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$260,000

423 Glenwood Street, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,527 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$170.2 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave, Refrigerator

Exterior

Lot Size11,805 sqft

Building Information

Year Built2012
Roof Type105
Garage Spaces2

Land Information

APN108776
Lot Number10
SubdivisionSummerfield Addn
Land UseResidential
Legal DescriptionSUMMERFIELD ADDN; BLOCK C; LOT 10
Census Tract000100
Assessed Land Value$48,220
Assessed Improvement Value$206,520
Assessment Year2025

About this property

This delightful 3-bedroom, 2-bath home, nestled on an expansive lot, is a rare find with only one owner. The open floor plan seamlessly connects the living, dining, and kitchen areas, creating an inviting space for gatherings. Enjoy the freedom of no HOA restrictions. Located just a short drive to downtown Gainesville, this property offers both tranquility and convenience. Don’t miss the opportunity to make this exceptional home yours! Buyer and buyer’s agent to verify accuracy of all information including room & lot sizes, schools, taxes, amenities, HOA, etc. Neither Seller nor Listing Agent makes any warranties or representation as to accuracy.

Investor Tools

Property Icon
$260,000
Estimated Property Value
$0Estimated Mortgage Balance
$30,022Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,560 /month
Positive
Cash Flow Estimate:
$520 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$396/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,448
$254,740
2025
$48,220
$206,520
$254,740
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,448
$254,740

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$246,360
Yes
First
Oct 19, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$229,978
$30,022
11%
88%
$1,478/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,478/mo
$-58/mo
6.6%

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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