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402 S Gaines St, Ennis, TX, 75119

$200,000

Home List Price

$2,375*

Closing Credit

2 Bedrooms
2 Full Baths
Multi

Location

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402 S Gaines St, Ennis$200,000

Buyer Closing Credits

$2,375*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway
Year Built1983
HeatingElectric
CoolingElectric
MLS #20765208
Lot Size1.14 Acres
StatusActive

About 402 S Gaines St

ATTENTION INVESTORS! Brick duplex with long-term tenants on oversized corner lot. Ennis is a thriving family community with local festival, parades, dances, etc. Home of the renowned Bluebonnet Festival, the Autumn Daze festival with its hay maze and pumpkin patch, Ennis is experiencing exponential growth so this is an excellent opportunity to purchase in a growing community. Each unit has a spacious bedroom with lots of closet space, one full bathroom with combo tub & shower, and a galley style kitchen with built-in cabinets. Current leases expire in March 2025. The tenants would be interested in staying, or someone could live in one side and rent out the other side. Currently leased below market rent. Comps suggest fair market rent should be $850-$1000 per month.

Property Details

Property Features

Property Information:

  • Year Built: 1983

Listing Office:

  • Office Name: LPT Realty LLC
  • Office Phone: (877) 366-2213
  • Listing Agent: Pam Smith

Interior Features

Interior Information:

  • Appliances: Electric Range
  • Flooring Type: Carpet, Tile
  • Interior: Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: Driveway

Virtual/3D Tour

  • Virtual Tour: 402 S Gaines St
Virtual Tour

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 1.14 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Electric

School Info

Assigned Schools Information:

  • Ennis High School, Public District Grades 9-12
  • Jack Lummus Intermediate School, Public District Grades 4-6
  • Ennis Jr High School, Public District Grades 7-8
  • Bowie Elementary School, Public District Grades 1-3

Other

Directions Information:

  • Directions: From Ennish High School go east on Lake Bardwell Drive; Left on Clay; Right on Waco to Gaines

Price Information

Listing Price Info

Price Summary:

  • List Price: $200,000

Tax Information:

  • Annual Amount: $2,072
  • Tax Year: 2021
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Housing Market Comparison

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

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Ennis, TX

City

Med. List Price

$288.9K

Med. Price/SqFt

$176

Avg. Days On Market

86

# of Sold Homes

21

402 S Gaines St vs Ennis

5 DAYS ON ROCKET

-81 Days

$200,000

-$88.9K Less

KEY TAKEAWAY

This property is $88.9K less than the Median List Price in Ennis, TX.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NTR
  • MLS Number: #20765208

Listing Office:

  • Office Name: LPT Realty LLC
  • Office Phone: (877) 366-2213
  • Listing Agent: Pam Smith

IDX ©2024 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.


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Last updated on: 11/4/2024, 11:55:54 PM 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$2,072$84,710
2020$2,072$81,440
2019$1,306$84,710
2018$1,306$49,840
2017$1,315$49,840

History based on county public records data.

Payment Calculator

$1,066

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$666

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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.

Elementary School

school-card-donut-1741733
6
/10

  • Bowie Elementary School

  • 501 Jeter Dr

  • 1.01 miles

  • Public District Grades 1-3

Middle School

school-card-donut-1741734
4
/10

  • Jack Lummus Intermediate School

  • 501 N Clay St

  • 0.56 miles

  • Public District Grades 4-6

school-card-donut-1741735
5
/10

  • Ennis Jr High School

  • 3101 Ensign Rd

  • 1.70 miles

  • Public District Grades 7-8

High School

school-card-donut-1741736
3
/10

  • Ennis High School

  • 2301 Ensign Rd

  • 1.40 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,131. The majority of Ennis, TX residents have income less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Texas›Ellis County›Ennis›75119›402 S Gaines St

This home is located at 402 S Gaines St in Ennis, TX and zip code 75119. This home, which was built in 1983, sits on a 1.14 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 30, 2024 and is currently priced at $200,000.

The inventory of homes for sale in Ennis, TX between September 2024 and October 2024 increased by 8.1%. While the average time on the market in October 2024 was 86 days, the median list price was $288,995.

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

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