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405 Meadow Dr, Gainesville, TX, 76240

2beds
2baths
1,535sqft
$229,900
$150price/sqft
$1,771/moest. monthly cost
$70,840/yrincome needed

About This Home

Inviting 2-bed, 2-bath, this property offers great bones, beautiful original details, and the kind of charm buyers notice right away. The layout is comfortable and practical, making it easy to move in and make it your own. The home features a completely fenced-in backyard, perfect for pets, play, or outdoor gatherings, plus a storage area in the garage for tools, hobbies, or extra belongings. Located within walking distance of Edison Elementary School and the Homegrown Hero Walking Trail, it blends convenience with a great neighborhood feel. A solid home with standout potential in a location people love.

Getting Around

49
WalkingCar-Dependent
0
TransitVery Limited Transit
40
BikeSomewhat Bikeable

Schools

--
Edison Elementary SchoolGrades PK-10.3 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: Ranch,Traditional,Detached
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Gas Range
  • Laundry features: Electric Dryer Hookup

Bedroom

  • Level: First
  • Dimensions: 0 x 0

Bedrooms & Bathrooms

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

Dining Room

  • Features: Built-in Features,Fireplace
  • Level: First
  • Dimensions: 0 x 0

Features

  • Wet Bar,Built-in Features,Decorative/Designer Lighting Fixtures
  • Window features: Bay Window(s)
  • Flooring: Carpet,Luxury Vinyl Plank
  • Number of fireplaces: 1
  • Fireplace features: Blower Fan,Masonry,Raised Hearth,Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central,Natural Gas
  • Cooling features: Central Air,Electric

Interior Area

  • Total interior livable area: 1,535 sqft

Living Room

  • Level: First
  • Dimensions: 0 x 0

Master Bedroom

  • Level: First
  • Dimensions: 0 x 0

Other

  • Level: First
  • Dimensions: 0 x 0

Other

  • Level: First
  • Dimensions: 0 x 0

Property

Details

  • Parcel number: 13630
  • Exclusions: Refrigerator,washer and dryer

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Exterior features: Storage
  • Fencing: Chain Link,Wood

Lot

  • Lot size: 8,189 sqft
  • Features: Landscaped

Parking

  • Total spaces: 1
  • Parking features: Driveway,Garage,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes

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 $1,162$13,944
Home Insurance *$233$2,796
Property Taxes $138$1,656
Electricity $238$2,859
Total$1,771$21,252
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$60,720/yr
40% on housing$53,130/yr
45% on housing$47,226/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

$150This listing

vs Other Active Listings

Avg $/sqft

ZIP 76240$205
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)

Price History

DateEventPrice
2026-01-19Price change$224,000
2026-01-17Listed for sale$229,000
2026-01-09Listing removed$224,999
2025-10-23Price change$224,999
2025-10-14Price change$234,500
2025-07-17Price change$257,257
2025-06-28Listed for sale$269,999
2018-06-19Listing removed$125,000
2018-05-25Pending sale$125,000
2018-05-10Listed for sale$125,000

For Sale by Agent

AgentAmber Graham
BrokerageRE/MAX FIRST REALTY

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