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$850,379

NAL Estimated Property Value

961 FM 678 Street, Gainesville, TX, 76240

Off MarketInfo
Baths0 Bath
Baths8,296 Sq Ft

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size2.85 acres

Building Information

Year Built1987

Land Information

APN108910
SubdivisionBailey Acc
Land UseOther / Unknown
Legal DescriptionBAILEY ACC 0044 ACRES 2.85
Census Tract000100
Assessed Land Value$108,186
Assessed Improvement Value$742,193
Assessment Year2025

About this property

Fantastic piece of flat land ready for a manufactured home. Just minutes outside of Gainesville with city sewer and electricity ready at the street, great opportunity to build. The lot is .78 acre and mostly flat from front to back. This lot is being sold with MLS 20869074 creating a 3 acre ranch. Each parcel has separate, unrelated ownership and that each parcel will be contracted separately.

Investor Tools

Property Icon
$850,379
Estimated Property Value
$0Estimated Mortgage Balance
$850,379Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,102 /month
Positive
Cash Flow Estimate:
$1,701 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$354/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$850,379
2025
$108,186
$742,193
$850,379
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$850,379

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$850,379
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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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961 FM 678 Street | Property Details | No Agent List