NOT LISTED FOR SALE

550 County Road 2117 Gainesville, TX 76240

Estimated Value: $3,190,021

137 Acres
$23,285 Price per Acre
5,967,720 Sq Ft Lot

Last Sold November 10, 2021

Current estimated payment $16,828/month

71 Days on Market

Highlights

  • Uncovered Dock
  • Oak Trees
  • Lake View
  • Horses Allowed On Property
  • Home fronts a creek
  • 137 Acre Lot

About This Lot

As of November 2021

The ideal weekend family retreat, or forever home located in the post oak covered hills of southeastern Cooke County offers complete privacy while also being minutes away from town. 4 acre lake stocked with trophy bass, waterfowl habitat and a dock. Ox Creek runs through the property with magnificent trees, excellent deer and turkey populations, and grass covered rolling hills make this the ultimate multi-purpose ranch.
Well-appointed rustic log cabin. Could be used as a weekend getaway, primary residence, or even a venue for all kinds of events. Offered fully furnished. See full description in docs folder

Last Agent to Sell the Property

Jared Groce

Mossy Oak Properties- Cross Timbers Land & Home, LLC License #0584362 Listed on: 07/26/2021

Last Buyer's Agent

Steve Cox

Steve Cox Real Estate License #0528664

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $368

Year Built

  • Built in 1974

Lot Details

  • 137 Acre Lot
  • Home fronts a creek
  • Property fronts a county road
  • Unincorporated Location
  • Gated Home
  • Barbed Wire
  • Lot Has A Rolling Slope
  • Sprinkler System
  • Hilly Lot
  • Oak Trees
  • Many Trees
  • Large Grassy Backyard
  • Zoning described as Not Zoned

Home Design

  • Ranch Property

Schools

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

Farming

  • Equipment Barn
  • 1 Stock Tank or Pond
  • Agricultural Exemption
  • 103 Acres of Pasture
  • Pasture

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Water to Barn

Utilities

  • Co-Op Electric
  • No City Services
  • Co-Op Water
  • Water Tap or Transfer Fee
  • Well
  • Septic Tank
  • Phone Available

Additional Features

  • Lake Views
  • Outside City Limits

Listing and Financial Details

  • Assessor Parcel Number 323
  • $4,540 per year unexempt tax

Community Details

Recreation

  • Uncovered Dock
  • 1 Lake
  • Covered Deck
  • Covered Patio or Porch
  • Outdoor Storage

Additional Features

  • Hardaway Terrace Subdivision
  • 1 Separate Water Meter

Property Details

Property Type

Land

Est. Annual Taxes

$368

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Ranch
  • Restrictions: No Known Restriction(s)
  • Multi Parcel I D Y N: Yes
  • Municipal Utility District Y N: No
  • Will Subdivide: Subdivided
  • Agricultural Exemption YN: Yes
  • Crop Retire Program Y N: No
  • Horse Permitted Y N: Yes
  • Special Features: None

Exterior Features

  • Easements: Utilities
  • Fencing: Barbed Wire, Gate
  • Bottom Land Acres: 14.00
  • Pasture Acres: 103.00
  • Soil Type: Sandy Loam
  • Surface Rights: All, Mineral Easement
  • Exterior Features: Covered Deck, Covered Patio/Porch, Stable/Barn, Storage
  • Number Of Lakes: 1
  • Number Of Tanks And Ponds: 1
  • Patio And Porch Features: Covered
  • Road Assessment Y N: No
  • RoadFrontageType: County Road
  • RoadSurfaceType: Gravel

Garage/Parking

  • GarageYN: No

Utilities

  • Utilities: All Weather Road, Co-op Electric, Co-op Water, Electricity Available, Gravel/Rock, No City Services, Outside City Limits, Phone Available, Septic, Unincorporated, Well, Water Tap Fee Paid
  • Number Of Wells: 1

Condo/Co-op/Association

  • Association Type: None

Association/Amenities

  • DevelopmentStatus: Unzoned

Schools

  • 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, Bottom, Hilly, Lrg. Backyard Grass, Many Trees, Oak, Pasture, Rolling Slope, Sprinkler System, Tank/ Pond, Water/Lake View
  • Lot Size Units: Acres
  • Lot Size Area: 137.0000
  • Parcel Number: 323
  • Lot Size Acres: 137.0000
  • Lot Size Sq Ft: 5967720.0000
  • Assessor Parcel Number 2: 324,26941
  • Subdivided: Yes
  • Zoning Description: Not Zoned
  • Possible Use: Cattle, Equine, Grazing, Hunting/Fishing, Orchards/Vineyards, Single Family
  • Present Use: Agricultural, Hunting/Fishing, Single Family

Building Info

  • Year Built: 1974

Tax Info

  • Unexempt Taxes: 4540

Multi Family

  • Separate Water Meters: 1
  • WaterfrontFeatures: Creek, Dock – Uncovered

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2021
Closed on
Nov 10, 2021
Sold by
Brinkley and Claudia
Bought by
Ranchlands Of Texas Llc
Seller's Agent
Jared Groce
Mossy Oak Properties- Cross Timbers Land & Home, LLC
Buyer's Agent
Steve Cox
Steve Cox Real Estate
List Price
$2,350,000
Current Estimated Value
$3,190,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,116,500
Outstanding Balance
$1,620,801
Interest Rate
2.28%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 1, 2006
Sold by
Persons Billie Evelyn Price and Todd Billie Campbell
Bought by
Brinkley Dwayne and Brinkley Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
6.56%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Ranchlands Of Texas Llc -- None Listed On Document
Brinkley Dwayne -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ranchlands Of Texas Llc $2,116,500
Previous Owner Brinkley Dwayne $585,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2021 11/10/21 Sold -- -- --
10/05/2021 10/05/21 Pending -- -- --
09/24/2021 09/24/21 Price Changed $2,650,000 +12.8% $764 / Sq Ft
07/26/2021 07/26/21 For Sale $2,350,000 -- $678 / 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
2025 $368 $22,227 $8,571 $13,656
2024 $368 $27,102 $13,446 $13,656
2023 $300 $21,642 $8,796 $12,846
2022 $354 $22,769 $0 $0
2021 $330 $0 $0 $0
2020 $353 $0 $0 $0
2019 $342 $0 $0 $0
2018 $171 $0 $0 $0
2017 $171 $0 $0 $0
2015 $168 $0 $0 $0
2014 $168 $0 $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: 14635359

North Texas Real Estate Information Systems (NTREIS)

APN: 323