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B+
NoAgentList RatingHow are grades calculated?Info
Days71Days on Market
Views1view
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$930,000

$980,000

518 E College St, Gunter, TX, 75058

On MarketInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths3,894 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$238.83 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringTile, Wood, Vinyl

Exterior

Private PoolPrivate Pool
Lot Size4.04 acres

Building Information

Year Built1930
Stories1
Garage Spaces6

Land Information

APN292 7310001
Lot Number1
SubdivisionRusso Addition
Land UseResidential
Legal DescriptionRUSSO ADDITION, BLOCK 1, LOT 1, ACRES 4.038
Census Tract001901
Assessed Land Value$753,353
Assessed Improvement Value$351,417
Assessment Year2025

About this property

Modern Country Estate on 4+ acres in the highly desirable Gunter ISD! Blending original 1930s character with a massive expansion and complete remodel finished in recent years, this spectacular property offers nearly 4,000 square feet of high-end living space. Designed for effortless modern living, the expansive floor plan features 4 bedrooms, 3 full bathrooms, and 3 distinct, flexible living areas that provide plenty of room for family, guests, and everyday entertainment. A full video surveillance system is included for added peace of mind. Step outside to a private backyard oasis engineered for ultimate Texas outdoor living. The property boasts a pristine dive-depth swimming pool, perfectly paired with a premier covered outdoor kitchen pavilion. This incredible space serves as the ultimate hub for weekend entertaining and relaxed country evenings. For hobbyists, mechanics, or business owners, a massive asphalt driveway leads back to a sprawling 1,200 SF detached workshop featuring an 800 SF covered lean-to, offering incredible storage and workspace for classic cars, heavy equipment, or major projects. The acreage is a true recreational haven, spanning just over 4 acres that are fully fenced and cross-fenced. Enjoy a completely turnkey land management experience, as the tractor and matching implements are included with the property. Livestock and animal lovers will appreciate the secure, gated 3+ acre pasture alongside multiple barns on the property. You can also cast a line right in your own backyard from a private, lined, and fully stocked pond teeming with bass, crappie, and catfish. Located just minutes from the heart of Gunter and zoned for top-rated, highly acclaimed Gunter schools, this rare estate offers an unparalleled lifestyle where modern luxury meets true country freedom.

Investor Tools

$0Estimated Mortgage Balance
$688,999Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,580 /month
Positive
Cash Flow Estimate:
$1,860 /month

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James Spece

James Spece - Realtor Inc.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,125/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$688,999
2025
$753,353
$351,417
$1,104,770
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$688,999

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$688,999
100%
0%
$0/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: Gunter

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