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Days26Days on Market
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$540,000

2566 County Road 147, Gainesville, TX, 76240

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,818 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$191.63 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Off-Market ListMust-SellAbsentee 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, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater
FlooringTile, Vinyl

Exterior

Lot Size1 acre

Building Information

Year Built1979
Roof Type105
Garage Spaces1

Land Information

APN15778
SubdivisionDemarcus J
Land UseResidential
Legal DescriptionDEMARCUS J 0314 ACRES 1.0
Census Tract000100
Assessment Year2025

About this property

Escape the hustle and bustle and enjoy country living at its finest with this freshly remodeled farmhouse on just over 9 acres! Located in the highly desired Callisburg ISD, this newly renovated 3 bedroom 2 bath home boasts a ton of upgrades such as a new roof, new vinyl siding, new vinyl flooring, new kitchen and bath countertops, 2 new hot water heaters and all new paint throughout- not to mention all of the beautiful mature pecan trees- it truly is a must see! With two large living areas and a fully enclosed sunroom that leads to a covered back patio- this property is ideal for entertaining or hosting large family gatherings. This beautiful piece of land has been a working farm for decades and comes equipped with a 30x60 barn with available water, 100amp electrical service, as well as an additional 20x24 carport on a concrete slab- perfect for storing vehicles or other farm equipment. There are also two ponds on the property making this an ideal setup for livestock. Bring your ideas and turn this into your very own farm or ranch today! Start living the country life while being just minutes from town!

Investor Tools

Property Icon
$535,000
Estimated Property Value
$0Estimated Mortgage Balance
$535,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,240 /month
Positive
Cash Flow Estimate:
$1,080 /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
$303/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$959
$290,039
2025
N/A
N/A
$300,073
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$959
$290,039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$569,000
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
3.2%

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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2566 County Road 147 | Property Details | No Agent List