$192,500
SOLD JUN 2, 2025
Last list price

402 S Gaines St Ennis, TX 75119

2 Beds
2 Baths
1,104 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$174 Per Sq Ft

51 Days on Market

Highlights

  • Granite Countertops
  • Tile Flooring
  • Heating Available
  • Cooling Available
  • 1-Story Property

About This Home

As of June 2025

ATTENTION INVESTORS! Brick duplex is ready for a new owner. Unit A is vacant and recently renovated. Unit B is tenant occupied. Ennis is a thriving family community with local festival, parades, dances, etc. Home of the renowned Bluebonnet Festival, the Autumn Daze festival with its hay maze and pumpkin patch, Ennis is experiencing exponential growth so this is an excellent opportunity to purchase in a growing community. Each unit has a spacious bedroom with lots of closet space, one full bathroom with combo tub & shower, and a galley style kitchen with built-in cabinets. Currently leased below market rent. Comps suggest fair market rent should be $850-$1000 per month.

Last Agent to Sell the Property

Pam Smith

LPT Realty, LLC. Brokerage Phone: 877-366-2213 License #0489719 Listed on: 01/28/2025

LPT Realty, LLC.

Last Buyer's Agent

Janice Williams

Keller Williams Realty License #0807518

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,112

Year Built

  • Built in 1983

Parking

  • Driveway

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Kitchen

  • Electric Range
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

  • Bowie Elementary School
  • Ennis High School

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • 1-Story Property
  • 5,663 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 5 / 199
  • Assessor Parcel Number 158520

Community Details

Overview

  • 2 Units
  • 1,104 Sq Ft Building
  • O T Ennis Subdivision

Building Details

  • Gross Income $17,400
  • Net Operating Income $13,511

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,112

Year Built

Built in 1983

Lot Details

0

Listing Details

  • OWNERNAME: VCP 30 Duplex Owner LLC
  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: One
  • Year Built Details: Preowned
  • Attribution Contact: 877-366-2213
  • CapRate: 7.02
  • Co List Office Mls Id: AR3433
  • Special Features: VirtualTour
  • Year Built: 1983

Interior Features

  • Interior Amenities: Granite Counters, Other
  • Flooring: Carpet, Tile
  • Appliances: Electric Range

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Foundation: Slab
  • Roof: Composition
  • Construction Materials: Brick
  • Exterior Features: Other
  • Pool Features: None

Garage/Parking

  • Cooling System: Electric
  • Parking Features: Driveway
  • GarageYN: No

Utilities

  • Sewer: Public Sewer
  • Heating: Electric
  • Utilities: Sewer Available, Water Available
  • Heating Yn: Yes

Schools

  • Elementary School: Bowie
  • High School: Ennis
  • Junior High Dist: Ennis ISD

Lot Info

  • Lot Features: Other
  • Lot Size Units: Acres
  • Lot Size Area: 0.13
  • Parcel Number: 158520
  • Lot Size Acres: 0.13
  • Lot Size Sq Ft: 5662.8

Building Info

  • Year Built: 1983
  • Units Total: 2

Multi Family

  • Insurance Expense: 777.0
  • Annual Gross Income: 17400.0
  • Property Net Operating Income: 13511.0

Tax Info

  • TaxBlock: 199
  • Tax Lot: 5
  • Tax Annual Amount: 3112.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2025
Closed on
May 21, 2025
Sold by
Vcp 30 Duplex Owner Llc
Bought by
Singh Tejveer
Seller's Agent
Pam Smith
LPT Realty, LLC.
Buyer's Agent
Janice Williams
Keller Williams Realty
List Price
$200,000
Views
110
Current Estimated Value
$206,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,650
Outstanding Balance
$177,347
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$29,499

Purchase Details

Closed on
Oct 17, 2024
Sold by
Sms Properties Llc and Sms Properties Limited Liability Company
Bought by
Vcp 30 Duplex Owner Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- Benchmark Title
Special Warranty Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $177,650 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2025 06/02/25 Sold -- -- --
03/21/2025 03/21/25 Pending -- -- --
03/03/2025 03/03/25 Price Changed $192,500 -1.3% $174 / Sq Ft
02/05/2025 02/05/25 Price Changed $195,000 -2.5% $177 / Sq Ft
01/28/2025 01/28/25 For Sale $200,000 -- $181 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,428 $159,193 $49,500 $109,693
2023 $3,428 $144,453 $49,500 $94,953
2022 $3,075 $128,484 $27,000 $101,484
2021 $2,133 $84,710 $15,000 $69,710
2020 $2,096 $81,440 $15,000 $66,440
2019 $2,220 $84,710 $0 $0
2018 $1,306 $49,840 $9,500 $40,340
2017 $1,322 $49,840 $7,500 $42,340
2016 $1,164 $43,880 $7,500 $36,380
2015 $1,162 $43,880 $7,500 $36,380
2014 $1,162 $43,880 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20829222

North Texas Real Estate Information Systems (NTREIS)

APN: 158520