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$304,000

$320,350

502 Ritchey St, Gainesville, TX, 76240

On MarketInfo
Price DropInfo
Beds4 Beds
Baths2 Bath
Baths2,079 Sq Ft
price_per_sqft$146.22 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave

Exterior

Lot Size7,174 sqft

Building Information

Year Built2017
Roof Type105
Garage Spaces1

Land Information

APN11282
Lot Number6
SubdivisionRobertson Addn #2
Land UseResidential
Legal DescriptionROBERTSON ADDN #2; BLOCK 2; LOT 6 PT OF
Census Tract000600
Assessed Land Value$29,202
Assessed Improvement Value$293,664
Assessment Year2025

About this property

ASSUMABLE LOAN AT 4.37% + NO HOA — a rare combination in today's market! Welcome to this beautifully designed one-level home in Gainesville, where eye-catching curb appeal and architectural charm shine with tray ceilings throughout, including the foyer. The open layout highlights a kitchen with a center island flowing into the main living space, perfect for gathering and everyday comfort. A spacious laundry room adds convenience, while the primary suite features an ensuite bath with dual sinks and a framed shower. Step outside to a fenced backyard with a covered patio, shaded by mature trees — a peaceful spot to relax or entertain, with no HOA to worry about. Ideally located near Interstate 35, this home offers easy access to nearby cities like Denton and Dallas, along with close proximity to local shopping, dining, and the charm of historic downtown Gainesville. Don't wait — with a below-market assumable rate of 4.37% and zero HOA fees, this one won't last. Discounted rate options and no lender fee future refinancing may also be available for qualified buyers of this home. Schedule your tour today!

Investor Tools

$178,212Estimated Mortgage Balance
$145,842Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,937 /month
Positive
Cash Flow Estimate:
$646 /month

Interested in this property?

Sheryl Sears

Orchard Brokerage

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$550/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,981
$322,866
2025
$29,202
$293,664
$322,866
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$4,981
$322,866

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$207,079
Yes
First
May 20, 2019
Jun 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$178,212
$144,654
44%
55%
$1,242/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,753/mo
$1,242/mo
+$511/mo
6.5%

City: Gainesville

502 Ritchey St | Property Details | No Agent List