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$178,000

1312 E Leon St, Gatesville, TX, 76528

On MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,485 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$119.87 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListMust-SellAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesRefrigerator, Water Heater
FlooringLinoleum, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size10,367 sqft

Building Information

Year Built1955
Garage Spaces2

Land Information

APN0-97-13-0000
Lot Number1
SubdivisionOriginal Town Gatesville
Land UseResidential
Legal DescriptionORIGINAL TOWN GATESVILLE, BLOCK 26, LOT 1, ACRES .238
Census Tract010400
Assessed Land Value$17,500
Assessed Improvement Value$168,470
Assessment Year2025

About this property

Step into the charm of a bygone era with this inviting 3 bed/1.5 bath home located just one block from Main Street and minutes from downtown Gatesville. A large, welcoming front porch sets the tone, offering the perfect place to enjoy an evening breeze. Inside, the home features two spacious living areas, including one with a fireplace, along with original hardwood floors, abundant built-ins, and plenty of storage throughout. The current owner has completed several thoughtful updates, including new windows, fresh interior paint, an updated main bathroom, and the addition of a half bath. Outside, enjoy a private fenced yard with new concrete, a detached garage with new doors, and a carport. Situated on a desirable corner lot in a prime location, this character-filled home is ready to welcome its next owners.

Investor Tools

$0Estimated Mortgage Balance
$195,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,170 /month
Positive
Cash Flow Estimate:
$390 /month

Interested in this property?

Kandi Luensmann

Front Porch Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$302/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,653
$185,970
2025
$17,500
$168,470
$185,970
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,653
$185,970

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$195,000
100%
0%
$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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