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B+
NoAgentList RatingHow are grades calculated?Info
Days279Days on Market
Views1view
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$274,000

122 Homestead Dr, Gatesville, TX, 76528

$327,153 ARVInfo
On MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,357 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$201.92 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesRefrigerator

Exterior

Lot Size4.74 acres

Building Information

Year Built2007

Land Information

APN0-77-52-4440
Lot Number3,12
SubdivisionCedar Mountain Estates
Land UseResidential
Legal DescriptionCEDAR MOUNTAIN ESTATES, BLOCK 1, LOT 3 & 12, ACRES 4.74
Census Tract010202
Assessed Land Value$86,550
Assessed Improvement Value$142,620
Assessment Year2025

About this property

Charming 2-bedroom, 1-bath farm-style home situated on 4.74 acres, just 6 miles from Gatesville and approximately 45 minutes from Waco. This inviting property offers an open-concept layout with beautiful pine ceilings throughout, creating a warm and cozy country feel. The spacious living area provides plenty of room to gather and could easily be converted into a third bedroom, if desired. The home also features a large laundry and storage room at the back, plus a recently added deck that extends the living space outdoors—perfect for relaxing or entertaining. The acreage is thoughtfully set up for livestock, hobby farming, or simply enjoying the country lifestyle. A fenced pasture near the front of the property includes a barn for shade and shelter, while an additional fenced area behind the home secures the back portion of the land for added flexibility. A separate storage shed adds extra utility. Seller is offering buyer concessions, adding additional value and flexibility for potential buyers. There are recent upgrades of a new driveway and dual access to the bathroom. This property blends comfort, charm, and practical features, offering peaceful country living while remaining close to town conveniences.

Investor Tools

$1,734Estimated Mortgage Balance
$287,266Estimated Equity
99% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$327,153
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,734 /month
Positive
Cash Flow Estimate:
$578 /month

Interested in this property?

Sara Brown

Keller Williams Frisco Stars

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$174/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$644
$229,170
2025
$86,550
$142,620
$229,170
No

Tax History

Year
Tax Paid
Assessed Value
2024
$644
$229,170

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The First National Bank Of Evant
Unknown
$40,000
No
First
May 4, 2011
May 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,734
$287,266
99%
1%
$0/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: Gatesville

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122 Homestead Dr | Property Details | No Agent List