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$150,000 Just Listed
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Property Description
Investor Special! Don't miss this exceptional opportunity to add value on just over 1 acre in a peaceful rural setting. This property is ideal for investors, flippers, or buyers looking for their next project. The home is partially unfinished and will require additional renovations, but much of the groundwork has already been completed, offering a great head start and keeping the remaining rehab relatively manageable. With just over an acre of land, there's plenty of room to enjoy the outdoors, add improvements, or simply take advantage of the extra space and privacy. Whether you're looking to renovate and resell, create a long-term rental, or build equity through updates, this property offers excellent potential. Bring your vision and transform this property into something special!
Full Property Details
Full Property Details for 515 Co Rd 121
General
- Price: $150,000
- Taxes: $1,892
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21323342
- Updated: 7/8/2026
- Added to Site: 2 day(s) ago
Interior
- Interior Features: Open Floorplan
- Appliances: Dishwasher, Disposal
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Parking
- Parking Features: Additional Parking, Driveway
Location
- County: Cooke
- Subdivision: Williams & Ballard
- Driving Directions: From Gainesville, take US-82 East to FM 678. Turn left onto FM 678, then turn right onto County Road 121. Continue on County Road 121 to 515 County Road 121. The property will be on your right. Please use GPS for the most accurate navigation.
School Information
- Elem School District: Callisburg ISD
- Midd School District: Callisburg ISD
- High School District: Callisburg ISD
- Elementary School: Callisburg
- Middle School: Callisburg
- High School: Callisburg
Utilities
- Water: Public
- Utility Description: Water Available
Structural Information
- Property Detached: Yes
- Architectural Style: Detached
- Structure Type: House
- Detached/Attached: Detached
- Stories/Levels: 1
- Living Area: 1,536 Sq. Ft.
- Year Built: 2010
Lot Features
- Lot Size (Acres): 1.04
- Lot Size (Sq. Ft.): 45,302.4
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $1,892
Disclosures and Reports
- Legal Description: WILLIAMS & BALLARD 1313 ACRES 1.04
- Property ID: 136100
Listed by eXp Realty, Tre Justice
Get Pre-Approved Today
Schools
Schools serving 515 Co Rd 121
School District:Callisburg Independent School District
| Name | Grades | Distance |
|---|---|---|
Callisburg Elementary School 648 Fm 3164, Gainesville, TX 76240 | PK-5 | 4.7 mi |
Callisburg Middle School 308 Dozier Street, Callisburg, TX 76240 | 6-8 | 2.3 mi |
Callisburg High School 308 Dozier Street, Callisburg, TX 76240 | 9-12 | 2.3 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 515 Co Rd 121
Date
Details
Price
Change
Source
7/08/2026
Listed
$150,000
—
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 515 Co Rd 121
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,892
134%
$136,662
-6%
2024
$807
-29%
$145,925
29%
2022
$1,142
—
$112,944
-5%
2022
$1,142
-11%
$118,396
25%
2021
$1,284
8%
$95,089
12%
2020
$1,185
-19%
$84,856
13%
2018
$1,459
9%
$74,886
10%
2017
$1,339
-17%
$68,353
-17%
2019
$1,605
20%
$82,375
22%
2016
$1,332
—
$67,374
—
2015
$1,333
3%
$67,374
—
2014
$1,298
—
$67,374
—
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 515 Co Rd 121
515 County Road 121, Gainesville, TX 76240 (MLS# 21323342) is a Single Family property with 4 bedrooms and 2 full bathrooms. 515 County Road 121 is currently listed for $150,000 and was received on July 08, 2026. Want to learn more about 515 County Road 121? 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.

