Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
—
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
Auction List
Auction List
  • Real estate scheduled for county or online auction
Deals List
Deals List
  • Discounted properties priced below market value
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS

$226,000

NAL Estimated Property Value

502 State School Rd, Gatesville, TX, 76528

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,984 Sq Ft
price_per_sqft$115.68 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 2Bathrooms Half 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Range, Refrigerator, Water Heater, Some Electric Appliances, Range
FlooringCarpet, Laminate

Exterior

Exterior FeaturesOther, Porch, Private Yard, Rain Gutters, See Remarks
Lot Size19,515 sqft

Building Information

Year Built1975
Garage Spaces2

Land Information

APN0-93-47-5730
Lot Number31
SubdivisionNorthern Annex
Land UseResidential
Legal DescriptionNORTHERN ANNEX, BLOCK 12, LOT 31, ACRES .4477
Census Tract010202
Assessed Land Value$15,670
Assessed Improvement Value$179,610
Assessment Year2025

About this property

Remodeled and move-in ready! The charm is noticed right away with the decorative light post and cute covered front porch! Combined the main home and guest home offer 1,984 sqft of living space and share a large fenced back yard! Sitting on just under a half acre corner lot with beautiful mature trees and a cross fenced yard, you've got room for that workshop, garden and playscape! Over the last few years the owners have completed the following updates: New roof w/warranty, HVAC, PEX plumbing lines, new gas lines, foundation repair/leveling & warrantied by Centex Foundation. The main home features a private MBR, huge WIC, & nice Master Bath, large open kitchen/dining space, guest rooms with ample closet space and a full guest bath with laundry closet. THE 600 lsqft GUEST HOUSE shares utilities with the main home and offers a nice floor plan with good size rooms, fresh paint and direct access to the back yard, and carport/storage area. This is the perfect space for a family member, care-giver or to utilize as a man cave! The large 2-car caport offers 2 garage door secured storage rooms & easy access to both the guest house and the back kitchen door of the main home! This property really has lots to offer with big ticket items updated, fresh carpet and paint and the kitchen range & fridge will convey! The corner lot provides convenient 2nd entrance & access to an old slab that is the perfect home for that shop or storage building you've dreamed of! Conveniently located close to H.E.B. & local dining, down-town, shopping/dining, & just 5 miles from Coryell Memorial Healthcare/Hospital. Disclaimer: Age and square footage provided by CCAD, all measurements are approximate. Buyer to verify all information provided and ensure utility availability as needed.

Investor Tools

Property Icon
$226,000
Estimated Property Value
$170,773Estimated Mortgage Balance
$55,227Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,377 /month
Positive
Cash Flow Estimate:
$459 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$319/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,694
$195,280
2025
$15,670
$179,610
$195,280
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,694
$195,280

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Conventional
$174,100
No
First
Apr 11, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$170,773
$55,227
24%
76%
$1,044/mo

City: Gatesville

502 State School Rd | Property Details | No Agent List