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$380,000

1447 County Road 189, Gainesville, TX, 76240

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,426 Sq Ft
price_per_sqft$156.64 / sqft
Year BuiltBuilt in 1991

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range
FlooringCarpet, Ceramic Tile, Simulated Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size2 acres

Building Information

Year Built1991
Roof Type105
Garage Spaces2

Land Information

APN26023
SubdivisionWingate E
Land UseResidential
Legal DescriptionWINGATE E 1150 ACRES 2.0
Census Tract000100
Assessed Land Value$80,000
Assessed Improvement Value$297,420
Assessment Year2025

About this property

Nestled on a tranquil two-acre plot, this charming two-story house offers the perfect retreat from the bustle of daily life. Surrounded by lush greenery and peaceful solitude, the property is a haven for nature lovers. The home itself features a timeless design, blending comfort with elegance across two spacious levels. Whether you’re gazing out at the serene landscape from a cozy window nook or enjoying the expansive outdoor space, this secluded gem invites you to unwind and embrace its calming ambiance. Easement referenced on included survey. Buyer or Buyer's agent to verify all information.

Investor Tools

$278,568Estimated Mortgage Balance
$414,478Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,152 /month
Positive
Cash Flow Estimate:
$1,384 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$653/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,375
$377,420
2025
$80,000
$297,420
$377,420
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$4,375
$377,420

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Conventional
$303,905
No
First
Dec 2, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$278,568
$418,432
60%
40%
$1,823/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,823/mo
$-403/mo
2.5%

City: Gainesville