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$249,500

1307 Whaley Drive, Gainesville, TX, 76240

$273,436 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,421 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$103.06 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesConvection Oven, Dishwasher, Disposal, Electric Cooktop, Microwave, Plumbed For Ice Maker

Exterior

Lot Size10,890 sqft

Building Information

Year Built1955
Roof Type105
Garage Spaces2

Land Information

APN10974
Lot Number5
SubdivisionHillcrest Addn
Land UseResidential
Legal DescriptionHILLCREST ADDN; BLOCK 6; LOT 5
Census Tract000600
Assessed Land Value$44,904
Assessed Improvement Value$267,295
Assessment Year2025

About this property

Spacious and charming house in the heart of Gainesville. Be a part of a historical town with shopping, delicious dining, many select wineries, outdoor attractions. Short drive to Lake Texoma and Lake Ray Roberts. This lovely house has been remodeled, new fans and light fixtures, new plumbing fixtures, new appliances. New interior drywall, new doors and trim, everything has been replaced or checked and inspected. Fresh interior and exterior paint, new flooring, new granite countertops and new cabinets in the kitchen. New bathroom. Kitchen has an open bar overlooking a brick fireplace. Large backyard with covered area to host large gatherings, or can be used as covered parking. Make this the perfect home for you.

Investor Tools

Property Icon
$312,199
Estimated Property Value
$0Estimated Mortgage Balance
$130,619Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$273,436
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,873 /month
Positive
Cash Flow Estimate:
$624 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$492/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,338
$312,199
2025
$44,904
$267,295
$312,199
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$4,338
$312,199

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Stand Alone First / Home Equity First Lien
$199,600
No
First
Aug 24, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$181,580
$130,619
41%
58%
$1,197/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,197/mo
+$223/mo
5.5%

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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1307 Whaley Drive | Property Details | No Agent List