3 Acres in Thompsons, Texas, Bank-Owned Corner Lot — $148,000

Three acres in the Houston metro for under $150,000 is the thing that makes you look twice. The house is 945 square feet, two bedrooms, one bath, built in 1965, and it is a bank-owned sale, which means it comes as-is and the price reflects that. But the land is the point here.

The property sits on a corner lot at Y.U. Jones Road and MLK in Thompsons, a small community just outside Richmond. Corner means two road frontages, which matters if you ever want to subdivide, add a second driveway, or just have a clear sense of where your land begins. Three acres gives you real room. Not a big backyard, actual land. Space for a shop, a barn, animals, a garden that takes up more than a raised bed. Whatever you want to do with it, you have room to try.

The house itself is small and old enough to need some honest attention. At 60 years old and coming out of bank ownership, assume it needs work. The listing does not specify what, which is part of what as-is means. You go in with your eyes open and your own inspector. The square footage is tight for more than two people, but the footprint of the lot means there is nothing stopping you from adding on or building a second structure down the road if the county allows it.

Richmond is close, which puts you near groceries, hardware, and the other practical things without being in the middle of suburban sprawl. The land around Thompsons still has some room to it.

At $148,000, you are paying roughly $49,000 per acre with a livable structure on top. Whether the house is worth fixing up or just worth having while you figure out the land is a question that depends on what you find when you walk it. The price for the acreage alone is what makes this worth the trip out to look.