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$595,000

602 CR 245, Gatesville, TX, 76528

$645,000 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,379 Sq Ft
FarmFarm
price_per_sqft$431.47 / sqft
Year BuiltBuilt in 1998

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Range
FlooringVinyl

Exterior

Exterior FeaturesStorage

About this property

Discover your personal sanctuary on this 41+- acre property, just 12 minutes from Downtown Gatesville. With an elevation of up to 1020 feet, this land offers breathtaking views and a serene environment enhanced by a seasonal creek. The manicured landscape features clearings around the creek and mature trees providing shade and privacy. The property is well-maintained, partially fenced, and includes a wildlife exemption for low property taxes. Built in 1998, the cozy 1379 sq. ft. home includes two bedrooms and two bathrooms, ideal as an in-law suite or temporary residence while you build your dream home. Enjoy panoramic views and abundant wildlife, including white-tail deer, dove, and turkey. Conveniently located off a paved county road, this property is under an hour’s drive from Waco, Temple, and Killeen, with reasonable commutes to Austin, Dallas-Fort Worth, and Houston.

Investor Tools

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$0
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$645,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,570 /month
Positive
Cash Flow Estimate:
$1,190 /month

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Financing Details

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

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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602 CR 245 | Property Details | No Agent List