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$629,500

240 County Road 260, Gainesville, TX, 76240

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths3,922 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$160.5 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Double Oven, Microwave, Plumbed For Ice Maker, Refrigerator, Vented Exhaust Fan, Tankless Water Heater, Gas Water Heater
FlooringCarpet, Ceramic Tile, Marble, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting
Lot Size1.67 acres

Building Information

Year Built1996
Roof Type105
Garage Spaces4

Land Information

APN27659
Lot Number16
SubdivisionRed Oak Subd
Land UseResidential
Legal DescriptionRED OAK SUBD; LOT 16; ACRES 1.67
Census Tract001100
Assessed Land Value$106,537
Assessed Improvement Value$570,704
Assessment Year2025

About this property

Everything you have dreamed of and more with this stunning custom home in the Red Oak Add. Flexible floor plan, soaring ceilings, magnificent stone fireplace, gourmet kitchen with graphite appliances, induction cooktop, exotic granite, island, walk in pantry, custom cabinetry and more. Master suite with walk out patio and resort style bath, cast iron soaker tub, walk in steam shower, dual sinks, and a closet to die for! Upstairs features two guest suites, loft space with overlook, and media room or office. Two car garage, detached shop, lavish landscape, sparkling pool with hot tub, sprinkler & security system, updated hvacs, pool equipment, windows, tankless wh, and more! Smart features throughout! WOW!

Investor Tools

Property Icon
$677,241
Estimated Property Value
$0Estimated Mortgage Balance
$677,241Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,063 /month
Positive
Cash Flow Estimate:
$1,354 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$921/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,670
$677,241
2025
$106,537
$570,704
$677,241
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$7,670
$677,241

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$677,241
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,753/mo
N/A
+$1,753/mo
3.1%

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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240 County Road 260 | Property Details | No Agent List