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$406,346

NAL Estimated Property Value

1016 E California, Gainesville, TX, 76240

$428,131 ARVInfo
Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths3,885 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$74.39 / sqft
Year BuiltBuilt in 1896

Property Lead Type:

Off-Market ListHigh EquityVacant Homes

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesOther

Exterior

Lot Size10,463 sqft

Building Information

Year Built1896
Roof Type105
Garage Spaces2

Land Information

APN7136
Lot Number5
SubdivisionClements I
Land UseResidential
Legal DescriptionCLEMENTS I; BLOCK 8; LOT 5 PT OF
Census Tract001100
Assessed Land Value$57,558
Assessed Improvement Value$348,788
Assessment Year2025

About this property

This 1896 rare jewel in Gainesville, TX is waiting for someone to restore it to its former glory! This 5 bedroom 3 bath Victorian home has so much potential! Beautiful detailing including stained glass windows, wrap-around porch, claw foot tub, two cherrywood stairwells, 13 inch baseboards, 7 decorative fireplaces, sunroom, and so much more. Bring your creativity! Sold AS-Is. Currently zoned commercial with a loft overlay- allowing for a business to be downstairs and a residence upstairs. All information herein is deemed reliable but is to be verified by Buyer and Buyers Agent.

Investor Tools

Property Icon
$406,346
Estimated Property Value
$1,141,064Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$428,131
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,438 /month
Positive
Cash Flow Estimate:
$813 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$688/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,226
$406,346
2025
$57,558
$348,788
$406,346
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$6,226
$406,346

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
4u Fcu
Building Or Construction Loan
$579,000
No
First
Jul 15, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,141,064
N/A
0%
281%
$6,944/mo

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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1016 E California | Property Details | No Agent List