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Days225Days on Market
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$350,000

408 Gaddy Street, Farmersville, TX, 75442

$361,049 ARVInfo
On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,917 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$119.99 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
AppliancesDishwasher, Electric Cooktop, Electric Oven
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesCourtyard, Rain Gutters, Private Yard, Storage

Building Information

Year Built1977
Stories1
Garage Spaces2

Land Information

APNR-1055-001-0050-1
Lot Number5,6
SubdivisionGaddy West Addition (Cfc)
Land UseResidential
Legal DescriptionGADDY WEST ADDITION (CFC), BLK A, LOT 5 & 6
Census Tract031101
Assessed Land Value$106,375
Assessed Improvement Value$328,165
Assessment Year2025

About this property

MASSIVE PRICE REDUCTION!! NEEDS TO SELL! 100% FINANCING AVAILABLE WITH USDA LOAN! ***PRICED UNDER TAX APPRAISAL*** Updated single story ranch style home on a spacious .44 acre lot located minutes from HWY 78 and HWY 380. Fabulous floorplan featuring darker colored luxury vinyl plank flooring upon entry and leading through the main rooms of the home into the oversized living area with brick fireplace with gas starter and wall of sunny windows. The kitchen is a masterpiece with granite counters, SSTL appliances, prep island with bar seating option, plus walls of cabinets and counter space. Primary bedroom with massive closets, plush carpeting and an EPIC en suite bathroom featuring a stunning soaking tub, beautifully tiled glass framed shower, dual vanities and dual closets. Split bedroom plan offers the 4th bedroom on a private wing of the house; perfect for multi generational living. Entertain in style and where better to host than in the expansive dining area, or go casual and eat in at the cozy breakfast nook that overlooks the private yard. Storage building out back for all your lawn care toys and tools. Covered patio, two car garage. ROOF REPLACED MAY 2025 offering peace of mind.

Investor Tools

$384,697Estimated Mortgage Balance
$49,843Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$361,049
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,607 /month
Positive
Cash Flow Estimate:
$869 /month

Interested in this property?

Bryan Davis

Keller Williams Central

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$843/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,942
$434,540
2025
$106,375
$328,165
$434,540
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,942
$434,540

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Fha
$392,755
Yes
First
Apr 1, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$384,697
$49,843
11%
89%
$2,493/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.

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: Farmersville

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