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$199,500 -$5,499 (-2.68%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 0.133 Acres
  • Updated 5 days ago
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MOTIVATED SELLER! A rare sub-$210K opportunity in Gunter. Seller will consider assistance toward buyer closing costs or an interest-rate buydown with an acceptable offer. Situated on a corner lot near downtown, this charming 2-bedroom, 1-bath home offers an affordable entry point into Gunter ISD. Gunter High School earned an "A" rating under the Texas Education Agency accountability system. The home features abundant natural light, a panoramic front window, hard-surface flooring throughout, and no carpet. Major improvements completed in 2020 include the roof, foundation repairs with a transferable lifetime warranty, electrical breaker boxes, interior doors, water heater, garbage disposal, front and back doors, and exterior lighting. Additional improvements include French drains and fresh interior paint. The refrigerator, washer, and dryer convey-helping reduce a buyer's initial move-in expenses. The fenced yard, covered carport, and approximately 200-square-foot insulated detached building provide valuable flexibility for storage, a workshop, or possible office. Conveniently located near Preston Road, downtown Gunter, FM 121, the Dallas North Tollway, City Hall, police and fire services, schools, shopping, and dining. Multifamily or duplex redevelopment and mid-term or short-term rental potential. Buyers should independently verify zoning, permitted uses, rental regulations, and approval requirements with the City of Gunter. Some listing photos have been virtually staged and or digitally modified to illustrate the property's potential appearance if updated; actual property condition may differ. Selling as-is.

Full Property Details for 500 N 5th St

General

  • Price: $199,500
  • Status: Active
  • Type: Single Family
  • Source: NTREIS
  • MLS ID: 21336731
  • Updated: 10/5/2026
  • Added to Site: 61 day(s) ago

Interior

  • Interior Features: High Speed Internet, Open Floorplan, Paneling/Wainscoting, Cable TV, Natural Woodwork
  • Appliances: Dishwasher, Electric Range, Disposal, Refrigerator
  • Flooring: Ceramic Tile, Laminate, Wood

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: Common Area, Electric Dryer Hookup, Other

Additional Information

  • Security/Safety: Smoke Detector(s)

Exterior

  • Exterior Features: Rain Gutters, Storage

Parking

  • Carports: Yes
  • Carport Spaces: 2
  • Covered Spaces: 2
  • Parking Features: Carport, No Garage, Outside

Location

  • County: Grayson
  • Subdivision: Gunter Suppl Add
  • Driving Directions: GPS

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

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s)
  • Heating Type: Central, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Electricity Connected, Natural Gas Available, Sewer Available, Separate Meters, Water Available, Cable Available

Structural Information

  • Property Detached: Yes
  • Architectural Style: Detached
  • Structure Type: House
  • Detached/Attached: Detached
  • Construction: Brick, Other
  • Roof: Composition
  • Windows: Window Coverings
  • Stories/Levels: 1
  • Living Area: 925 Sq. Ft.
  • Year Built: 1977
  • Property Condition: Resale

Additional Structures

  • Other Structures: Outbuilding

Lot Features

  • Lot Size (Acres): 0.133
  • Lot Size (Sq. Ft.): 5,793.48
  • Lot Size Source: Assessor
  • Lot Features: Cleared, Corner Lot
  • Fencing (Description): Back Yard, Chain Link

Financial Considerations

  • For Sale/Rent/Lease: For Sale or Lease
  • Terms: Cash, Conventional, FHA, USDA Loan, VA Loan

Disclosures and Reports

  • Documents Avail.: Aerial, Survey
  • Legal Description: GUNTER SUPPLEMENTARY ADDN, BLOCK 28, LOT S 57
  • Disclosures/Rstr.: Accessory Dwelling Unit
  • Property ID: 151768
  • Block: 28

Listed by WhiteFlame Realty, Jason White

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Listing agent

— 500 N 5th St —

  • Jason White

    WhiteFlame Realty

214-732-1224

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 500 N 5th St

School District:Gunter Independent School District
NameGradesDistance
Gunter Elementary School
200 West Elm Street, Gunter, TX 75058
PK-40.5 mi
Gunter Middle School
410 Tiger Lane, Gunter, TX 75058
5-80.5 mi
Gunter High School
1102 N Preston Rd, Gunter, TX 75058
9-120.5 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 500 N 5th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/05/2026
Price Reduced
$199,500
-2.68%
MLS
8/10/2026
Listed
$204,999
—
MLS
Get Price Alerts and Save Property
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 for 500 N 5th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,326
-9%
$153,680
1%
2023
$3,664
-20%
$152,837
-9%
2022
$4,566
—
$167,874
-13%
2022
$4,566
41%
$192,000
54%
2021
$3,231
127%
$124,644
80%
2020
$1,425
-17%
$69,388
10%
2019
$1,712
5%
$62,923
10%
2018
$1,630
4%
$57,203
3%
2017
$1,567
-1%
$55,356
1%
2016
$1,589
—
$55,047
—
2015
$1,593
—
$54,848
—
2014
$1,593
1%
$54,848
—
2013
$1,582
—
$54,848
—
View All
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 for 500 N 5th St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by WhiteFlame Realty, Jason White

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500 N 5th Street, Gunter, TX 75058 (MLS# 21336731) is a Single Family property with 2 bedrooms and 1 full bathroom. 500 N 5th Street is currently listed for $199,500 and was received on August 10, 2026. Want to learn more about 500 N 5th Street? Do you have questions about finding other Single Family real estate for sale in Gunter? You can browse all Gunter real estate or contact a Coldwell Banker agent to request more information.

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