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$249,500

800 N Clements Street, Gainesville, TX, 76240

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,322 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$188.73 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Must-SellHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Ice Maker, Microwave, Double Oven
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size9,374 sqft

Building Information

Year Built1940
Roof Type105
Garage Spaces2

Land Information

APN12677
Lot Number2
SubdivisionWoodsmith
Land UseResidential
Legal DescriptionWOODSMITH; 2905; BLOCK 5; LOT 2 & S1/2 OF 3; 0.2152
Census Tract000600
Assessed Land Value$38,156
Assessed Improvement Value$198,630
Assessment Year2025

About this property

Step into the perfect blend of vintage charm and modern convenience with this beautifully updated 3 bedroom, 2 bath country home in the heart of Gainesville, TX. Built in the 1940s, this home retains its character while offering a thoughtfully designed open floor plan that suits today’s lifestyle. Inside, you’ll find a spacious living area that flows seamlessly into a well appointed kitchen featuring granite countertops, a double oven, and ample room for cooking, entertaining, and gathering with family and friends. A generously sized utility room adds everyday practicality, while a built in office desk space provides the perfect spot for working from home or staying organized. Outside, the detached two car garage is more than just parking, it’s fully equipped with cabinets for tools, hobbies, or crafting. Don’t miss your chance to make it yours!

Investor Tools

$215,796Estimated Mortgage Balance
$40,204Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,536 /month
Positive
Cash Flow Estimate:
$512 /month

Interested in this property?

Kate McCoy

Link'd Real Estate LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$346/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,872
$236,786
2025
$38,156
$198,630
$236,786
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,872
$236,786

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American National Bank & Trust
Conventional
$220,000
No
First
May 12, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$215,796
$40,204
15%
84%
$1,320/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,320/mo
+$100/mo
6.7%

City: Gainesville

800 N Clements Street | Property Details | No Agent List