515 County Road 121
Gainesville, Texas 76240
4
Bed
2
Bath
1,536Sqft
1.04Acres(Lot)
Investor Special! Don’t miss this exceptional opportunity to add value on just over 1 acre in a peaceful rural setting. This property is ideal for investors, flippers, or buyers looking for their next project. The home is partially unfinished and will require additional renovations, but much of the groundwork has already been completed, offering a great head start and keeping the remaining rehab relatively manageable. With just over an acre of land, there’s plenty of room to enjoy the outdoors, add improvements, or simply take advantage of the extra space and privacy. Whether you’re looking to renovate and resell, create a long-term rental, or build equity through updates, this property offers excellent potential. Bring your vision and transform this property into something special!
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 4Bathroom Information
Total Baths: 2 Full Baths: 2 Half Baths: 0 -
Interior Features
Open FloorplanAppliances
Dishwasher,DisposalUtilities
City Water -
Fireplace
Number of Fireplaces: 0
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Building Information
Built Year: 2010
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Lot Information
Lot Size (Acr): 1.0400 Lot Size Units: Acres Lot Size Square Feet: 45,302 -
Property Information
SQ ft (Living Area): 1,536 Property Type: Residential Property Sub Type: Single Family Residence Subdivision: Williams & Ballard City: Gainesville State: Texas Directions: From Gainesville, take US-82 East to FM 678. Turn left onto FM 678, then turn right onto County Road 121. Continue on County Road 121 to 515 County Road 121. The property will be on your right. Please use GPS for the most accurate navigation. Property Status: Active Levels: One Property Age: 16
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Listing Price Information
Original List Price: $150,000 List Price Tot SqFt: $98 -
Listing Information
Possession: Closing/Funding
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Tax Information
Parcel Number: 136100 Tax Legal Description: WILLIAMS & BALLARD 1313 ACRES 1.04 Unexempt Taxes: $1,892
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Parking Information
Carport Spaces: 0 Parking Features: Additional Parking,Driveway -
Homeowners Association Information
HOA Type: None
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School Information
Elementary School: Callisburg Middle School: Callisburg High School: Callisburg School District: Callisburg ISD -
Utility Information
Utilities: City Water
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1932 County Road 222, Gainesville, TX, 76240 | $549,900 | 3 | 2 | 1,314 | 1,314 SqFt |
| 4476 County Road 107, Gainesville, TX, 76240 | $695,000 | 4 | 2 | 1,881 | 1,881 SqFt |
| 542 County Road 222, Gainesville, TX, 76240 | $499,000 | 3 | 2 | 2,016 | 2,016 SqFt |
| 924 The Oil Road, Gainesville, TX, 76240 | $325,000 | 3 | 3 | 2,112 | 2,112 SqFt |
| 460 County Road 2184, Gainesville, TX, 76240 | $685,000 | 3 | 3 | 2,225 | 2,225 SqFt |
| 3724 County Road 211, Gainesville, TX, 76240 | $769,000 | 4 | 3 | 3,371 | 3,371 SqFt |
| 2180 County Road 237, Gainesville, TX, 76240 | $949,000 | 4 | 4 | 2,830 | 2,830 SqFt |
| 715 Kiowa Drive E, Gainesville, TX, 76240 | $849,000 | 4 | 3 | 4,122 | 4,122 SqFt |
| 4823 County Road 211, Gainesville, TX, 76240 | $689,200 | 3 | 3 | 2,409 | 2,409 SqFt |
| 103 Seminole Drive, Gainesville, TX, 76240 | $349,000 | 2 | 2 | 1,341 | 1,341 SqFt |
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ByOwner last updated this listing 07/09/2026 @ 21:44
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