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$155,000

NAL Estimated Property Value

409 S Commerce Street, Gainesville, TX, 76240

$201,500 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,344 Sq Ft
price_per_sqft$114.33 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Gas Range
FlooringWood

Exterior

Private PoolPrivate Pool
Lot Size17,437 sqft

Land Information

APN111
Lot Number5-7-8
SubdivisionBolhm
Land UseVacant Land
Legal DescriptionBOLHM; BLOCK 3; LOT 5-7-8 PTS OF; ACRES .4003
Census Tract001100
Assessed Land Value$12,619
Assessment Year2025

About this property

Charming brick home by historic downtown with pool and extra 0.4-acre land behind it! Main Street living. Quick walk to historic downtown Gainesville. Backyard Oasis with inground pool. Get excited to set up your Texas BBQ patio. Love to Garden? Ready to play in your yard? Schedule a showing today. Don't wait!! Home is freshly painted. Original HDWD floors have been redone beautifully. Well kept, recent updates include new HVAC unit, tankless water heater and updated electrical panel. Bring your designer eye and make this your perfect home.

Investor Tools

Property Icon
$155,000
Estimated Property Value
$251,443Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$201,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,608 /month
Positive
Cash Flow Estimate:
$536 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$84/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$239
$12,619
2025
$12,619
N/A
$12,619
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$239
$12,619

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Va
$267,000
Yes
First
Mar 21, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$251,443
N/A
0%
162%
$1,601/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: Gainesville

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409 S Commerce Street | Property Details | No Agent List