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$239,000

206 Ritchey St, Gainesville, TX, 76240

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,680 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$142.26 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Gas Range, Gas Water Heater, Refrigerator
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesPrivate Entrance, Private Yard, Storage, Garden
Lot Size18,300 sqft

Building Information

Year Built1950
Roof Type105
Garage Spaces6

Land Information

APN12949
Lot Number3S1
SubdivisionClements I
Land UseResidential
Legal DescriptionCLEMENTS I; BLOCK 4; LOT 3 S 1/2
Census Tract000600
Assessed Land Value$50,972
Assessed Improvement Value$177,380
Assessment Year2025

About this property

Step into timeless charm and endless possibilities with this delightful vintage bungalow situated on a huge corner lot! Filled with character and warmth, this inviting home features a spacious living area with cozy fireplace, charming kitchen with beautiful oak cabinetry, three bedrooms, and two full baths. Enjoy relaxing mornings on the covered front porch with stunning arch detailing, or unwind in the oversized backyard surrounded by perimeter fencing, lush flower gardens, and mature shade trees. Need room for hobbies, toys, or projects? The impressive 30x33 metal shop and additional covered parking offer the perfect setup for a workshop, storage, or recreational space. This property blends classic charm with functional space both inside and out… a rare opportunity with room to live, work, and play!

Investor Tools

$0Estimated Mortgage Balance
$237,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,434 /month
Positive
Cash Flow Estimate:
$478 /month

Interested in this property?

MISTY SCHMITZ

TIERRA REAL ESTATE

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$194/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,142
$223,835
2025
$50,972
$177,380
$228,352
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,142
$223,835

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$233,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
N/A
+$1,420/mo
7.2%

City: Gainesville

206 Ritchey St | Property Details | No Agent List