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B+
NoAgentList RatingHow are grades calculated? Info
Days26Days on Market
Views1view
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$325,000

$340,000

924 The Oil Road, Gainesville, TX, 76240

$391,673 ARVInfo
On MarketInfo
Price DropInfo
Beds3 Beds
Baths3 Bath
Baths2,112 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$153.88 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Must-SellHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesNone
FlooringOther

Exterior

Exterior FeaturesBalcony
Lot Size6.44 acres

Building Information

Year Built2021

Land Information

APN156460
SubdivisionDe Los Santos G
Land UseResidential
Legal DescriptionDE LOS SANTOS G 0894 ACRES 6.44
Census Tract000100
Assessed Land Value$105,745
Assessed Improvement Value$49,902
Assessment Year2025

About this property

Secluded 3 bedroom 2.5 bath on approximately 5+ acres ready for your finishing touches. Plumbing and electrical have been roughed in. Sheetrock is in place. Metal framing firmly secures the house to the land. The wraparound deck provides picturesque nature views. The large deck in the back - 42x19 - would be ideal for entertaining. All personal property is included. THERE ARE NO RAILINGS FOR THE PORCH, DECK, STAIRS, AND SECOND FLOOR SO PLEASE USE THE UTMOST CAUTION! There are more construction photos that are available upon request. Buyer and-or Buyer's agent to verify any and all information provided by Seller and-or Seller's agent.

Investor Tools

Property Icon
$381,000
Estimated Property Value
$0Estimated Mortgage Balance
$345,535Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$391,672
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,286 /month
Positive
Cash Flow Estimate:
$762 /month

Interested in this property?

Steve Ritchey

Ritchey Real Estate Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$322/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,965
$155,647
2025
$105,745
$49,902
$155,647
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,965
$155,647

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wade Kirk Etal
Seller Carryback / Seller Financing / Seller Take-Back
$40,000
No
First
Aug 6, 2020
Apr 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$35,465
$345,535
90%
9%
$240/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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924 The Oil Road | Property Details | No Agent List