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$1,200,000

3207 Fm 678, Gainesville, TX, 76240

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,664 Sq Ft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Building Information

Year Built2021

Land Information

APN322926
SubdivisionBailey Acc
Land UseResidential
Legal DescriptionBAILEY ACC 0044 LABEL# NTA2007773/74 SN1 L117262A/B TITLE # MH00913596
Census Tract000100
Assessed Improvement Value$133,120
Assessment Year2025

About this property

Rare opportunity to own approximately 74 acres just minutes from town, yet outside the city limits! With paved frontage along FM 678 and additional access from County Road 178, this versatile property offers exceptional possibilities for development, investment, recreation, or your own private country retreat. The property features a beautiful mix of open acreage and mature treed areas, providing plenty of privacy and natural character. Existing improvements include two water meters, two septic systems, a 2021 double-wide home offering approximately 1,664 square feet, and an additional approximately 3,000-square-foot home built in 1986 that is ready for someone to bring it back to its full potential. With no known restrictions, multiple access points, and substantial road frontage, the acreage offers excellent potential to subdivide into smaller tracts, create a multi-generational property, or simply enjoy all 74 acres as your own private recreational and hunting retreat. Currently ag exempt for the benefit of lower property taxes, this is a hard-to-find opportunity to purchase a large, unrestricted tract on a paved FM road while still being only minutes from town. Whether your vision is residential, investment, recreational, or future development, this property offers the land, access, utilities, and flexibility to make it happen. The possibilities are truly endless!

Investor Tools

$0Estimated Mortgage Balance
$302,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,200 /month
Positive
Cash Flow Estimate:
$2,400 /month

Interested in this property?

Christy Johnson

TIERRA REAL ESTATE

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$184/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$693
$133,120
2025
N/A
$133,120
$133,120
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2025
$693
$133,120

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$302,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
N/A
+$1,420/mo
5.6%

City: Gainesville