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$309,000

NAL Estimated Property Value

1407 S Clements Street, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,730 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$190.17 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Water Heater, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Lot Size13,591 sqft

Building Information

Year Built2023
Roof Type105
Garage Spaces2

Land Information

APN153029
Lot Number3
SubdivisionPecan Row Addn
Land UseVacant Land
Legal DescriptionPECAN ROW ADDN; BLOCK A; LOT 3
Census Tract001100
Assessed Land Value$47,639
Assessed Improvement Value$249,548
Assessment Year2025

About this property

Introducing this stunning new construction by Wesco Homes in Gainesville, Texas! This move-in ready three-bedroom, two-bath home is designed with modern living in mind. Featuring an open floor plan and an abundance of windows, the home is bathed in natural light, creating an inviting and airy atmosphere. The kitchen, living room, and dining area are enhanced with durable, stylish wood-look tile that seamlessly connects the spaces, offering both beauty and practicality. Foam insulation ensures energy efficiency, keeping you comfortable year-round while reducing utility costs. Step outside to enjoy the spacious covered patio, perfect for outdoor entertaining or relaxing. Situated on an oversized lot, this property offers plenty of room for play, gardening, or future projects. Don't miss your chance to own a Wesco Home that combines quality craftsmanship with a modern lifestyle. Schedule your showing today and make this gem yours!

Investor Tools

Property Icon
$309,000
Estimated Property Value
$240,929Estimated Mortgage Balance
$68,071Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,974 /month
Positive
Cash Flow Estimate:
$658 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$519/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,687
$296,810
2025
$47,639
$249,548
$297,187
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$4,687
$296,810

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$246,000
Yes
First
Mar 10, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$240,929
$68,071
22%
78%
$1,475/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,475/mo
$-55/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.

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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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1407 S Clements Street | Property Details | No Agent List