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$950,000

938 County Road 189, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths3,144 Sq Ft
FarmFarm
price_per_sqft$302.16 / sqft
Year BuiltBuilt in 2018

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Oven, Gas Range, Microwave, Plumbed For Ice Maker, Tankless Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesBalcony, Fire Pit, Other
Lot Size1 acre

Building Information

Year Built2018
Roof Type112
Garage Spaces1

Land Information

APN156621
SubdivisionMillard Rf
Land UseResidential
Legal DescriptionMILLARD RF 0629 ACRES 1.0 938 CR 189, GAINESVILLE TX 76240
Census Tract000100
Assessed Land Value$33,376
Assessed Improvement Value$428,062
Assessment Year2025

About this property

Escape to your private wildlife paradise on just over 50 beautiful acres near DFW! This newly built dream home boasts an open concept great room with a cozy fireplace, a large eat-in kitchen with Viking appliances, pot filler, gas cooktop, and walk-in pantry! The relaxing primary retreat with sitting room and custom closet will WOW you with the designer detail and the 2nd downstairs suite with ensuite is perfect for guests! The laundry room and mudroom are oversized and stylish! Gameroom, office, and 3rd bedroom upstairs! Relax on your back patio or on the front porch watching the deer and take some time to fish in your pond! Welcome Home!

Investor Tools

Property Icon
$1,233,000
Estimated Property Value
$1,040,000Estimated Mortgage Balance
$212,874Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,398 /month
Positive
Cash Flow Estimate:
$2,466 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,012/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,975
$461,438
2025
$33,376
$428,062
$461,438
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$5,975
$461,438

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pennymac Loan Services Llc
Conventional
$1,040,000
No
First
Apr 9, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,020,126
$212,874
17%
83%
$6,236/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$6,236/mo
$-4,816/mo
1.4%

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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938 County Road 189 | Property Details | No Agent List