3 months on rocket

201 Fm 116, Gatesville, TX, 76528

$3,900,000

124.00 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
ViewPond
MLS #551982
Lot Size124.00 Acres
StatusActive

About 201 Fm 116

Central Texas Development Land for Sale in Gatesville, TX. This prime 124-acre tract in Coryell County, annexed into the city limits, offers opportunities for commercial, industrial, and residential development. With 4,500 ft. of paved frontage on Texas FM 116, the commercial frontage is divided into two tracts, ideal for phased development. The strategic location and visibility make it suitable for retail, hospitality, medical, office, or government facilities. Additionally, the property has city utilities available and AG tax status, providing cost benefits during development. The property boasts its own source of road base material, ideal for road construction, offering significant cost savings for development. Gatesville, with its low crime rate, favorable tax climate, and strong economy, is attractive for businesses and homeowners. The town's central position offers access to major highways and proximity to Fort Cavazos (formally known as Fort Hood), Waco, Temple, and Killeen, as well as being a reasonable drive to Austin, DFW, and Houston, ensuring demand for housing and commercial spaces. This development land is a rare opportunity in a growing region.

Property Details

Property Features

Listing Office:

  • Office Name: United Country H5 Auction & RE
  • Office Phone: (903) 387-6647
  • Listing Agent: Kim Hill

Exterior Features

Exterior Information:

  • View: Pond
  • Exterior: Fence

Lot Features

Lot Information:

  • Lot Size: 124.00 Acres

Other

Directions Information:

  • Directions: From Gatesville heading West on Hwy 84 (Main St), turn left onto FM 116. Property will be on the left. Turn left onto Old Pidcoke Rd to access gate to property and additional road frontage.

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,900,000

Tax Information:

  • Annual Amount: $58
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Gatesville, TX.

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Gatesville, TX

City

Med. Sold Price

$248K

Med. Price/SqFt

$177

Avg. Days On Market

17

# of Sold Homes

2

201 Fm 116 vs Gatesville

118 DAYS ON ROCKET

+101 Days

$3,900,000

+$3.6M More

KEY TAKEAWAY

This property is $3.6M more than the Median Sold Price in Gatesville, TX.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Name: CentralTexas
  • MLS Number: #551982

Listing Office:

  • Office Name: United Country H5 Auction & RE
  • Office Phone: (903) 387-6647
  • Listing Agent: Kim Hill

IDXData provided by the Central Texas MLS IDX program. Information deemed reliable but not guaranteed. Some properties which appear for sale may no longer be available due to no longer being offered for sale. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2024 Central Texas MLS, All Rights Reserved.
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: 11/22/2024, 10:15:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$58$2,540
2020$56$2,540
2019$56$2,540
2018$55$2,380
2017$53$2,380

History based on county public records data.

Payment Calculator

$19.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$11.7K

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-586369
6
/10

  • Gatesville Elementary School

  • 2537 E Main St

  • 3.93 miles

  • Public District Grades 1-3

school-card-donut-586370
9
/10

  • Clarke Elementary School

  • 51600 Comanche Ave

  • 20.03 miles

  • Public District Grades KG-3

school-card-donut-586371
8
/10

  • Oveta Culp Hobby Elementary School

  • 53210 Lost Moccasin

  • 20.04 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,500. Residents of Gatesville, 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.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 201 Fm 116

What is the listing price of this property?

The listing price of 201 Fm 116 property is $3,900,000.

What type of property is this?

The property 201 Fm 116 is land located in Gatesville, Texas, 76528.

Is this property for sale now?

Active Listing: 201 Fm 116 is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $58 (source: MLS/based on county public records data).

How much acreage is this property?

The property 201 Fm 116 is 124.00 acres.
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Rocket Homes›Texas›Coryell County›Gatesville›76528›201 Fm 116

This home is located at 201 Fm 116 in Gatesville, TX and zip code 76528. This home sits on a 124.00 acre lot. It has been listed on Rocket Homes since July 27, 2024 and is currently priced at $3,900,000.

Gatesville, TX housing market in October 2024 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 0 sold below. While the average time on the market in October 2024 was 17 days, the median list price was $248,000.

From Rocket Homes Real Estate and based on county public records data.

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