NOT LISTED FOR SALE

466 Fm 371 Gainesville, TX 76240

Estimated Value: $1,657,078

4 Beds
2.5 Baths
2,488 Sq Ft
$666/Sq Ft Est. Value

Last Sold May 05, 2022

Current estimated payment $9,031/month

63 Days on Market

Highlights

  • Horses Allowed On Property
  • 112.5 Acre Lot
  • Ranch Style House
  • Oak Trees
  • 1 Stock Tank or Pond
  • Corner Lot

About This Home

As of May 2022

Gorgeous 112.5 acre property in Cooke County on sandy loam soil--perfect for building your dream ranch or developing! Good access off of FM 371 (asphalt), as well as access going East at the NE corner along CR 138. The property is relatively level with mature oak trees. Large hay producing pastures with creek. Hay pastures have averaged 300-400 large round bales a year. Great income opportunity or feed your own livestock. Pecan trees can also be harvested. The property has a 2488 SF brick home that sits well back from the main road with panoramic views from the front and back porches. A large home with good bones and potential-could easily be updated and modernized. Great opportunity to build the ranch of your dreams, or to subdivide and develop. Preliminary survey available. Come see it - property of this size and quality is rarely available this close to town. It won't last long!

Last Agent to Sell the Property

Lynda Weaver

Lake & Country Realty, LLC License #0682775 Listed on: 01/07/2022

Co-Listed By

Lauren McCambridge

Real Estate Shoppe TX, LLC License #0754520

Last Buyer's Agent

NON-MLS MEMBER

NON MLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21

Year Built

  • Built in 1965

Lot Details

  • 112.5 Acre Lot
  • Property fronts a county road
  • Barbed Wire
  • Brush Vegetation
  • Corner Lot
  • Level Lot
  • Oak Trees
  • Pine Trees
  • Partially Wooded Lot
  • Many Trees
  • Subdivision Possible

Parking

  • 2-Car Garage with two garage doors

Home Design

  • Ranch Style House
  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,488 Sq Ft Home
  • Paneling
  • Fireplace Features Masonry
  • Window Treatments

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Full Size Washer or Dryer
  • Washer and Electric Dryer Hookup

Home Security

  • Intercom
  • Fire and Smoke Detector

Schools

  • Chalmers Elementary School
  • Gainesvill Middle School
  • Lee Middle School
  • Gainesvill High School

Farming

  • 1 Stock Tank or Pond
  • Agricultural Exemption
  • 112 Acres of Pasture
  • 1 Residence
  • Loafing Shed
  • Pasture
  • Fenced For Cattle

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Co-Op Electric
  • No City Services
  • Co-Op Water
  • Septic Tank
  • Sewer Not Available

Additional Features

  • Covered Patio or Porch
  • Outside City Limits
  • Horses Allowed On Property

Community Details

  • Boyle J Subdivision

Listing and Financial Details

  • Assessor Parcel Number 18047

Home Details

Home Type

Single Family

Est. Annual Taxes

$21

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Farm
  • Architectural Style: Ranch, Traditional
  • Structural Style: Farm/Ranch House, Single Detached
  • Unit Levels: One
  • Restrictions: No Known Restriction(s)
  • Security: Smoke Detector(s)
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: Yes
  • Municipal Utility District Y N: No
  • Notice Surveillance Devices Pres: None
  • Will Subdivide: Yes
  • Accessibility Features Yn: No
  • Accessory Unit YN: No
  • Agricultural Exemption YN: Yes
  • Crop Retire Program Y N: No
  • Horse Permitted Y N: Yes
  • Lake Pump Y N: No
  • Ratio Current Price By Building: 602.89389
  • Special Features: None
  • Year Built: 1965

Interior Features

  • Square Footage: 2488.00
  • Windows: Window Coverings
  • Fireplace Features: Masonry
  • Interior Amenities: Paneling
  • Flooring: Carpet, Laminate
  • Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven, Refrigerator
  • Fireplaces: 1
  • Number Of Dining Areas: 1
  • Number Of Living Areas: 1
  • Other Equipment: Intercom
  • Room Count: 11

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Easements: Utilities
  • Pool: No
  • Foundation: Slab
  • Fencing: Barbed Wire
  • Pasture Acres: 111.50
  • Roof: Composition
  • Soil Type: Sandy Loam
  • Surface Rights: Easement
  • Construction Materials: Brick
  • Number Of Tanks And Ponds: 1
  • Waterfront: No
  • Patio And Porch Features: Covered, Patio
  • RoadFrontageType: County Road, FM Road
  • RoadSurfaceType: Asphalt, Gravel

Garage/Parking

  • Cooling System: Central Air, Electric
  • Garage Spaces: 2
  • Total Covered Spaces: 2
  • Parking Features: 2-Car Double Doors
  • GarageYN: Yes

Utilities

  • Heating: Central, Electric
  • LaundryFeatures: Electric Dryer Hookup, Full Size W/D Area, Washer Hookup
  • Utilities: Asphalt, Co-op Electric, Co-op Water, Gravel/Rock, Outside City Limits, Septic, Sewer Not Available, Underground Utilities, No City Services
  • Number Of Wells: 1

Condo/Co-op/Association

  • Association Type: None

Schools

  • School District: Gainesville ISD
  • Elementary School: Chalmers
  • High School: Gainesvill
  • School District: Gainesville ISD
  • Elementary School: Chalmers
  • Intermediate School: Lee
  • Junior High School: Gainesvill
  • High School: Gainesvill

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: Over 100 Acres
  • Lot Features: Acreage, Brush, Corner Lot, Level, Many Trees, Oak, Pine, Pasture, Rolling Slope, Sloped, Tank/ Pond
  • Lot Size Units: Acres
  • Lot Size Area: 112.5000
  • Parcel Number: 18047
  • Lot Size Acres: 112.5000
  • Lot Size Sq Ft: 4900500.0000
  • Assessor Parcel Number 2: 18048, 18049
  • Possible Use: Agricultural, Cattle, Development, Equine, Grazing, Horses, Investment, Livestock, Mixed Use, Multi-Family, Pasture, Ranch, Residential, Single Family
  • Present Use: Agricultural, Livestock, Pasture, Single Family, Vacant
  • LandLeaseYN: No

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1965
  • SeniorCommunityYN: No

Multi Family

  • Number Of Residences: 1

Tax Info

  • Special Taxing Entities: No

MLS Schools

  • MiddleOrJuniorSchool: Gainesvill
  • Elementary School Name: Chalmers
  • High School Name: Gainesvill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 9, 2023
Sold by
Hectare Avenues Llc
Bought by
Paji Internacional Corp
Current Estimated Value
$1,657,078

Purchase Details

Listed on
Jan 7, 2022
Closed on
May 5, 2022
Sold by
Russell Irrevocable Trust
Bought by
Hectare Avenues Llc
Seller's Agent
Lynda Weaver
Lake & Country Realty, LLC
Buyer's Agent
NON-MLS MEMBER
NON MLS
List Price
$1,600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.12%
Original Mortgage
$1,125,000
Interest Rate
4.42%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Paji Internacional Corp -- None Listed On Document
Hectare Avenues Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hectare Avenues Llc $1,125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2022 05/05/22 Sold -- -- --
03/11/2022 03/11/22 Pending -- -- --
01/07/2022 01/07/22 For Sale $1,600,000 -- $643 / 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 $21 $1,554 $1,554 $0
2023 $23 $1,635 $1,635 $0
2022 $40 $2,549 $0 $0
2021 $46 $0 $0 $0
2020 $45 $0 $0 $0
2019 $46 $0 $0 $0
2018 $46 $0 $0 $0
2017 $46 $0 $0 $0
2015 $45 $0 $0 $0
2014 $45 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lynda Weaver

    Seller's Agent in 2022

    Lynda Weaver

    Lake & Country Realty, LLC

    (903) 436-2632

    108 Total Sales

    Section Image
  • Lauren McCambridge

    Seller Co-Listing Agent in 2022

    Lauren McCambridge

    Real Estate Shoppe TX, LLC

    (330) 518-3238

    47 Total Sales

    Section Image

  • N

    Buyer's Agent in 2022

    NON-MLS MEMBER

    NON MLS

See All Agents

Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14732368

North Texas Real Estate Information Systems (NTREIS)

APN: 18047

Texas Cooke County Gainesville 76240

466 Fm 371, Gainesville, TX

This home is located at 466 Fm 371, Gainesville, TX 76240 since 07 January 2022 and is currently estimated at $1,657,078, approximately $666 per square foot. This property was built in 1965. 466 Fm 371 is a home located in Cooke County with nearby schools including Edison Elementary School, W.E. Chalmers Elementary School, and Gainesville Intermediate School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

North Texas Real Estate Information Systems (NTREIS) Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved

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