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$287,000

1011 S Grand, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,377 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$208.42 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Refrigerator
FlooringVinyl

Exterior

Lot Size8,276 sqft

Building Information

Year Built2024
Roof Type105

Land Information

APN18282
Lot Number1R
SubdivisionBelmont
Land UseVacant Land
Legal DescriptionBELMONT; BLOCK 12; LOT 1R
Census Tract001100
Assessed Land Value$33,685
Assessed Improvement Value$197,185
Assessment Year2025

About this property

This brand-new home seamlessly blends style and function, creating a living space that feels both spacious and inviting. The expansive open floor plan flows effortlessly, with the living area serving as the perfect spot for relaxing or entertaining. A sleek, modern electric fireplace adds a touch of warmth and ambiance, enhancing the overall cozy feel of the home. The chef-inspired kitchen is a standout feature, designed for both style and convenience. Equipped with top-of-the-line appliances—including an electric range, microwave, dishwasher, and refrigerator—it offers everything you need to prepare delicious meals with ease. The beautiful quartz countertops add a sophisticated touch, complementing the modern cabinetry, while the generous walk-in pantry provides ample storage space for all your cooking essentials.Whether you're hosting a dinner party or enjoying a quiet meal with family, this kitchen is not only a functional workspace but also a gathering place where both cooking and conversation flow effortlessly. It truly serves as the heart of the home. This home offers three spacious bedrooms and two full bathrooms, making it ideal for comfortable living. The primary bedroom is a true retreat, featuring an ensuite bathroom designed for ultimate relaxation and convenience. The ensuite includes dual sinks, offering plenty of space for two, as well as a luxurious, oversized walk-in shower that creates a spa-like experience right at home. The primary suite also boasts a massive walk-in closet, providing ample storage for your wardrobe and personal items, ensuring your space is both functional and organized. With its thoughtful layout and high-end finishes, the primary bedroom is the perfect sanctuary to unwind after a long day. The additional bedrooms are generously sized and can easily accommodate family, guests, or be used as home office spaces, all while maintaining a sense of privacy and comfort throughout the home.

Investor Tools

Property Icon
$247,000
Estimated Property Value
$0Estimated Mortgage Balance
$42,662Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,722 /month
Positive
Cash Flow Estimate:
$574 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$156/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$638
$230,870
2025
$33,685
$197,185
$230,870
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$638
$230,870

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nmsi Inc
Unknown
$208,000
No
First
May 12, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$204,338
$42,662
17%
83%
$1,248/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,248/mo
+$172/mo
6.9%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Gainesville

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1011 S Grand | Property Details | No Agent List