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$359,000

1385 County Road 297, Gainesville, TX, 76240

$466,700 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,220 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.71 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Double Oven
FlooringCarpet, Laminate

Exterior

Lot Size6.43 acres

Building Information

Year Built1985
Roof Type105
Garage Spaces3

Land Information

APN25511
Lot Number8
SubdivisionWoodland Acres
Land UseResidential
Legal DescriptionWOODLAND ACRES; BLOCK B; LOT 8; ACRES 6.43
Census Tract000701
Assessed Land Value$217,069
Assessed Improvement Value$262,007
Assessment Year2025

About this property

Old Fashioned Livin' can be yours again. See this lovely rural home located on 6.43 quiet, peaceful acres. A place to relax and enjoy the good life. Features large covered back porch to enjoy a cup of coffee while enjoying the birds and nature. Very treed and private but plenty of landscaped back yard for the kids or dogs. Home features newer AC replaced approx. 2 years ago, roof 5 years ago, and re-wired 3 years ago. Washer, dryer and refrigerator to stay.

Investor Tools

Property Icon
$406,000
Estimated Property Value
$0Estimated Mortgage Balance
$406,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$466,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,436 /month
Positive
Cash Flow Estimate:
$812 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$489/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,836
$400,400
2025
$217,069
$262,007
$479,076
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,836
$400,400

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$406,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
N/A
+$1,420/mo
4.2%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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1385 County Road 297 | Property Details | No Agent List