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Days155Days on Market
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$230,000

$240,000

724 S Rusk Street, Gainesville, TX, 76240

$260,038 ARVInfo
On MarketInfo
Price DropInfo
Beds3 Beds
Baths1 Bath
Baths1,924 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$119.54 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

Must-SellHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Cooktop, Gas Oven, Gas Water Heater
FlooringWood, Vinyl

Exterior

Exterior FeaturesPrivate Yard, Storage
Lot Size15,133 sqft

Building Information

Year Built1952
Roof Type105
Garage Spaces1

Land Information

APN13985
Lot Number10
SubdivisionRoss Addn
Land UseResidential
Legal DescriptionROSS ADDN; BLOCK 2; LOT 10 & W 15' OF 9; ACRES .3474
Census Tract001100
Assessed Land Value$70,119
Assessed Improvement Value$168,805
Assessment Year2025

About this property

Owner is Relocating and has Drastically Reduced for a quick sale! Nestled in the heart of Gainesville’s charming historic area, this beautifully renovated brick home sits on a spacious half-acre corner lot that offers shade from mature trees, as well as an abundance of sunshine throughout the day. Step inside to a warm and inviting living area with gleaming hardwood floors and an open kitchen perfect for entertaining. The home offers spacious bedrooms, a large utility room, and an updated bathroom featuring modern finishes while preserving its classic character. Enjoy the outdoors in the generously sized, fenced backyard with juicy peach tree—complete with a custom pet condo and plenty of room for gatherings, gardening, or play. Blending small-town charm with thoughtful updates, this property offers comfort, convenience, and timeless appeal—all within walking distance of downtown shops, dining, and local events. Recent Improvements include bathroom renovation, interior and exterior paint, roof, butcher block countertop, and more!

Investor Tools

Property Icon
$248,000
Estimated Property Value
$0Estimated Mortgage Balance
$88,087Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$260,037
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,488 /month
Positive
Cash Flow Estimate:
$496 /month

Interested in this property?

MISTY SCHMITZ

TIERRA REAL ESTATE

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$407/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,649
$238,924
2025
$70,119
$168,805
$238,924
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,649
$238,924

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Click N Close Inc
Conventional
$171,000
No
First
Dec 21, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$159,913
$88,087
35%
64%
$1,026/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,026/mo
+$394/mo
6.9%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Gainesville

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724 S Rusk Street | Property Details | No Agent List