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$226,000

Beds
2
Baths
1.0
sq ft
925

500 N 5th St, Gunter, TX 75058

500 N 5th St

Gunter, TX 75058

  • 59 days on market
    • Price drop $4,000↓
Super cozy 2 bed 1 bath home located near downtown Gunter. A new panoramic front window & french drains were installed earlier this year. Breaker boxes, interior doors, water heater, garbage disposal, front & back doors, exterior lights, and roof were all replaced in 2020. Fridge, washer, and dryer included. No carpet, fresh paint. Insulated 200 sqft exterior building excellent for storage or office space. Fenced yard, covered carport. Close to Preston Road, City Hall, shopping, schools, & restaurants. Award-winning Gunter ISD. Foundation work completed in 2020 has a lifetime transferable warranty. Great starter home or investment opportunity. Current tenant in place through August 2025 and pays $1550 per month. Property can also be re-zoned to Multi Family and or duplexes with city approval.

Details

Property type

Single Family Residence

Est. home value

$215,463

Lot size

5,793.48 sq ft

Price per sq ft

$245

Year built

1977

Price History

02/04/2025
NTREIS

NTREIS #20808766

Price change
$226,000
-1.74%
01/03/2025
NTREIS

NTREIS #20808766

Listed
$230,000
05/14/2021
NTREIS

NTREIS #14558088

Removed

Schools & Community

Elementary school: 

Gunter

Middle school: 

Gunter

High school: 

Gunter

School district: 

Gunter ISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$82,092
Asking price
$226,000
Closing costs (~8% of asking)
-$18,080
Est. remaining loan balance
-$125,828
Cash to seller
$82,092

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

October 2023

Original loan amount

$127,500

Est. remaining balance

$125,828

Interest rate

7.23%

Loan type

New Conventional, 30 year

Seller

Sean Michael Cassidy

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 03/03/2025 at 9:55 PM

Listing updated: 02/24/2025 at 1:32 PM

Listed by: Jason White, WhiteFlame Realty Phone #: (214) 732-1224

MLS: NTREIS #20808766

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