$1,226,000
NAL Estimated Property Value1190 County Road 297, Gainesville, TX, 76240
Off Market
Property Lead Type:
Off-Market ListAbsentee OwnerHigh Equity
Highlights
Interior
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Linoleum
Exterior
Exterior FeaturesRV Hookup
Lot Size26.62 acres
Building Information
Year Built2016
Garage Spaces6
Land Information
APN69584
SubdivisionMcelroy Jc
Land UseAgriculture / Farming
Legal DescriptionMCELROY JC 0711 ACRES 26.62
Census Tract000701
Assessment Year2025
About this property
Look no more! Over 27 acres with beautiful, mature pecan trees sprinkled throughout. 3 bed, 2 and a half bath, 2 car garage main home with large covered front and back porches. 3300 sq ft fully insulated shop with four roll up doors, custom built bar area, multiple overhangs, RV carport and hookups. Also 530 sq ft, 1 bed, 1 bath living quarters in shop. Three large stocked ponds, some pasture, some heavily treed areas. Privacy and country living! Callisburg ISD. Ag exempt.
Investor Tools
$1,226,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,226,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,356 /month
Positive
Cash Flow Estimate:
$2,452 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$573/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$741
$260,740
2025
N/A
N/A
$809,830
Yes (2023)
Tax History
Year
Tax Paid
Assessed Value
2024
$741
$260,740
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,226,000
100%
0%
$0/mo
