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$323,922

NAL Estimated Property Value

1308 Hillcrest Boulevard, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,817 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$187.07 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher

Exterior

Lot Size21,000 sqft

Building Information

Year Built2023
Roof Type105
Garage Spaces2

Land Information

APN19209
Lot Number127
SubdivisionHillcrest Addn
Land UseVacant Land
Legal DescriptionHILLCREST ADDN; BLOCK 1; LOT 12 7 N 25' OF 11
Census Tract000600
Assessed Land Value$58,716
Assessed Improvement Value$265,206
Assessment Year2025

About this property

MOTIVATED SELLER>>> offering $5k in closing costs! Beautiful NEW CONSTRUCTION with NO HOA! Open concept 3 bedrooms, 2.5 bath custom new home ready for new homeowners. This home offers walk-in closets, luxury vinyl plank flooring in the living room, dining, and kitchen. Elegant quartz countertops in kitchen, granite in the baths. Also offers tankless water heater, gas stove, foam insulation, oversized backyard with lots of potential, the small storage in back stays.

Investor Tools

Property Icon
$323,922
Estimated Property Value
$94,499Estimated Mortgage Balance
$229,423Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,039 /month
Positive
Cash Flow Estimate:
$680 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$665/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,359
$323,922
2025
$58,716
$265,206
$323,922
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$6,359
$323,922

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosstimbers Capital Inc
Purchase Money Mortgage
$100,000
No
First
May 3, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$94,499
$229,423
70%
29%
$600/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$600/mo
+$820/mo
5.3%

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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1308 Hillcrest Boulevard | Property Details | No Agent List