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$10,000

402 E Cherry ST, Gause, TX, 77857

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,352 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$221.15 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesElectric Oven, Free-Standing Electric Range, Refrigerator, Tankless Water Heater
FlooringVinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard, RV Hookup
Lot Size6,251 sqft

Land Information

APNR10259
Lot Number1
Land UseResidential
Legal DescriptionS14300 MILLER BLK C LOT 1, (PREV CALLED GAUSE TOWNSHIP)
Census Tract950500
Assessed Land Value$10,000
Assessment Year2025

About this property

Rail Road Charmer. Two remodeled homes on an oversized lot in Gause, TX. The main home is an early 1900's bungalow completely remodeled from the inside out and features 3 bedrooms, 2 full baths and includes all new plumbing, electrical, HVAC, roof, windows, interior and exterior building materials, and all fixtures. The second home on the property is a 2 bedroom 1 bath with living room and full kitchen and includes a laundry room as well as plenty of storage. Both homes are connected via large outdoor patio/parking area. This corner oversized lot has large shady oak trees, and two separate large entrances to the backyard. No restrictions! Water is provided by Gause Water. Conventional Septic. Country life with all of the conveniences of living in town, the rural property is located in SE Milam County in the charming little town of Gause. Centrally located this property is 45 minutes from Taylor, only 40 minutes from Texas A&M, and less than 1 hour from Temple.

Investor Tools

Property Icon
$10,000
Estimated Property Value
$0Estimated Mortgage Balance
$10,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,794 /month
Positive
Cash Flow Estimate:
$598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$7/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$32
$10,000
2025
$10,000
N/A
$10,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$32
$10,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$10,000
100%
0%
$0/mo

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: Gause

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402 E Cherry ST | Property Details | No Agent List