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$458,000

NAL Estimated Property Value

112 Fm 902, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,478 Sq Ft
price_per_sqft$314.37 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater
FlooringCarpet, Vinyl

Exterior

Lot Size1 acre

Building Information

Year Built1983
Roof Type105
Garage Spaces2

Land Information

APN24713
SubdivisionLawson J
Land UseResidential
Legal DescriptionLAWSON J 0588 ACRES 1.0
Census Tract001100
Assessed Land Value$66,121
Assessed Improvement Value$334,865
Assessment Year2025

About this property

NEW PAINT THROUGHOUT INCLUDING THE GARAGE, NEW BATHROOMS, NEW CABINETS, NEW SHOWERS, NEW CARPET, NEW VINYL PLANK FLOORING, NEW TILE, AND EVEN NEW GARAGE DOORS AND OPENERS! The septic system is only about 5 years old. Just outside the city limits of Gainesville, this beautiful property sits on a corner with two sides conveniently fronted by paved farm-to-market roads. 10.89 acres delivers two open pastures with barbed wire, pipe gates and pipe bracing. Additionally, there are areas with trees for relaxing in the shade. The 3 bedroom 2.5 bath house features a large master bedroom and an ensuite with two closets and dual sinks. A Jack and Jill bathroom accommodates the other two bedrooms that each have walk-in closets. One of the bedrooms has a The spacious living room with its vaulted ceiling and fireplace provides ample seating for those special gatherings. The kitchen features granite countertops, breakfast nook, double oven, cooktop, and a pantry. There is a large utility room just off the garage and the half-bath is located between the kitchen and utility room. The house is served by two full sized water heaters installed in 2020. The oversized garage has an additional storage area for those things you don't want inside or outside. Did I mention that there is a huge workshop - 60' x 40' - with three roll-up doors? There's new paint on the interior. A new septic system was installed in 2018. There are two HVAC units. There's a huge hall closet. A sunroom! You just need to give this one a look! Buyer and-or Buyer's agent to verify any and all information provided by Seller and-or Seller's agent.

Investor Tools

Property Icon
$458,000
Estimated Property Value
$328,854Estimated Mortgage Balance
$129,146Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,674 /month
Positive
Cash Flow Estimate:
$1,558 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$645/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,447
$400,986
2025
$66,121
$334,865
$400,986
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$5,447
$400,986

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Stand Alone First / Home Equity First Lien
$390,000
No
First
Aug 14, 2018
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$328,854
$129,146
28%
72%
$2,339/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$2,339/mo
$-919/mo
3.7%

City: Gainesville

112 Fm 902 | Property Details | No Agent List