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$416,193

NAL Estimated Property Value

806 Aspen, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,835 Sq Ft
price_per_sqft$90.65 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting, Storage
Lot Size17,163 sqft

Building Information

Year Built1973
Roof Type105
Garage Spaces2

Land Information

APN18789
Lot Number6
SubdivisionWheeler Creek Addn
Land UseResidential
Legal DescriptionWHEELER CREEK ADDN; BLOCK 14; LOT 6 PT OF
Census Tract000600
Assessed Land Value$59,554
Assessed Improvement Value$356,639
Assessment Year2025

About this property

Large 3 bed, 2.5 bath home with 2,835 SQFT of living space is located close to Edison Park, grocery, shopping, schools and restaurants. Newly renovated kitchen boasts gorgeous granite counter tops and subway tile, all new appliances including cooktop, oven, microwave and dishwasher. Beautifully renovated bathrooms have granite countertops and ceramic tile. The master bath has dual basin sinks and separate shower and tub. The living room has a fire place and wet bar with ample space for entertining and event hosting. Utility room fits full size washer and dryer. The backyard has new open porches for sitting out by the pool, a storge building and dog kennels with cement floors. Sunroom with large windows.

Investor Tools

Property Icon
$416,193
Estimated Property Value
$194,843Estimated Mortgage Balance
$221,350Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,497 /month
Positive
Cash Flow Estimate:
$832 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$708/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,418
$416,193
2025
$59,554
$356,639
$416,193
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$6,418
$416,193

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Conventional
$222,521
No
First
Jan 2, 2020
Feb 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$194,843
$221,350
53%
47%
$1,335/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,335/mo
+$85/mo
4.1%

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.

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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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