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Owner Contacts

$1,361,000

2650 County Road 108, Gatesville, TX, 76528

$1,769,300 ARV

Off Market

5 Beds

4 Bath

2,864 Sq Ft

Single Family Residence

$261.52 / sqft

Built in 2005

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 5

Bathrooms Full 3

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating

Cooling

AppliancesDishwasher, Oven, Cooktop

FlooringCarpet, Vinyl

Exterior

Lot Size32.05 acres

Building Information

Year Built2005

Stories3

Land Information

APN0-62-01-5000

SubdivisionJ Timmons

Land UseResidential

Legal Description1028 J TIMMONS, ACRES 32.053

Census Tract010102

Assessed Land Value$52,110

Assessed Improvement Value$594,700

Assessment Year2025

About this property

32 acre mini ranch w/Leon River frontage featuring a 3 Bedroom, 3 Full Bath Main House and 2 Bedroom (1 loft style), 1 Full Bath Guest House with Kitchen and Laundry. Insulated workshop and separate garage both have 240v outlets for welding/air compression and extensive built-in shelving. Stables with tack room and horse panel fencing. 450' deep well with water at 333', flow tested to 60 GPM. Recently tested, no issues with potability. Also feeds irrigation system with automated pumping/tank/valve systems. First floor renovation of main house in 2019 (kitchen, flooring, owner's bath, paint, etc.). Texas-native landscaping renovation in 2018 which included the upper garden installation featuring automated drip irrigation. Automated/networked lighting and thermostats as well as outdoor Wi-Fi. 11 kW grid-tied solar system on top of workshop feeding property. Buried power/water to stables, with auto-leveling water troughs at stables and southeast pasture. Convenient to Waco/Temple/Killeen.

Investor Tools

$1,361,000

Estimated Property Value

$0Estimated Mortgage Balance

$1,361,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)*

$1,769,300

Rent-to-Value Ratio: 0.72%

Rent Estimate

$8,166 /month

Positive

Cash Flow Estimate:

$2,722 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$842/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,293

$646,810

2025

$52,110

$594,700

$910,300

Tax History

Year

Tax Paid

Assessed Value

2024

$3,293

$646,810

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$1,361,000

100%

$0/mo

Learn About the Market: Opportunity in Texas

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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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