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B+
NoAgentList RatingHow are grades calculated? Info
Days129Days on Market
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$255,000

$247,000

3511 Austin Street, Gainesville, TX, 76240

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,434 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$177.82 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Must-SellHigh Equity

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, Vented Exhaust Fan
FlooringLaminate

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size6,299 sqft

Building Information

Year Built2003
Roof Type105
Garage Spaces2

Land Information

APN115222
Lot Number15
SubdivisionChalmers Estates
Land UseResidential
Legal DescriptionCHALMERS ESTATES; BLOCK 1; LOT 15; PHASE 1
Census Tract001100
Assessed Land Value$49,500
Assessed Improvement Value$179,655
Assessment Year2025

About this property

Affordable Opportunity in Chalmers Estates Welcome to this well-priced three-bedroom, two-bath brick home located in the desirable Chalmers Estates of Gainesville. Designed with comfort and functionality in mind, this home features an open floor plan with a spacious living and kitchen combo, highlighted by a cozy woodburning fireplace…perfect for everyday living or entertaining. Solid surface flooring runs throughout for easy maintenance, while the generously sized bedrooms offer walkin closets for ample storage. Step outside to enjoy the covered patio, ideal for relaxing or hosting guests, and take advantage of the attached two car garage. Priced for a quick sale, this home presents an excellent opportunity for investors or buyers seeking an affordable residence. Whether you’re looking for a smart investment, a home for a growing family, or a low-maintenance option for downsizing, this property checks all the boxes. Don’t miss your chance to secure a great value in an established neighborhood.

Investor Tools

Property Icon
$248,000
Estimated Property Value
$0Estimated Mortgage Balance
$248,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,530 /month
Positive
Cash Flow Estimate:
$510 /month

Interested in this property?

MISTY SCHMITZ

TIERRA REAL ESTATE

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$372/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,225
$229,155
2025
$49,500
$179,655
$229,155
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,225
$229,155

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$248,000
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
6.9%

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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3511 Austin Street | Property Details | No Agent List