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$135,000

$160,000

1135 Ira Ward Ln, Gainesville, TX, 76240

On MarketInfo
Price DropInfo
Beds2 Beds
Baths1 Bath
Baths1,140 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$118.42 / sqft

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1.5Bathrooms Full 1.5
Bathrooms Half 0.5Bathrooms Half 0.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesNone
FlooringCarpet

Exterior

Exterior FeaturesPrivate Yard, Storage
Lot Size1.19 acres

Building Information

Roof Type112
Garage Spaces4

Land Information

APN12555
SubdivisionSadler H
Land UseResidential
Legal DescriptionSADLER H 0901 ACRES 1.19 LABEL# TEX0413479 SN1 OC05871215
Census Tract000200
Assessed Land Value$70,370
Assessed Improvement Value$56,439
Assessment Year2025

About this property

Nestled in a beautifully wooded and tranquil setting, this scenic hilltop property offers lovely views and a gradual slope leading down to the peaceful waters edge of Fish Creek. Just a short drive from Moss Lake, this hidden gem provides the perfect escape for nature lovers, fishing enthusiasts, or anyone seeking privacy and serenity. The property features a two bedroom, two bath mobile home complete with a workshop and carport. While the home is in need of repair, it presents a wonderful blank canvas for a handyman enthusiast or investor ready to bring their vision to life. Enjoy relaxing evenings from the walk-out deck overlooking mature trees, rolling terrain, and endless sunset views. Fish Creek offers great fishing, creekside fun, and a peaceful atmosphere that is hard to find. Whether you are looking for a weekend retreat, investment opportunity, or future homesite, this unique property is full of potential and natural beauty.

Investor Tools

$16,270Estimated Mortgage Balance
$141,997Estimated Equity
90% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$948 /month
Positive
Cash Flow Estimate:
$316 /month

Interested in this property?

MISTY SCHMITZ

TIERRA REAL ESTATE

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$96/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$367
$111,002
2025
$70,370
$56,439
$126,809
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$367
$111,002

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Muenster State Bank
Unknown
$30,000
No
First
May 9, 2008
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$16,270
$146,730
90%
10%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
N/A
+$1,420/mo
10.8%

City: Gainesville