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Days520Days on Market
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$142,000

$159,900

500 Gibson St, Winnsboro, TX, 75494

On MarketInfo
Price DropInfo
Beds2 Beds
Baths1 Bath
Baths912 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$155.7 / sqft
Year BuiltBuilt in 1935

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1

Exterior

Lot Size8,503 sqft

Building Information

Year Built1900

Land Information

APN40188
Land UseResidential
Legal DescriptionLOT PT 3A,PT 3B BLK Y-1 .1952 CITY OF WINNSBORO
Census Tract950200
Assessed Land Value$4,250
Assessed Improvement Value$164,010
Assessment Year2025

About this property

Great home or investment property. This completely updated and renovated property is currently used as a rental property - and has a waiting list. New roof, new flooring, new kitchen cabinets, and foundation work all done in 2023. This property sits on a quiet road without through traffic which makes this neighborhood a great place for an evening stroll or to take your furry friends to play at Walker Park. The updates, new roof, and new heating/ac mini-split units, and new hot water heater make it the perfect move-in ready personal residence or investment property. Another plus? The perfect price and perfect location. This home is within walking distance to the shops and restaurants in the vibrant downtown area of Winnsboro. Winnsboro is a quiet community located approximately 2 hours from the DFW area and close to many area lakes including Lake Winnsboro, Lake Cypress Spring, Lake Bob Sandlin, and Lake Fork.

Investor Tools

$100,068Estimated Mortgage Balance
$42,606Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$852 /month
Positive
Cash Flow Estimate:
$284 /month

Interested in this property?

Debbie May

Clements, REALTORS®

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$221/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,940
$95,789
2025
$4,250
$164,010
$168,260
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,940
$95,789

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Deephaven Mortgage Llc
Conventional
$105,000
No
First
Sep 27, 2023
Oct 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$100,068
$68,932
40%
70%
$630/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: Winnsboro

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500 Gibson St | Property Details | No Agent List