Rare opportunity in the Heart of Magnolia, backing to The Magnolia Stroll! Located in the newly zoned Magnolia Town Center, this quaint framed house on two city lots is ready for your personal touches. The exterior includes new hardi-plank siding, windows, front door plus fresh exterior paint. The interior has been re-framed to include a 2nd bathroom, with pex plumbing roughed out. The structure is currently a shell with reframing in place, requiring further completion of plumbing, electrical, HVAC, sheetrock & finishes. (HVAC partially in place, working status of unit unknown.) This location could be ideal for a Bed & Breakfast Inn, doctor's office, therapist, counselor, hair salon, bookstore, professional space, specialty business, boutique, craft store, antique store, small cafe or other venture to enhance the growing area. The slate is ready for your active role in the new Magnolia Town Center. (All future improvements to be independently verified with the City of Magnolia.)
For sale
$275,000
122 Commerce St, Magnolia, TX 77355
3beds
1,192sqft
Est.:
Single Family Residence
Built in 1965
6,899.9 Square Feet Lot
$269,500 Zestimate®
$231/sqft
$-- HOA
What's special
Pex plumbing roughed outFresh exterior paintNew hardi-plank sidingHvac partially in place
- 8 days |
- 192 |
- 2 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: March 19, 2026 at 02:03am
Listed by:
Angela Knee Hahn TREC #0522753 713-851-1631,
Carswell Real Estate Co. Inc.
Source: HAR,MLS#: 31034390
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Utility Room
Kitchen
- Features: Kitchen open to Family Room, Pantry
Heating
- None
Cooling
- None
Features
- All Bedrooms Down
- Has fireplace: No
Interior area
- Total structure area: 1,192
- Total interior livable area: 1,192 sqft
Property
Parking
- Total spaces: 1
- Parking features: Attached, Additional Parking
- Attached garage spaces: 1
Features
- Stories: 1
- Fencing: None
Lot
- Size: 6,899.9 Square Feet
- Features: Back Yard, Cleared, Other, 0 Up To 1/4 Acre
Details
- Parcel number: 331901
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Cement Siding
- Foundation: Block & Beam
- Roof: Composition
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Magnolia Melton
Location
- Region: Magnolia
Financial & listing details
- Price per square foot: $231/sqft
- Tax assessed value: $95,545
- Annual tax amount: $1,728
- Date on market: 3/18/2026
- Listing terms: Cash,Conventional,Investor
- Exclusions: N/A
- Ownership: Full Ownership
- Road surface type: Asphalt
Estimated market value
$269,500
$256,000 - $283,000
$1,440/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/18/2026 | Listed for sale | $275,000$231/sqft |
Source:  HAR #31034390 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,728 +15.2% | $95,545 +18.7% |
| 2024 | $1,500 +0.2% | $80,466 +0.7% |
| 2023 | $1,497 | $79,920 |
| 2022 | -- | $79,920 +114.8% |
| 2021 | $842 -6.6% | $37,210 |
| 2020 | $902 +15.5% | $37,210 +18.5% |
| 2019 | $782 -3.6% | $31,410 |
| 2018 | $811 -4.4% | $31,410 -4% |
| 2017 | $848 +0.3% | $32,720 |
| 2016 | $845 -0.9% | $32,720 |
| 2015 | $853 | $32,720 |
| 2014 | $853 | $32,720 +55.4% |
| 2013 | -- | $21,050 |
| 2012 | -- | $21,050 |
| 2011 | -- | $21,050 |
| 2010 | -- | $21,050 |
| 2009 | -- | $21,050 |
| 2008 | -- | $21,050 |
| 2007 | -- | $21,050 |
| 2006 | -- | $21,050 |
| 2005 | -- | $21,050 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,747/mo
Principal & interest
$1371
Property taxes
$376
More affordability tools
Climate risks
Neighborhood: 77355
Nearby schools
GreatSchools rating
- 6/10Magnolia Elementary SchoolGrades: PK-4Distance: 0.1 mi
- 6/10Magnolia Junior High SchoolGrades: 7-8Distance: 0.6 mi
- 5/10Magnolia West High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Magnolia Elementary School (Magnolia)
- Middle: Magnolia Junior High School
- High: Magnolia West High School
Source: HAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 77355
- Texas
- Montgomery County
- Magnolia
- 77355
- 122 Commerce St
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