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$285,000

NAL Estimated Property Value

1803 College Street, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,086 Sq Ft
price_per_sqft$134.18 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesStorage
Lot Size13,682 sqft

Building Information

Year Built1966
Roof Type105
Garage Spaces4

Land Information

APN12514
Lot Number2
SubdivisionBonner Hills
Land UseResidential
Legal DescriptionBONNER HILLS; BLOCK 1; LOT 2; DEATH DEED
Census Tract000400
Assessed Land Value$52,061
Assessed Improvement Value$237,027
Assessment Year2025

About this property

WELCOME HOME!! This charming home has had several recent updates and is calling for the next owner to complete the finishing touches. Home features beautifully updated kitchen with wide plank wood tile, 2 living areas, dining, updated hall bathroom with double sinks, extra-large utility room and spacious master suite. The covered patio is perfect for entertaining friends and family or just taking a relaxing break. Situated on large tree-shaded corner lot with storage building and RV parking- this home has it all!!! *Buyer or Buyer's agent to verify all information.

Investor Tools

Property Icon
$285,000
Estimated Property Value
$124,883Estimated Mortgage Balance
$160,117Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,710 /month
Positive
Cash Flow Estimate:
$570 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$362/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,916
$272,205
2025
$52,061
$237,027
$289,088
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,916
$272,205

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bank Financial
Fha
$158,083
Yes
First
Jun 13, 2016
Jul 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$124,883
$160,117
56%
44%
$948/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$948/mo
+$472/mo
6.0%

City: Gainesville

1803 College Street | Property Details | No Agent List