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$325,000

1627 S Clements Street, Gainesville, TX, 76240

$335,820 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,867 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$113.36 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesPrivate Yard, Storage, Uncovered Courtyard
Lot Size40,946 sqft

Building Information

Year Built1960
Roof Type105
Garage Spaces2

Land Information

APN2013
SubdivisionClark P
Land UseResidential
Legal DescriptionCLARK P 0232 ACRES .94
Census Tract001100
Assessed Land Value$79,360
Assessed Improvement Value$249,403
Assessment Year2025

About this property

BACK ON THE MARKET -- REDECORATE AND SAVE. Add your personality to this solid custom-built home nestled in the trees and the end of a private lane. Terrific buy with a little sprucing up this home could be worth much more. In the city limits but feel like you’re in the country on this beautiful private 1-acre lot. Enjoy the generosity of spacious rooms – featuring formal dining and living room, with cozy family room with fireplace and the game room is just off the family room that features Anderson windows overlooking large, treed backyard. Large bedrooms, original hardwood doors, cedar closet, breakfast area, office, and lots of storage. Nice outdoor patio to enjoy cookouts. Very private! Brand New AC unit just installed.

Investor Tools

Property Icon
$330,000
Estimated Property Value
$0Estimated Mortgage Balance
$14,969Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$335,819
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,980 /month
Positive
Cash Flow Estimate:
$660 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$657/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,232
$328,763
2025
$79,360
$249,403
$328,763
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$6,232
$328,763

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Fha
$326,484
Yes
First
Dec 27, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$315,031
$14,969
4%
95%
$2,017/mo

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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1627 S Clements Street | Property Details | No Agent List