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391 County Road 147, Gainesville, TX, 76240

2beds
2baths
1,100sqft
$305,000
$277price/sqft
$2,191/moest. monthly cost
$87,640/yrincome needed

About This Home

PRICE REDUCED, WE ARE COMPLETED WITH THE MASONRY STONE WORK AND READY FOR A NEW OWNER!!! SURROUNDED BY A 500 ACRE HORSE RANCH, AND IN THE HEART OF HORSE COUNTRY IN COOKE COUNTY TX, THIS AMAZING SMALL HOME HAS IT ALL!!! IF YOU ARE LOOKING FOR A SEASONAL HOME, A FULL TIME HOME OR A VACATION GETAWAY, TAKE A LOOK AT THIS SPACIOUS A FRAME ON 2.65 ACRES AND AMAZING WIDE OPEN FLOOR PLAN 2 BEDROOM, 2 BATH HOME - NEW TO THE STUDS AND JUST FINISHING THE FAUX SLATE STONE THAT WILL SURROUND THE ENTRIE BOTTON OF THE HOME. FRONT AND BACK COVERED PORCHES, OUTDOOR GRILL MOUNTED IN THE GROUND, ROCK DECOR AND PLENTY OF SPACE TO BUILD A SMALL BARN. EASY ACCESS TO US HWY 82, CALLISBURG SCHOOLS, 38 MIN TO LAKE RAY ROBERTS, 13 MIN TO GAINESVILLE, 5 MIN TO WHITESBORO, 20 MIN TO SHERMAN TX. HOME SITS BACK ON HILL FROM THE ROAD, GREAT FRONT YARD, TONS OF PRIVACY IN THE BACK. THE HOME WAS STRIPPPED DOWN TO THE BARE STUDS, UPDATED ELECTRICAL, NEW PLUMBING, NEW HVAC, NEW ROOF, NEW SIDING, NEW WINDOWS AND DOORS, NEW CABINETS, NEW FLOORING, NEW SEPTIC, NEW GRANITE, NEW WATER HEATER, 6 INCHES NEW FOAM INSULATION UNDERNEATH, 10 YEAR WARRANTY ON HVAC, 30 YEAR WARRANTY ON SHINGLES, 2 YEAR WARRANTY OF SEPTIC.

Getting Around

6
WalkingCar-Dependent
0
TransitVery Limited Transit
18
BikeSomewhat Bikeable

Schools

5/10
5/10
Callisburg Middle SchoolGrades 6-83.3 mi
5/10
Callisburg High SchoolGrades 9-123.3 mi

Construction

Condition

  • Year built: 2024

Materials

  • Foundation: Pillar/Post/Pier
  • Roof: Composition
  • Construction materials: Fiberglass Siding,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: A-Frame,Detached,Farmhouse
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Range
  • Laundry features: Dryer Hookup,ElectricDryer Hookup,In Kitchen

Bedroom

  • Level: Second
  • Dimensions: 19 x 10

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Cedar Closet(s),Eat-in Kitchen,Granite Counters,High Speed Internet,Kitchen Island,Open Floorplan,Pantry,Vaulted Ceiling(s),Natural Woodwork,Walk-In Closet(s)
  • Window features: Window Coverings
  • Flooring: Brick,Luxury Vinyl Plank

Half Bath

  • Level: Second
  • Dimensions: 4 x 3

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Central Air,Ceiling Fan(s),Electric

Interior Area

  • Total interior livable area: 1,100 sqft

Kitchen

  • Features: Breakfast Bar,Built-in Features,Eat-in Kitchen,Granite Counters,Kitchen Island,Pantry
  • Level: First
  • Dimensions: 12 x 11

Living Room

  • Level: First
  • Dimensions: 12 x 23

Master Bedroom

  • Features: Cedar Closet(s),Ceiling Fan(s),Walk-In Closet(s)
  • Level: First
  • Dimensions: 18 x 11

Other

  • Features: Built-in Features,Dual Sinks,Granite Counters,Separate Shower
  • Level: First
  • Dimensions: 7 x 7

Property

Details

  • Parcel number: 26356
  • Exclusions: CAMERAS

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Deck,Covered
  • Exterior features: Built-in Barbecue,Barbecue
  • Fencing: Barbed Wire,Back Yard,Wire

Lot

  • Lot size: 2.65 Acres
  • Features: Acreage,Back Yard,Irregular Lot,Lawn,Many Trees

Parking

  • Parking features: Driveway

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoVery High
  • Drought
    DroughtRelatively High
  • Hail
    HailRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Wildfire
    WildfireRelatively High
  • Cold Wave
    Cold WaveModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Tornado
Drought
Hail
Heat Wave
Inland Flooding
Ice Storm
Strong Wind
Wildfire
Cold Wave
Lightning

FEMA Declared Disasters Across Texas Counties

Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,542$18,504
Home Insurance *$310$3,720
Property Taxes $101$1,212
Electricity $238$2,859
Total$2,191$26,292
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$75,120/yr
40% on housing$65,730/yr
45% on housing$58,426/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 3.4%
3.4%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: -0.6%
-0.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$277This listing

vs Other Active Listings

Avg $/sqft

ZIP 76240$205
Cooke County$232

vs Homes Sold Last Month

Median $/sqft

ZIP 76240$160
Cooke County$173

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-18Price change$305,000
2026-06-01Listed for sale$350,000
2023-04-06Listing removed--
2022-08-14Listing removed$124,900
2022-07-11Listed for sale$124,900

For Sale by Agent

AgentSara Jerome
BrokerageVincent Realty Group

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