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$379,000

NAL Estimated Property Value

1800 County Road 297, Gainesville, TX, 76240

$441,478 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,092 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$190.73 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Purifier, Dishwasher, Electric Range, Microwave
FlooringVinyl

Exterior

Exterior FeaturesFire Pit, Private Entrance, Private Yard, Other
Lot Size8.68 acres

Building Information

Year Built2004
Roof Type112
Garage Spaces2

Land Information

APN55711
SubdivisionSpencer Eg
Land UseResidential
Legal DescriptionSPENCER EG 0925 ACRES 8.68 LABEL# NTA1316021 CANCELLED TO REAL ESTATE SN1 TCO4TX0101827A TITLE # 00099810
Census Tract000701
Assessed Land Value$252,624
Assessed Improvement Value$122,690
Assessment Year2025

About this property

Welcome to your stunning new home located on an 8-acre property! This double-wide mobile home boasts a spacious 2029 sqft floor plan, with four generously sized bedrooms. The master bath features a separate shower, large tub, and dual sinks. The second full-sized bathroom is ideal for guests and family alike. Step outside to the front porch, perfect for relaxing and taking in the views of the property. There is also a designated sitting area complete with a fire pit. The property includes a pond, providing a serene and tranquil atmosphere. There are even chicken coops on the property for those who desire to keep chickens or other livestock. For those with a green thumb, the property features a fantastic garden space, ideal for growing fresh produce and enjoying the bounty of the land. This property truly has it all! If you're looking for a serene country lifestyle with modern conveniences, look no further than this.

Investor Tools

Property Icon
$379,000
Estimated Property Value
$699,638Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$441,477
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,394 /month
Positive
Cash Flow Estimate:
$798 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$521/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,360
$267,768
2025
$252,624
$122,690
$375,314
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$4,360
$267,768

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Unknown
$369,550
No
First
Jun 22, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$699,638
N/A
0%
185%
$4,432/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,753/mo
$4,432/mo
$-2,679/mo
5.6%

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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1800 County Road 297 | Property Details | No Agent List