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$1,050,000

NAL Estimated Property Value

3380 Fm 902, Gainesville, TX, 76240

$1,365,000 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,736 Sq Ft
price_per_sqft$226.42 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListDeal ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Trash Compactor, Built-In Refrigerator, Dishwasher, Electric Cooktop, Electric Oven, Microwave
FlooringCarpet, Ceramic Tile, Marble, Wood

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size1 acre

Building Information

Year Built1998
Roof Type105
Garage Spaces2

Land Information

APN67817
SubdivisionAtkinson O
Land UseResidential
Legal DescriptionATKINSON O 0010 ACRES 1.0
Census Tract000702
Assessed Land Value$64,513
Assessed Improvement Value$779,086
Assessment Year2025

About this property

One of the prettiest 22-acre ranch in Cooke County located just west of Lake Kiowa and minutes to Gainesville. Beautiful custom 3 bed, 3 bath brick home that sits high and overlooks a large front pasture and picturesque pond. Enjoy the view from the sun room. Approx. 800 sq ft on second floor that is sheet rocked & plumbed for full bath which could be another bedroom or media room. Private entrance off FM 902 with great balance of land & trees. Several flat spots to build your shop or barn if you wish. Rolling hay production in front as you drive to house. House is settled in a grove of oak trees. Storm cellar and storage building.

Investor Tools

Property Icon
$1,050,000
Estimated Property Value
$493,722Estimated Mortgage Balance
$556,278Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$1,365,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,300 /month
Positive
Cash Flow Estimate:
$2,100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,394/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,481
$843,599
2025
$64,513
$779,086
$843,599
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$11,481
$843,599

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Conventional
$548,000
No
First
Mar 24, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$493,722
$556,278
52%
47%
$3,286/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$3,286/mo
$-1,866/mo
1.6%

City: Gainesville

3380 Fm 902 | Property Details | No Agent List