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$240,922

NAL Estimated Property Value

406 N Preston Rd, Gunter, TX, 75058

Off MarketInfo
Baths1 Bath
Baths924 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1940

Highlights

Interior

Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
FlooringVinyl

Exterior

Lot Size13,939 sqft

Building Information

Year Built1940
Roof Type109
Garage Spaces2

Land Information

APNG001 5850103
SubdivisionOtp Gunter
Land UseResidential
Legal DescriptionOTP GUNTER, BLOCK 47, ACRES 0.32
Census Tract001901
Assessed Land Value$205,408
Assessed Improvement Value$35,514
Assessment Year2025

About this property

100 x 140 lot in the Thoroughfare District on Hwy 289 in Gunter. Rapidly expanding area of Grayson County, this property would be ideal for offices, retail, schools or other business uses. It has been a private residence, and is in need of repair; it could be improved or the existing structure could be removed. Listing price is based on the land value. Any planned use should be approved by the City of Gunter.

Investor Tools

Property Icon
$240,922
Estimated Property Value
$0Estimated Mortgage Balance
$240,922Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,799 /month
Positive
Cash Flow Estimate:
$600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$130/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$350
$240,922
2025
$205,408
$35,514
$240,922
No

Tax History

Year
Tax Paid
Assessed Value
2024
$350
$240,922

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$240,922
100%
0%
$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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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: Gunter

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406 N Preston Rd | Property Details | No Agent List