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NoAgentList RatingHow are grades calculated? Info
Days75Days on Market
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$229,000

771 County Road 121, Gainesville, TX, 76240

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,344 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$170.39 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Electric Water Heater
FlooringLaminate

Exterior

Lot Size4.93 acres

Building Information

Year Built2014
Roof Type112

Land Information

APN99727
SubdivisionWilliams & Ballard
Land UseResidential
Legal DescriptionWILLIAMS & BALLARD 1313 ACRES 4.93
Census Tract000100
Assessed Land Value$54,062
Assessed Improvement Value$48,731
Assessment Year2025

About this property

Approx 5 acre tract in the highly sought after Callisburg ISD with water, electric and septic already on site! This spacious property offers plenty of room to get away from the hustle and bustle but still close enough to enjoy the amenities of town. Existing mobile home could use some TLC or it can be removed, offering a blank canvas for that dream home you've been wanting to build. Bring your animals and your ideas and turn that dream into a reality! Call your favorite Realtor today for a private showing and make this one yours!

Investor Tools

Property Icon
$247,000
Estimated Property Value
$0Estimated Mortgage Balance
$247,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,482 /month
Positive
Cash Flow Estimate:
$494 /month

Interested in this property?

Richard Montgomery

Fathom Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$211/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,298
$102,793
2025
$54,062
$48,731
$242,157
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,298
$102,793

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$247,000
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
6.9%

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: Gainesville

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771 County Road 121 | Property Details | No Agent List