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$229,000

2002 Redbud Rd, Gainesville, TX, 76240

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,409 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$162.53 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Water Heater
FlooringCarpet, Linoleum, Tile

Exterior

Lot Size11,665 sqft

Building Information

Year Built1974
Roof Type105
Garage Spaces2

Land Information

APN10403
Lot Number21
SubdivisionWheeler Creek Addn
Land UseResidential
Legal DescriptionWHEELER CREEK ADDN; BLOCK 12; LOT 21
Census Tract000600
Assessed Land Value$50,821
Assessed Improvement Value$168,771
Assessment Year2025

About this property

Charming 2 bedroom 2 bath brick home located in the highly desirable Wheeler Creek Addition. This property has been in the same family since it was first built in 1974! Huge bedrooms, a wide open living and dining area, and loads of closet space, this beauty has tons of potential and would make an excellent home or investment property. The backyard offers plenty of space to gather with family and friends and is perfect for entertaining and even has a 50-amp outlet that could be used for a hot tub on the back patio. Come see the charm and make this one yours today!

Investor Tools

Property Icon
$254,000
Estimated Property Value
$140,000Estimated Mortgage Balance
$122,974Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,524 /month
Positive
Cash Flow Estimate:
$508 /month

Interested in this property?

Richard Montgomery

Fathom Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$453/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,162
$219,592
2025
$50,821
$168,771
$219,592
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$4,162
$219,592

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Building Or Construction Loan
$140,000
No
First
Apr 6, 2022
May 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$131,026
$122,974
48%
52%
$795/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$795/mo
+$625/mo
6.7%

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.

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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2002 Redbud Rd | Property Details | No Agent List