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$533,500 Sale Pending
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Property Description
Take a look at this adorable updated farmhouse-style home on 4.59 acres just outside the city limits and minutes from beautiful downtown Gainesville and I-35 access. Enjoy the spacious outdoor living and kitchen area, stocked pond, cozy 700 sq. ft. man cave and 2 shops totaling appr. 2000 sq. ft. are ideal for entertaining and hobbies! Don't miss out on this one...properties like this are a rare find!
Full Property Details
Full Property Details for 501 FM1306
General
- Price: $533,500
- Taxes: $2,769
- Status: Pending
- Type: Single Family
- Source: NTREIS
- MLS ID: 21083140
- Updated: 1/12/2026
- Added to Site: 97 day(s) ago
Interior
- Interior Features: Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Granite Counters, Kitchen Island, Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Living Room, Masonry, Wood Burning
- Appliances: Some Gas Appliances, Dishwasher, Gas Oven, Gas Water Heater, Microwave, Plumbed For Gas
- Flooring: Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Washer Hookup
Additional Information
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: Lighting, Outdoor Kitchen, Outdoor Living Area, Rain Gutters, Storage
- Porch/Patio/Deck: Awning(s), Deck, Covered
Parking
- Garage: Yes
- Garage Spaces: 2
- Carports: Yes
- Carport Spaces: 2
- Covered Spaces: 5
- Parking Features: Additional Parking, Carport, Detached Carport, Epoxy Flooring, Oversized, RV Access/Parking
Location
- County: Cooke
- Subdivision: Pledger Wa
- Driving Directions: From Interstate 35W North, exit FM 51-California St, Left on California St, Left on FM 1306, destination will be on your Right!
School Information
- Elem School District: Gainesville ISD
- Midd School District: Gainesville ISD
- High School District: Gainesville ISD
- Elementary School: Edison
- High School: Gainesvill
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric, Fireplace(s)
Utilities
- Sewer: Aerobic Septic
- Water: Well
- Well: Yes
- Utility Description: Septic Available, Water Available
Structural Information
- Architectural Style: Craftsman, Modern, Detached, Farmhouse
- Structure Type: House
- Detached/Attached: Attached
- Construction: Brick
- Roof: Composition
- Windows: Window Coverings
- Stories/Levels: 1
- Living Area: 1,674 Sq. Ft.
- Year Built: 1947
Additional Structures
- Other Structures: Garage(s), Outdoor Kitchen, RV/Boat Storage, Workshop, Barn(s), Stable(s)
Lot Features
- Lot Size (Acres): 4.59
- Lot Size (Sq. Ft.): 199,940.4
- Frontage: Farm to Market Road, Asphalt
- Lot Features: Acreage
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $2,769
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Documents Avail.: Aerial
- Legal Description: PLEDGER WA 0823 ACRES 4.59
- Property ID: 21189
Listed by Prime Properties, Natalie Graves
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Schools
Schools serving 501 FM1306
School District:Gainesville Independent School District
| Name | Grades | Distance |
|---|---|---|
Edison Elementary School 1 Edison Drive, Gainesville, TX 76240 | PK-1 | 2.7 mi |
Gainesville Int 2100 North Grand Avenue, Gainesville, TX 76240 | 5-6 | 3.4 mi |
W E Chalmers Elementary School 600 Fm 3092, Gainesville, TX 76240 | 2-4 | 3.6 mi |
Gainesville Junior High School 1201 Lindsay Street, Gainesville, TX 76240 | 7-8 | 1.4 mi |
Gainesville High School 2201 S I 35, Gainesville, TX 76240 | 9-12 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 501 FM1306
Date
Details
Price
Change
Source
11/25/2025
Price Reduced
$533,500
-0.28%
MLS
10/13/2025
Listed
$535,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 501 FM1306
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,910
—
$224,024
-40%
2024
$1,910
-13%
$373,952
102%
2022
$2,205
—
$185,144
-41%
2022
$2,205
-6%
$312,923
36%
2021
$2,335
103%
$230,300
20%
2020
$1,153
-50%
$192,076
67%
2018
$2,311
-12%
$114,960
-14%
2019
$2,626
20%
$134,035
23%
2017
$2,195
1%
$109,412
1%
2016
$2,180
44%
$108,252
44%
2015
$1,511
1%
$74,953
-3%
2013
$1,494
4%
$77,067
4%
2012
$1,435
—
$74,187
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 501 FM1306
501 Fm 1306, Gainesville, TX 76240 (MLS# 21083140) is a Single Family property with 3 bedrooms and 2 full bathrooms. 501 Fm 1306 is currently listed for $533,500 and was received on October 13, 2025. Want to learn more about 501 Fm 1306? Do you have questions about finding other Single Family real estate for sale in Gainesville? You can browse all Gainesville real estate or contact a Coldwell Banker agent to request more information.

