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$258,500

229 E Tennie St, Gainesville, TX, 76240

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths1,010 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$255.94 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1.5Bathrooms Full 1.5
Indoor FireplaceIndoor Fireplace
CoolingCooling
AppliancesDishwasher, Electric Range, Electric Water Heater, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Engineered Hardwood, Hardwood

Exterior

Exterior FeaturesDeck, Private Entrance, Private Yard, Rain Gutters, Storage
Lot Size7,758 sqft

Building Information

Year Built1940
Roof Type105

Land Information

APN10909
SubdivisionGainesville Addn
Land UseResidential
Legal DescriptionGAINESVILLE ADDN; BLOCK 109; TR 5; ACRES .1781
Census Tract001100
Assessed Land Value$42,758
Assessed Improvement Value$116,872
Assessment Year2025

About this property

Absolutely adorable 2-bedroom, 2-bath home nestled on a beautifully landscaped corner lot in Historic Gainesville, just a short walk from downtown dining, shopping, and entertainment! This charming home offers a flexible floor plan filled with warmth and character. The inviting living area features beautiful hardwood flooring, and spacious kitchen with abundant cabinetry, granite countertops, stainless steel appliances, and an adjoining dining area. Atrium doors open to a covered back deck, creating the perfect spot for morning coffee, outdoor dining, or relaxing while overlooking the gorgeous backyard. The primary suite features generous closet space and a private bath, while the guest bedroom and second full bath are conveniently located just off the living area. Outside, the curb appeal is simply delightful! A covered front porch overlooks the beautifully landscaped corner lot, while the backyard is surrounded by lush, established landscaping that creates a peaceful and private retreat. A large storage building remains with the property, and additional features include covered parking and a tankless water heater. Charming, comfortable, and wonderfully located...there is so much to love about this special home in the heart of Gainesville!

Investor Tools

$226,233Estimated Mortgage Balance
$141,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,551 /month
Positive
Cash Flow Estimate:
$517 /month

Interested in this property?

MISTY SCHMITZ

TIERRA REAL ESTATE

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$107/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$578
$105,849
2025
$42,758
$116,872
$159,630
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$578
$105,849

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American National Bank & Trust
Conventional
$232,800
No
First
Feb 24, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$226,233
N/A
0%
160%
$1,396/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$1,396/mo
$-346/mo
8.9%

City: Gainesville

229 E Tennie St | Property Details | No Agent List