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$205,000

1303 Hillcrest Boulevard, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,948 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$105.24 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Range, Refrigerator, Gas Water Heater
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size15,751 sqft

Building Information

Year Built1954
Roof Type105
Garage Spaces2

Land Information

APN18083
Lot Number9
SubdivisionHillcrest Addn
Land UseResidential
Legal DescriptionHILLCREST ADDN; BLOCK 3; LOT 9
Census Tract000600
Assessed Land Value$53,696
Assessed Improvement Value$189,139
Assessment Year2025

About this property

Updated 3 bedroom 2 bath brick home on a 0.36 acre lot. Features include spacious living room with picture window, large kitchen and dining with corner windows and built in cabinets in dining area. 2nd living area has a decorative fireplace with attached built ins and double door access to back porch and beautiful yard. Room sizes are fantastic and storage is abundant in this 1950's home. Other amenities include storage room in the garage, sprinkler system, gutters and shade trees in the front and back for those hot Texas summers. Excludes - wire racks in closets and TV mount in kitchen.

Investor Tools

Property Icon
$250,000
Estimated Property Value
$0Estimated Mortgage Balance
$58,342Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$416/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,738
$242,835
2025
$53,696
$189,139
$242,835
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,738
$242,835

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Eustis Mortgage Corp
Conventional
$209,090
No
First
Dec 22, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$191,658
$58,342
23%
77%
$1,254/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$1,254/mo
$-204/mo
5.0%

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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1303 Hillcrest Boulevard | Property Details | No Agent List