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$785,000
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Property Description
Ask listing agent for comps!! 7.26 Acres in city limits of Gunter with apprx 2300 SF house that needs updates but could be used for rental or office and had roof replaced in 2022. Great development or investment property near Preston Rd and part of Downtown Master Plan! This property is located on Main Street aka FM 121 just east of Preston Rd. Seller financing available with 50% down for 3 years. Zoning info per City of Gunter is: "Currently zoned THOR(Thoroughfare District) in the front portion and SF1 for remainder. The THOR is an overlay district, that is a base zoning of C-1. Anything with Main Street frontage was re-zoned as THOR in our future land use plan. Currently, this property can be used as SF1, but if the home becomes vacant for a period of 6 months or more or is demolished, the land use would then change to the C-1 zoning on front of the parcel". Taxes paid by seller last year were $7700. Please note that property goes well beyond the creek to the south boundary. City water and sewer!! Small yellow building to the east of home is part of property and currently used for storage. Gunter is poised for growth with its location just north of Prosper & Celina and south of Sherman as well as its proximity to future extension of the Dallas North Tollway. Plans for Universal Theme Park in Frisco 20 minutes from property and HEB, Costco, & Lowe's in Celina 10 minutes away.
Full Property Details
Full Property Details for 115 E Main St
General
- Price: $785,000
- Taxes: $7,740
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 20429783
- Updated: 2/21/2026
- Added to Site: 903 day(s) ago
Exterior
- Exterior Features: Storage
- Porch/Patio/Deck: Covered
Location
- County: Grayson
- Subdivision: Otp Gunter
- Driving Directions: On FM 121 (Main St) just east of Preston Rd (Hwy 289) on south side, no sign. Address on lamp post.
School Information
- Elem School District: Gunter ISD
- Midd School District: Gunter ISD
- High School District: Gunter ISD
- Elementary School: Gunter
- Middle School: Gunter
- High School: Gunter
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Wall/Window Unit(s)
- Heating Type: Central, Space Heater
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Connected, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Residential, Single Family
- Year Built: 1960
Additional Structures
- Other Structures: Garage(s), Outbuilding, Residence, Shed(s)
Lot Features
- Lot Size (Acres): 7.26
- Lot Size (Sq. Ft.): 316,245.6
- Lot Size Source: Public Records
- Frontage: Farm to Market Road, All Weather Road, Concrete
- Lot Features: Acreage, Interior Lot, Irregular Lot, Pond on Lot, Many Trees, City Lot
- Potential Use: Commercial, Development, Investment, Residential, Single Family
- Trees/Vegetation: Brush, Partially Wooded
- Zoning: SF1 Thoroughfare District
- Fencing (Description): Chain Link
Horse Property
- Horse Facility Desc.: Other
Financial Considerations
- Tax Amount: $7,740
- Terms: Cash, Conventional, Item1031Exchange, Owner May Carry, See Agent
Disclosures and Reports
- Documents Avail.: Other, Aerial
- Legal Description: OTP GUNTER, BLOCK PT 83, 84, 85, ACRES 7.26
- Disclosures/Rstr.: Flood Plain Disclosure, Familial Relation
- Property ID: 151959
- Block: PT 83, 84, 85
Listed by SocialLivingRealEstateBoutique, Janith Boyd
Get Pre-Approved Today
Schools
Schools serving 115 E Main St
School District:Gunter Independent School District
| Name | Grades | Distance |
|---|---|---|
Gunter Elementary School 200 West Elm Street, Gunter, TX 75058 | PK-4 | 0.2 mi |
Gunter Middle School 410 Tiger Lane, Gunter, TX 75058 | 5-8 | 0.9 mi |
Gunter High School 1102 N Preston Rd, Gunter, TX 75058 | 9-12 | 0.9 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 115 E Main St
Date
Details
Price
Change
Source
10/30/2025
Price Reduced
$785,000
-1.75%
MLS
8/12/2025
Price Reduced
$799,000
-8.69%
MLS
7/30/2025
Price Reduced
$875,000
-2.23%
MLS
6/21/2025
Price Reduced
$895,000
-0.56%
MLS
4/15/2025
Price Reduced
$900,000
-2.7%
MLS
3/18/2025
Price Reduced
$925,000
-1.49%
MLS
2/27/2025
Price Reduced
$939,000
-1.16%
MLS
10/08/2024
Price Reduced
$950,000
-2.56%
MLS
9/16/2024
Price Reduced
$975,000
-2.01%
MLS
7/01/2024
Price Increased
$995,000
28.39%
MLS
4/09/2024
Price Reduced
$775,000
-3.12%
MLS
9/15/2023
Listed
$800,000
—
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 115 E Main St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,741
10%
$478,788
10%
2023
$7,009
-10%
$434,862
-32%
2022
$7,753
100%
$638,022
43%
2021
100%
$446,435
33%
2020
100%
$334,443
12%
2015
-100%
$298,523
14%
2018
$7,453
10%
$261,600
10%
2017
$6,746
8%
$238,253
10%
2016
$6,264
9%
$217,029
9%
2015
$5,769
-25%
$198,581
-30%
2019
$7,706
47%
$283,166
57%
2014
$5,236
-15%
$180,247
-15%
2013
$6,130
—
$212,485
—
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 115 E Main St
115 E Main Street, Gunter, TX 75058 (MLS# 20429783) is a Lots/Land property with a lot size of 7.26 acres. 115 E Main Street is currently listed for $785,000 and was received on September 15, 2023. Want to learn more about 115 E Main Street? Do you have questions about finding other Lots/Land real estate for sale in Gunter? You can browse all Gunter real estate or contact a Coldwell Banker agent to request more information.

