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$106,000

NAL Estimated Property Value

511 Saunders St, Gatesville, TX, 76528

$110,376 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths955 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$112.04 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesOther
FlooringHardwood

Exterior

Lot Size1.72 acres

Building Information

Year Built1955
Garage Spaces2

Land Information

APN0-98-49-0000
Lot Number2
SubdivisionOriginal Town Gatesville
Land UseResidential
Legal DescriptionORIGINAL TOWN GATESVILLE, BLOCK 65, LOT 2, ACRES 1.72
Census Tract010300
Assessed Land Value$54,010
Assessed Improvement Value$46,200
Assessment Year2025

About this property

If you're looking for a fixer-upper with character, space, and location, this one checks all the boxes. Built in 1955, this 2-bedroom, 2-bathroom rock home sits on a generous 1.72-acre lot in historic downtown Gatesville—just a short walk to the Coryell County Courthouse and local shops. The bones are solid, and several major updates are already complete: new roof, double-pane windows, updated electrical wiring, and new exterior siding. Inside, the home still needs remodeling work, giving you a blank canvas to bring your vision to life. The lot itself is a standout—sloping gently down to a seasonal creek at the back, with mature trees offering shade and privacy. There’s also an older two-car garage on-site, which could be reworked or removed to make room for larger garage/shop building or additional parking. Whether you're dreaming of a cozy homestead or eyeing a potential commercial use—like an office for a CPA, attorney, or small business—this property offers flexibility in one of Gatesville’s most walkable locations. Homes on large lots like this, especially in-town, are getting harder to find. Don’t miss your chance to create something special right here in Gatesville.

Investor Tools

Property Icon
$106,000
Estimated Property Value
$64,226Estimated Mortgage Balance
$41,774Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$110,375
Rent-to-Value Ratio: 0.72%
Rent Estimate
$642 /month
Positive
Cash Flow Estimate:
$214 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$124/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$956
$100,210
2025
$54,010
$46,200
$100,210
No

Tax History

Year
Tax Paid
Assessed Value
2024
$956
$100,210

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The First National Bank Of Evant
Unknown
$64,600
No
First
Jan 12, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$64,226
$41,774
39%
61%
$388/mo

Learn About the Market: Opportunity in Texas

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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.

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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: Gatesville

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511 Saunders St | Property Details | No Agent List