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B+
NoAgentList RatingHow are grades calculated? Info

$1,250,000

482 Center Hill Rd, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,231 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$560.29 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesTrash Compactor, Built-In Gas Range, Dishwasher, Electric Oven, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Exterior FeaturesRain Gutters, RV Hookup, Storage
Lot Size2 acres

Building Information

Year Built2000
Roof Type105
Garage Spaces6

Land Information

APN27895
Lot Number22
SubdivisionCenter Hill Addn
Land UseResidential
Legal DescriptionCENTER HILL ADDN; LOT 22 PT OF; ACRES 2.0
Census Tract000100
Assessed Land Value$33,730
Assessed Improvement Value$383,769
Assessment Year2025

About this property

Peaceful setting abounds at this great property that is on a quite cul-de-sac. Large Oak trees welcome you as you drive up the driveway and provide great shade around the home! Step inside and you will be impressed with the attention to detail trough out this home. Large family room with brick fireplace and a wall of windows that overlook your back patio and your pasture! Large open kitchen with wonderful appliances that any cook will love! Formal dining room for family gatherings! Two bedrooms and a bath are separate from the Primary Suite. Primary suite has large walk in closet, windows overlooking pasture and a bath that has recently been updated with paint, tile and a large dual headed shower!! Outside there is a workshop with full bath, hook up for washer and dryer, roll-up doors, RV orTrailer storage with plugs and loads of storage. Horse barn with room for 3 stalls (12 x 16), tack room, wash rack, hay loft and overhang for implements. 150 x 250 arena pad with premium sand! In good years - 125-150 large rolls of Coastal Hay has been baled off pastures! 2 ponds that are spring fed (per previous owners). All this great property needs is YOU!!! Callisburg ISD!!!

Investor Tools

Property Icon
$1,238,000
Estimated Property Value
$120,000Estimated Mortgage Balance
$1,120,473Estimated Equity
90% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,500 /month
Positive
Cash Flow Estimate:
$2,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$897/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,571
$417,499
2025
$33,730
$383,769
$433,085
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$4,571
$417,499

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$120,000
No
First
May 28, 2025
Jun 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$117,527
$1,120,473
90%
9%
$720/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$720/mo
+$700/mo
1.4%

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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482 Center Hill Rd | Property Details | No Agent List