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Days197Days on Market
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$287,500

$290,000

805 Ritchey Street, Gainesville, TX, 76240

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,621 Sq Ft
price_per_sqft$177.36 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Water Heater, Gas Cooktop, Gas Oven, Gas Range, Microwave, Tankless Water Heater
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size6,299 sqft

Building Information

Garage Spaces2

Land Information

APN1052
Lot Number4
SubdivisionWoodsmith
Land UseVacant Land
Legal DescriptionWOODSMITH; BLOCK 5; LOT 4
Census Tract000600
Assessed Land Value$25,641
Assessment Year2025

About this property

The Seller is offering $7,500 to pay Buyers closing cost or buy down interest rate! Beautiful New Construction with No HOA! This brand- new home offers quality craftsmanship and a functional layout designed for comfortable living. Featuring 3 spacious bedrooms and 2 full bathrooms, this home provides an open and inviting floor plan filled with natural light. Kitchen offers custom cabinetry, quartz countertops and luxury vinyl plank flooring. This house also provides energy efficient foam insulation for lasting comfort and savings. Located in the heart of Gainesville, you're just minutes from schools, parks, shopping, dining, and major highways making commuting and daily errands a breeze.

Investor Tools

$0Estimated Mortgage Balance
$25,641Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,725 /month
Positive
Cash Flow Estimate:
$575 /month

Interested in this property?

Sonia Ortega

Ready Real Estate LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$51/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$486
$25,641
2025
$25,641
N/A
$25,641
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$486
$25,641

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$25,641
100%
0%
$0/mo

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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805 Ritchey Street | Property Details | No Agent List