This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/12
$230,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/12
Property Description
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.
Full Property Details
Full Property Details for 506 Meadow Dr
General
- Price: $230,000
- Taxes: $3,091
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21193787
- Updated: 3/7/2026
- Added to Site: 46 day(s) ago
Interior
- Interior Features: Built-in Features, High Speed Internet, Open Floorplan, Paneling/Wainscoting
- Appliances: Some Gas Appliances, Dishwasher, Electric Cooktop, Electric Oven, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Plumbed For Gas
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Washer Hookup, Dryer Hookup, ElectricDryer Hookup, GasDryer Hookup, In Garage
Parking
- Carports: Yes
- Carport Spaces: 2
- Covered Spaces: 2
- Parking Features: Attached Carport, Additional Parking, Concrete
Location
- County: Cooke
- Subdivision: Joy Acres
- Driving Directions: google will get you there
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, Electric, ENERGY STAR Qualified Equipment
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Sewer Available, Water Available
Structural Information
- Property Detached: Yes
- Architectural Style: Early American, Detached
- Structure Type: House
- Detached/Attached: Detached
- Construction: Brick
- Roof: Asphalt
- Stories/Levels: 1
- Living Area: 1,190 Sq. Ft.
- Year Built: 1959
Lot Features
- Lot Size (Acres): 0.19
- Lot Size (Sq. Ft.): 8,276.4
- Lot Size Source: Assessor
- Fencing (Description): Chain Link
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $3,091
- Terms: Conventional, FHA, Texas Vet, VA Loan
Disclosures and Reports
- Legal Description: JOY ACRES; BLOCK 6; LOT 22 N 63' & S 3' OF 23
- Property ID: 11816
- Block: 6
- Lot Number: 22
Listed by Scribner Real Estate, INC, Trent Trubenbach
Get Pre-Approved Today
Schools
Schools serving 506 Meadow Dr
School District:Gainesville Independent School District
| Name | Grades | Distance |
|---|---|---|
Edison Elementary School 1 Edison Drive, Gainesville, TX 76240 | PK-1 | 0.3 mi |
W E Chalmers Elementary School 600 Fm 3092, Gainesville, TX 76240 | 2-4 | 1.3 mi |
Gainesville Junior High School 1201 Lindsay Street, Gainesville, TX 76240 | 7-8 | 1 mi |
Gainesville High School 2201 S I 35, Gainesville, TX 76240 | 9-12 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 506 Meadow Dr
Date
Details
Price
Change
Source
3/06/2026
Listed
$230,000
—
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 506 Meadow Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,091
4%
$163,091
15%
2022
$2,973
—
$141,523
4%
2022
$2,973
24%
$136,573
35%
2021
$2,405
10%
$101,403
14%
2020
$2,180
24%
$88,987
39%
2018
$1,752
4%
$64,098
4%
2017
$1,682
2%
$61,627
2%
2016
$1,648
5%
$60,637
5%
2015
$1,571
-26%
$57,895
-28%
2019
$2,132
44%
$80,263
39%
2013
$1,479
2%
$57,676
2%
2012
$1,455
—
$56,357
—
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 506 Meadow Dr
506 Meadow Drive, Gainesville, TX 76240 (MLS# 21193787) is a Single Family property with 3 bedrooms and 1 full bathroom. 506 Meadow Drive is currently listed for $230,000 and was received on March 06, 2026. Want to learn more about 506 Meadow Drive? 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.

