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$233,000

NAL Estimated Property Value

715 S Morris Street, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,039 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$85.78 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

BankruptcyOff-Market ListDeal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Vented Exhaust Fan
FlooringLaminate, Wood

Exterior

Lot Size10,472 sqft

Building Information

Year Built1950
Roof Type105
Garage Spaces2

Land Information

APN4908
SubdivisionGainesville Addn
Land UseResidential
Legal DescriptionGAINESVILLE ADDN; BLOCK 122; TR 15; ACRES .2404
Census Tract001100
Assessed Land Value$41,844
Assessed Improvement Value$155,990
Assessment Year2025

About this property

GREAT CORNER LOT HOME WITH LOTS OF SPACE AND SO MUCH POTENTIAL. This home featuring over 2,000 square feet and an over sized 2 car garage has great bones, original hardwood floors and updated laminate flooring already in the home. Nice open floorplan with large kitchen that opens to living area that featuring a fireplace. Bring your creative design ideas and give this home a facelift and make it your own! This home is being sold AS-IS. Cash, hard money or conventional financing preferred.

Investor Tools

Property Icon
$233,000
Estimated Property Value
$0Estimated Mortgage Balance
$233,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,398 /month
Positive
Cash Flow Estimate:
$466 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$410/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,749
$197,834
2025
$41,844
$155,990
$197,834
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,749
$197,834

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$233,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
N/A
+$1,420/mo
7.3%

City: Gainesville

715 S Morris Street | Property Details | No Agent List