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Days30Days on Market
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$1,250,000

783 County Road 121, Gainesville, TX, 76240

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,266 Sq Ft
price_per_sqft$551.63 / sqft
Year BuiltBuilt in 2009

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher
FlooringTile

Exterior

Lot Size1 acre

Building Information

Year Built2009
Roof Type105
Garage Spaces2

Land Information

APN1660
SubdivisionWilliams & Ballard
Land UseResidential
Legal DescriptionWILLIAMS & BALLARD 1313 ACRES 1.0
Census Tract000100
Assessed Land Value$35,000
Assessed Improvement Value$338,588
Assessment Year2025

About this property

Escape to peaceful country living with this beautiful brick home situated on 20 scenic acres just outside of Callisburg, only minutes from Gainesville. Perched on a hilltop, the property offers beautiful views and plenty of room to enjoy the outdoors. Inside, you'll find a spacious floor plan featuring 4 large bedrooms and an oversized living room centered around a cozy fireplace—perfect for family gatherings or relaxing evenings. The generous kitchen offers abundant cabinetry, a comfortable breakfast area, and easy access to the formal dining room, making it ideal for both everyday living and entertaining. Property is fenced and has two stock tanks. Whether you're looking for room for livestock, recreation, gardening, or simply the privacy and tranquility of country life, this versatile property offers endless possibilities. Enjoy the convenience of being close to Gainesville while experiencing the peace and beauty of a hilltop country setting. Come experience wide-open spaces, breathtaking views, and the comfort of true country living.

Investor Tools

$137,608Estimated Mortgage Balance
$456,392Estimated Equity
72% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,500 /month
Positive
Cash Flow Estimate:
$2,500 /month

Interested in this property?

Coryann Johnson

Texas Homes and Land

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$556/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,697
$373,588
2025
$35,000
$338,588
$373,588
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,697
$373,588

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
4u Fcu
Conventional
$240,800
No
First
Apr 30, 2009
Oct 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$137,608
$354,392
72%
23%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
N/A
+$1,420/mo
2.9%

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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783 County Road 121 | Property Details | No Agent List