Joanna Ruesch

506 Meadow Drive

Gainesville, TX
$ 230,000 Beds 3 Baths 1 Sq 1,190 Virtual Tour
Monthly Estimate* How much can I afford?

Recently remodeled and move-in ready, this 3-bedroom, 1-bath home offers a strong opportunity for both homeowners and investors. The property has been completely remodeled within the last year, giving buyers the benefit of updated finishes and improved functionality without the typical renovation costs. Inside, you’ll find a large primary living area plus a secondary living space, providing flexibility for a second family room, game room, office, or additional rental value potential. The layout makes the home feel spacious and adaptable for a variety of living arrangements. Situated on a good-sized lot, the property also features a two-car carport and plenty of outdoor space. With the recent remodel already completed, this home presents an excellent turn-key rental opportunity or low-maintenance investment in a growing area of Gainesville. Conveniently located near schools, shopping, and local amenities, 506 Meadow delivers updated living, solid rental potential, and long-term value.

Active

  • Price
  • $ 230,000
  • City
  • Gainesville
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • COOKE
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 0.19 Acres
  • Zip
  • 76240
  • Sqr Footage
  • 1,190
  • Year Built
  • 1959
  • Taxes
  • $ 3091
  • Style
  • Early American
  • MLS#
  • 21193787
Listed By: Scribner Real Estate, INC
Data Source: North Texas Real Estate Info Systems (NTREIS)

Features

General

Cooling Central Air,Electric,ENERGY STAR Qualified Equipment
Utilities Cable Available,City Sewer,City Water
Possession Closing/Funding
Roof Asphalt
Appliances Dishwasher,Disposal,Electric Cooktop,Electric Oven,Gas Cooktop,Gas Oven,Gas Water Heater,Plumbed For Gas in Kitchen
School District Gainesville ISD
Year Built 1959
Architectural Style Early American
Levels One
Unexempt Taxes 3091
Will Subdivide No
Property Subtype Single Family Residence
Subdivision Name Joy Acres
Transaction Type For Sale
Carport Spaces 2
County Cooke
Property Type Residential
Construction Materials Brick
HOA Type None
Full Baths 1
Status Active
Directions google will get you there
City Gainesville
Elementary School Name Edison
High School Gainesvill
Elementary School Edison
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/21193787
Standard Status Active
Junior High School Gainesvill
Listing Terms Conventional,FHA,Texas Vet,VA Loan

Interior Features

Interior Features Built-in Features,High Speed Internet Available,Open Floorplan,Paneling
Dining Areas 1
Living Areas 2
Room Count 7
Lock Box Type Blue BT LE
Total Bedrooms 3
Total Baths 1
Laundry Features Electric Dryer Hookup,Gas Dryer Hookup,In Garage,Full Size W/D Area,Dryer Hookup,Washer Hookup

Exterior Features

Fencing Chain Link
Lot Size Source Assessor
Parking Features Additional Parking,Attached Carport,Concrete
Lot Size Less Than .5 Acre (not Zero)
Covered Spaces 2
Foundation Slab
Lot Size Area 0.1900
Lot Size Units Acres
Structural Style Single Detached
Lot Size Square Feet 8276.4000
Lot Size Acres 0.1900

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 Edison Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

3/7/2026 Listed $230,000

Property vs Zip Code Average in 76240

Price
AVG $540K
$230K
Taxes
AVG $5,213
$3,091
Year Built
AVG 1988
1959
Visits
AVG 184
8
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

506 Meadow Drive Gainesville, TX is a Single Family Home for sale at $230000 with 1190 sqft and a lot size of 0.19 Acres Acre(s). 506 Meadow Drive Gainesville has 3 bedrooms, 1 baths and was built in 1959. The property's zip code is 76240 which is in Gainesville, 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.

Joanna Ruesch

Joanna Ruesch

830-515-6166

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