Discover the potential of this exceptional 5-acre parcel boasting prime frontage along Highway US 259 S in the bustling city of Longview, TX. With its strategic location and expansive dimensions, this raw commercial land presents an unparalleled opportunity for savvy investors and developers. Strategically situated along a major thoroughfare, this property offers high visibility and accessibility, making it an ideal location for a wide range of commercial ventures. Whether it's retail, hospitality, or industrial development, the possibilities are endless on this expansive canvas. Benefiting from the dynamic economic landscape of Longview, this property is poised to capitalize on the city's growth and commercial expansion. Take advantage of this rare chance to shape the future of this thriving community with a landmark development on this prime 5-acre parcel.
Last updated on: 6/7/2024, 5:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$5,807
Per Month
Principal & Interest
$5,740
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,514
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Johnston-Mcqueen Elementary School
422 Fm 2751
Distance between this listing and this school1.11 miles
Public District Grades PK-5
10
/10
Hudson Elementary School
1311 Lilly St
Distance between this listing and this school7.71 miles
Public Magnet Grades 1-5
High School
6
/10
Longview High School
201 East Tomlinson Parkway
Distance between this listing and this school2.83 miles
Public District Grades 9-12
Assigned Schools
4
/10
Johnston-Mcqueen Elementary School
422 Fm 2751
Distance between this listing and this school1.11 miles
Public District Grades PK-5
10
/10
Hudson Elementary School
1311 Lilly St
Distance between this listing and this school7.71 miles
Public Magnet Grades 1-5
Nearby Schools
6
/10
J L Everhart Magnet Elementary School
2919 Tryon Rd
Distance between this listing and this school3.55 miles
Public Magnet Grades PK-5
Nearby Schools
9
/10
Ut Tyler Innovation Academy - Longview
3201 N Eastman Rd
Distance between this listing and this school1.87 miles
Public Charter Grades 3-7
5
/10
Spring Hill Jr High School
3101 Spring Hill Rd
Distance between this listing and this school4.25 miles
Public District Grades 6-8
4
/10
Forest Park Magnet School
1644 N Eastman Rd
Distance between this listing and this school4.64 miles
Public Magnet Grades 6-8
Assigned Schools
6
/10
Longview High School
201 East Tomlinson Parkway
Distance between this listing and this school2.83 miles
Public District Grades 9-12
Nearby Schools
5
/10
Spring Hill High School
3101 Spring Hill Rd
Distance between this listing and this school4.04 miles
Public District Grades 9-12
6
/10
Dan Chadwick Campus
2402 Alpine Rd
Distance between this listing and this school4.35 miles
The neighbors living near this home have an average income of $94,922. Most Longview, TX residents have annual incomes between $100k-200k. The most common type of family is married, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5097 S US-259 Hwy
What is the listing price of this property?
The listing price of 5097 S US-259 Hwy property is $1,150,000.
What type of property is this?
The property 5097 S US-259 Hwy is land located in Longview, Texas, 75605.
Is this property for sale now?
Active Listing: 5097 S US-259 Hwy is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 5097 S US-259 Hwy are: Johnston-Mcqueen Elementary School: GreatSchools Rating 4/10Hudson Elementary School: GreatSchools Rating 10/10Longview High School: GreatSchools Rating 6/10
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 5097 S US-259 Hwy in Longview, TX and zip code 75605. This home sits on a 5.07 acre lot. It has been listed on Rocket Homes since April 05, 2024 and is currently priced at $1,150,000.
The number of homes for sale in Longview, TX decreased by 20.5% between April 2024 and May 2024. In May 2024, listings were on the market for 85 days. During the same period, the median list price in this real estate market was $308,000.
From Rocket Homes Real Estate and based on county public records data.