#20802923, Ryan Collinsworth, Listing office: Keller Williams Realty-FM
$99,000 List price
1501 Elizabeth St Gainesville, TX 76240
3 beds
2 full
1,148 sqft
0.2 acres
$86 / sqft
House
Property details
About 1501 Elizabeth St
Investor Special! This 3-bedroom, 2-bath home sits on a large lot and offers incredible potential for the right buyer. The property needs TLC and a full rehab but has strong bones and a layout ideal for adding value. The existing carport can be converted into a second master suite, increasing the home to a 4-bedroom, 3-bath layout with approximately 1,400+ sq ft of living space. With plenty of room to expand and customize, this is a great opportunity for flippers, landlords, or anyone looking for a value-add project. Priced below all comps in the area, this home is perfect for a rental portfolio or resale. Sold As Is. Don’t miss out on this opportunity in a fast-growing market!
Highlights
Home typeSingle Family Residence
StatusActive
Size1,148 sqft
Lot size0.217 Acres
Year built1954
ParkingCarport
MLS #21008828
Summary
- Full Bathrooms: 2
- Appliances: Electric Range
- Basement: No
- Interior: Other
- Total Bedroom Count: 3
- Parking: Carport
- Architectural Style: Detached
- List Price: $99,000
- Price/SqFt: $86
- Annual Tax Amount: $2,334
- Tax Year: 2023
- Directions: follow gps
- Year Built: 1954
- Living Area: 1,148 SqFt
- Lot Size: 0.217 Acres
- MLS Number: 21008828
- MLS Name: NTR
- Office Name: Pinnacle Realty Advisors
- Office Phone: (214) 404-3996
- Listing Agent: Salomon Gamero
©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Texas Real Estate Commission Consumer Protection Notice
Texas Real Estate Commission Information About Brokerage Service
Last updated on: 7/25/2025, 10:45:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $125,227 | $2,334 |
| 2022 | $107,236 | $2,334 |
| 2021 | $79,028 | $1,728 |
| 2020 | $70,541 | $1,597 |
| 2019 | $63,133 | $1,345 |
| 2018 | $49,235 | $1,345 |
| 2017 | $47,413 | $1,293 |
History based on county public records data.
Nearby schools
2
W E Chalmers Elementary School
Public District 2-4
1.7 mi
•600 FM 3092
8
Lindsay Elementary School
Public District PK-6
5.6 mi
•625 Knight Dr
4
Callisburg Elementary School
Public District PK-5
7.2 mi
•648 FM 3164
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,412. Residents of Gainesville, TX typically earn less than $<35k each year. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
54%
<35k
43%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
43%
Single, No Kids
14%
Single, with Kids
21%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
8%
12-17 yrs old
26%
18-34 yrs old
34%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Extreme Sports
Figure Skating
Pro Wrestling
Where do the neighbors shop?
Academy Sports & Outdoors
Kmart
Wal-Mart
Where do the neighbors go to eat?
Little Caesars
Bob Evans
Sonic
What do the neighbors drive?
Chevrolet
Buick
Oldsmobile
What do the neighbors listen to?
Country
Oldies- Contemporary Inspirational
All data provided by Home Junction and Claritas
Similar homes for sale
Tour
#20946898, Hudson Stabile, Listing office: DFW Team Realty
Tour
#20854770, Scott Pulte, Listing office: Prime Properties
Tour
#20977454, Virginia Capps, RITA GREER, Listing office: RE/MAX FIRST REALTY
Tour
#20974650, RITA GREER, Virginia Capps, Listing office: RE/MAX FIRST REALTY
Backup offersTour
#20922793, Kelly Bob Bayer, Listing office: RE/MAX FIRST REALTY
Tour
#20922813, Kelly Bob Bayer, Listing office: RE/MAX FIRST REALTY
Tour
#20945094, Rachael Polk, Listing office: Real Estate Shoppe TX, LLC
Tour
#20984040, Nancy Torres, Listing office: C-21 DEAN GILBERT, REALTORS
Backup offersTour
#20933860, Amanda Greehey, Chris Greehey, Listing office: William Grayson Realty
Frequently asked questions
About 1501 Elizabeth St
The listing price of 1501 Elizabeth St property is $99,000.
The property 1501 Elizabeth St is a house located in Gainesville, Texas, 76240.
Active Listing: 1501 Elizabeth St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1501 Elizabeth St are: W E Chalmers Elementary School (GreatSchools Rating 2/10), Lindsay Elementary School (GreatSchools Rating 8/10), Callisburg Elementary School (GreatSchools Rating 4/10), Robert E Lee Intermediate School (GreatSchools Rating 3/10), Gainesville Jr High School (GreatSchools Rating 3/10), Callisburg Middle School (GreatSchools Rating 5/10), Gainesville High School (GreatSchools Rating 2/10), Lindsay High School (GreatSchools Rating 9/10), Callisburg High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2023 is $2,334 (source: MLS/based on county public records data).
The property at 1501 Elizabeth St has 3 bedrooms and 2 bathrooms.
The property 1501 Elizabeth St is 1,148 SqFt (source: MLS/tax record).
The year of construction for 1501 Elizabeth St is 1954.
This home is located at 1501 Elizabeth St in Gainesville, TX and zip code 76240. This 1,148 square foot home, which was built in 1954, sits on a 0.22 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 23, 2025 and is currently priced at $99,000.
The number of homes for sale in Gainesville, TX increased by 7.2% between May and June 2025. The median list price of listings available in June 2025 was $338,927, while the average time on the real estate market was 91 days.
From Rocket Homes Real Estate and based on county public records data.