500 N 5th Street

Gunter, TX
$ 204,999 Beds 2 Baths 1 Sq 925 Virtual Tour
Monthly Estimate* How much can I afford?

MOTIVATED SELLER! A rare sub-$210K opportunity in Gunter. Seller will consider assistance toward buyer closing costs or an interest-rate buydown with an acceptable offer. Situated on a corner lot near downtown, this charming 2-bedroom, 1-bath home offers an affordable entry point into Gunter ISD. Gunter High School earned an “A” rating under the Texas Education Agency accountability system. The home features abundant natural light, a panoramic front window, hard-surface flooring throughout, and no carpet. Major improvements completed in 2020 include the roof, foundation repairs with a transferable lifetime warranty, electrical breaker boxes, interior doors, water heater, garbage disposal, front and back doors, and exterior lighting. Additional improvements include French drains and fresh interior paint. The refrigerator, washer, and dryer convey—helping reduce a buyer’s initial move-in expenses. The fenced yard, covered carport, and approximately 200-square-foot insulated detached building provide valuable flexibility for storage, a workshop, or possible office. Conveniently located near Preston Road, downtown Gunter, FM 121, the Dallas North Tollway, City Hall, police and fire services, schools, shopping, and dining. Multifamily or duplex redevelopment and mid-term or short-term rental potential. Buyers should independently verify zoning, permitted uses, rental regulations, and approval requirements with the City of Gunter. Some listing photos have been virtually staged and or digitally modified to illustrate the property's potential appearance if updated; actual property condition may differ. Selling as-is.

Active

  • Price
  • $ 204,999
  • City
  • Gunter
  • Bedrooms
  • 2
  • Full Bathrooms
  • 1
  • County
  • GRAYSON
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 0.133 Acres
  • Zip
  • 75058
  • Sqr Footage
  • 925
  • Year Built
  • 1977
  • Style
  • Single Family Residence
  • MLS#
  • 21336731
Listed By: WhiteFlame Realty
Data Source: North Texas Real Estate Info Systems (NTREIS)

Features

General

Heating Central,Natural Gas
Cooling Ceiling Fan(s),Central Air
Utilities City Sewer,City Water,Electricity Connected,Individual Gas Meter,Individual Water Meter
Possession Closing/Funding
Roof Composition
Appliances Dishwasher,Disposal,Electric Range,Refrigerator
Easements Utilities
Restrictions No Mobile Home
School District Gunter ISD
Year Built 1977
Levels One
Will Subdivide No
Property Subtype Single Family Residence
Subdivision Name Gunter Suppl Add
Transaction Type For Sale/Lease
Occupant Type Vacant
Carport Spaces 2
County Grayson
Property Type Residential
Security Features Smoke Detector(s)
Construction Materials Brick,Other
Year Built Details Preowned
Accessory Unit Type Other
Accessory Unit Y/N Yes
HOA Type None
Special Notes Aerial Photo,Survey Available
Full Baths 1
Status Active
Directions GPS
City Gunter
Elementary School Name Gunter
High School Gunter
Elementary School Gunter
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/21336731
Standard Status Active
Listing Terms Cash,Conventional,FHA,USDA Loan,VA Loan

Interior Features

Interior Features Cable TV Available,High Speed Internet Available,Natural Woodwork,Open Floorplan,Paneling
Flooring Ceramic Tile,Laminate,Wood
Total Stories 1
Dining Areas 1
Living Areas 1
Room Count 6
Lock Box Type Combo
Total Bedrooms 2
Total Baths 1
Window Features Window Coverings
Laundry Features Electric Dryer Hookup,Full Size W/D Area,Other,On Site

Exterior Features

Exterior Features Rain Gutters,Storage
Lot Features Cleared,Corner Lot
Fencing Back Yard,Chain Link
Other Structures Outbuilding
Lot Size Source Assessor
Parking Features Carport,No Garage,Outside
Lot Size Less Than .5 Acre (not Zero)
Covered Spaces 2
Foundation Pillar/Post/Pier
Lot Size Area 0.1330
Lot Size Units Acres
Structural Style Single Detached
Lot Size Square Feet 5793.4800
Lot Size Acres 0.1330

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Waco, TX office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Gunter Elementary School
Middle School Unknown Middle School
High School

Price History

8/10/2026 Listed $204,999

Property vs Zip Code Average in 75058

Price
AVG $830K
$200K
Year Built
AVG 2011
1977
Visits
AVG 212
41
Data Provided by Inside Real Estate®

Areas That We Cover

500 N 5th Street Gunter, TX is a Single Family Home for sale at $204999 with 925 sqft and a lot size of 0.133 Acres Acre(s). 500 N 5th Street Gunter has 2 bedrooms, 1 baths and was built in 1977. The property's zip code is 75058 which is in Gunter, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.