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$280,000

601 Line Dr, Gainesville, TX, 76240

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,750 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$160 / sqft
Year BuiltBuilt in 1950

About this property

Charming 1950s vintage home on a large corner lot in desirable Joy Acres, offering 3 bedrooms, 2.5 baths, a 2-car garage, and plenty of flexible living space. The inviting eat-in kitchen features refaced cabinetry and a gas range and opens to a cozy family room with built-ins. A formal living room provides additional gathering space, while the spacious flex area currently serves as a game room and entertainment space with a kitchenette and small full bath. The versatile layout offers excellent potential for a mother-in-law suite, with space for a bed, living area, kitchen, and full bath—all in one convenient area. The flex space also opens to a large private deck, creating an ideal setting for entertaining or relaxing outdoors. A detached oversized garage and an outdoor storage shed provides additional valuable storage. Conveniently located just minutes from the historic downtown square, shopping, dining, and local attractions. No HOA!

Investor Tools

$0Estimated Mortgage Balance
$220,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,680 /month
Positive
Cash Flow Estimate:
$560 /month

Interested in this property?

Neil Bowie Jr.

Coldwell Banker Realty Frisco

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$329/month
No HOA
5.947%

City: Gainesville