Risk

§ 08

X

FEMA Zone

Zone X · Minimal risk

Outside 100-year and 500-year floodplains. No flood insurance required by lender.

PANEL 48201C SFHA NO SOURCE 48201C_STUDY3

🌡 Heat days >95°F

65 days/yr above 95°F

Plus 11 days above 100°F. NOAA station records, 2016-2025 average.

💨 30-day air quality

AQI 48 · Good

Average daily AQI for the 30 days ending 2026-04-01. EPA AQS county monitors. Higher = worse.

🌵 Drought (current)

No drought (D1 or worse)

US Drought Monitor county reading, week of 2026-09-15.

Sources: FEMA NFHL · NOAA GHCN-Daily · EPA AQS · US Drought Monitor. Climate rollup last computed Sep 23, 2026.

Recent Comparable Sales

§ 09

8 comparable sales nearby · sold median $216/SFAddress-level sold detail is available to registered users. Reach out to Allen for the full comparable-sales report.

Subdivision & Master Plan

§ 10

● Master plan

—

TIER: NEIGHBORHOOD

Subdivision name (MLS)— City · ZIP— County— Listings in subdivision— Active now1 Sold (last 12 mo)0 Curated amenities60

● Year-built distribution

No build-year dataWill populate from the parcel roll.

Fire Protection

§ 11

Nearest station

Houston Fire Department Station 31

· Houston

Distance

0.6 mi

Straight-line from listing

ISO rating

—

Future data point

Avg. response

—

From incident log (future)

Neighborhood Demographics

§ 12 · Census tract 48201530600 · ACS 2023

Median HH income

$68,125

ACS 2023

Median home value

$322,900

Census self-report

Owner-occupied

55%

1,189 housing units

Bachelor's+

34%

Adults 25+

Median age

33.7

Population 3,142

Work from home

8%

of commuters

Commute 45min+

2%

of commuters

Below poverty

24.5%

tract-level

Amenities & Nearby Places

§ 13

Active listing — amenities should populate from the go-live pipeline. Click to fetch now if missing.

Location & Neighborhood

§ 13

● This Home

414 E 40th 1/2 Street, Houston, TX 77018

Harris County · 29.82°N, 95.40°W

park

Independence Heights Park

0.4 mi · 2 within 2 mi

restaurant

Taqueria El Paisano

0.4 mi · 4 within 2 mi

gas_station

Pitstop Express

0.4 mi · 3 within 2 mi

place_of_worship

Yale Street Baptist Church

0.4 mi · 5 within 2 mi

Interactive map coming in v0.2 — currently showing schematic placement.

414 40th 1/2 Street

Schools

Overview

Features

Interior

Exterior & lot

Community

Property Details

Property

Rooms & Baths

Lot

Location

Utilities

Taxes, Terms & Disclosures

MUD Disclosure (§49.452)

Taxes & Cost of Ownership

HOA & Community

Broadband & Connectivity

Environmental Risk

Recent Comparable Sales

Subdivision & Master Plan

Fire Protection

Neighborhood Demographics

Amenities & Nearby Places

Location & Neighborhood