For sale

Price cut: $25K (8/1)

$100,000

515 County Road 121, Gainesville, TX 76240

4beds

1,536sqft

$851/mo

Get pre-qualified

Single Family Residence

Built in 2010

1.04 Acres Lot

$-- Zestimate^®

$65/sqft

$-- HOA

What's special

Extra space and privacy

Investor Special! Don’t miss this exceptional opportunity to add value on just over 1 acre in a peaceful rural setting. This property is ideal for investors, flippers, or buyers looking for their next project. The home is partially unfinished and will require additional renovations, but much of the groundwork has already been completed, offering a great head start and keeping the remaining rehab relatively manageable. With just over an acre of land, there’s plenty of room to enjoy the outdoors, add improvements, or simply take advantage of the extra space and privacy. Whether you’re looking to renovate and resell, create a long-term rental, or build equity through updates, this property offers excellent potential. Bring your vision and transform this property into something special!

59 days
742
33

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Features: Ceiling Fan(s)
Level: First
Dimensions: 10 x 10

Bedroom

Features: Ceiling Fan(s)
Level: First
Dimensions: 10 x 10

Bedroom

Features: Ceiling Fan(s)
Level: First
Dimensions: 10 x 10

Bedroom

Features: Ceiling Fan(s)
Level: First
Dimensions: 11 x 11

Primary bathroom

Level: First
Dimensions: 7 x 7

Other

Level: First
Dimensions: 5 x 5

Living room

Features: Ceiling Fan(s)
Level: First
Dimensions: 15 x 15

Appliances

Included: Dishwasher, Disposal

Features

Open Floorplan
Has basement: No
Has fireplace: No

Interior area

Total interior livable area: 1,536 sqft

Video & virtual tour

View virtual tour

Property

Parking

Parking features: Additional Parking, Driveway

Features

Levels: One
Stories: 1
Pool features: None

Lot

Size: 1.04 Acres

Details

Parcel number: 136100

Construction

Type & style

Home type: SingleFamily
Architectural style: Detached
Property subtype: Single Family Residence

Condition

Year built: 2010

Utilities & green energy

Water: Public
Utilities for property: Water Available

Community & HOA

Community

Subdivision: Williams & Ballard

HOA

Has HOA: No

Location

Region: Gainesville

Financial & listing details

Price per square foot: $65/sqft
Tax assessed value: $145,925
Annual tax amount: $1,892
Date on market: 7/8/2026
Cumulative days on market: 61 days

Estimated market value

Not available

Estimated sales range

Not available

$1,811/mo

Price history

Date	Event	Price
8/1/2026	Price change	$100,000-20%$65/sqft
Source: NTREIS #21323342 Report a problem
7/21/2026	Price change	$125,000-16.7%$81/sqft
Source: eXp Realty #21323342 Report a problem
7/8/2026	Listed for sale	$150,000$98/sqft
Source: NTREIS #21323342 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$807 +19.2%	$124,238 +10%
2023	$678 -40.7%	$112,944 +10%
2022	$1,142 -11.1%	$102,676 +10%
2021	$1,284	$93,342 +10%
2020	--	$84,856 +1.9%
2019	$1,218 +18.2%	$83,238 +11.2%
2018	$1,031	$74,886 +9.6%
2017	$1,031 +0.9%	$68,353 +1.5%
2015	$1,021 -21.3%	$67,374
2014	$1,298	$67,374 +10.7%
2013	--	$60,841