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1507 & 1511 E Garnett St, Gainesville, TX, 76240

2beds
2baths
1,456sqft
$175,000
$120price/sqft
$1,454/moest. monthly cost
$58,160/yrincome needed

About This Home

Spacious 1,450 sq ft single-family home with new roof and updated exterior painting offering 2 bedrooms, 2 baths, a large bonus room and an additional fourth room that can serve as a third bedroom, office or oversized utility room. Set on three lots with a massive 1,400 sq ft storage building — perfect for a contractor, hobbyist, or extra rental income. Excellent investment opportunity or comfortable family home with room to grow. Property includes three lots for 1507 and 1511 E. Garnett St. See survey for dimensions. Owner selling property as is. Buyer or buyers agent to verify all information. Key features: Living area: 1,450 sq ft Bedrooms: 2 (plus a convertible 4th room for use as a 3rd bedroom) Bathrooms: 2 full baths Bonus room: large flexible space (media, home office, den, etc.) New roof and updated exterior painting Property: three contiguous lots — expanded yard, development or parking potential Outbuilding: 1,400 sq ft storage building (workshop, equipment storage, potential rental) Ideal for: long-term rental, multi-generational living, home business, or family needing extra space

Getting Around

56
WalkingSomewhat Walkable
0
TransitVery Limited Transit
44
BikeSomewhat Bikeable

Schools

--
Edison Elementary SchoolGrades PK-10.4 mi
3/10
3/10
Gainesville High SchoolGrades 9-122.2 mi

Construction

Condition

  • Year built: 1950

Materials

  • Foundation: Pillar/Post/Pier
  • Roof: Composition
  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Architectural style: Detached
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Range

Bedroom

  • Level: First
  • Dimensions: 0 x 0

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Bonus Room

  • Level: First
  • Dimensions: 0 x 0

Bonus Room

  • Level: First
  • Dimensions: 0 x 0

Features

  • Paneling/Wainscoting,Cable TV
  • Flooring: Laminate,Wood
  • Number of fireplaces: 1
  • Fireplace features: Bedroom
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 1,456 sqft

Living Room

  • Level: First
  • Dimensions: 0 x 0

Master Bedroom

  • Level: First
  • Dimensions: 0 x 0

Property

Details

  • Parcel number: 19701
  • Attached to another structure: Yes

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Fencing: Chain Link

Lot

  • Lot size: 0.31 Acres
  • Lot size dimensions: 0

Parking

  • Total spaces: 1
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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
  • Hail
    HailRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Lightning
    LightningModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

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

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 $884$10,608
Home Insurance *$178$2,136
Property Taxes $154$1,848
Electricity $238$2,859
Total$1,454$17,448
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$49,851/yr
40% on housing$43,620/yr
45% on housing$38,773/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

$120This listing

vs Other Active Listings

Avg $/sqft

ZIP 76240$206
Cooke County$233

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)

No zestimate history available

Price History

DateEventPrice
2026-04-27Listed for sale$175,000

For Sale by Agent

AgentScott Pulte
BrokeragePrime Properties

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