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$140,000 Just Listed
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Property Description
Rare investor opportunity to restore and add value to a charming 1930 Tudor-style home with timeless character. Featuring a brick exterior, metal roof, and original hardwood floors, this property sits on a spacious 1.07-acre lot, offering room for expansion, redevelopment, or a high-return renovation. Cooling is provided by window AC units, and a gas heater serves the home. All furnishings convey, making this a true turnkey project. Property is being sold AS IS bring your vision and unlock the potential.
Full Property Details
Full Property Details for 407 Gay Ave
General
- Price: $140,000
- Taxes: $4,275 (2025)
- Status: Active
- Type: Single Family
- Source: Tyler_MLS
- MLS ID: 26000691
- Updated: 1/14/2026
- Added to Site: 4 day(s) ago
Interior
- Rooms/Areas: None
- Interior Features: Other/See Remarks
- Fireplace(s): None
- Appliances: Range/Oven-Electric, Other/See Remarks
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
- Bedroom Features: Other/See Remarks
Other Rooms
- Dining Room: Separate Formal Dining
Additional Information
- Pool Description: None
Exterior
- Exterior Features: Other/See Remarks
Parking
- Garage Spaces: 2
Location
- County: Anderson
- Subdivision: Oakdale Drive
- Driving Directions: From Hwy 155 head southeast take a left on loop 256, go for about 1.7 miles, take a right on E, Park Ave, continue for about 1 mile to Crocket Rd for a little bit and Gay Ave is on your right, turn right on Gay Ave property is on the right about .03 miles.
School Information
- Elementary School: Palestine
- Middle School: Palestine
- High School: Palestine
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Other/See Remarks
Structural Information
- Architectural Style: Other/See Remarks
- Exterior Const.: Brick and Stone
- Foundation: Slab, Pier and Beam, Combination, Other/See Remarks, B
- Roof: Aluminum/Metal
- Square Feet: 2,440
- Sq. Ft. Source: SCAD
- Year Built: 1936
Lot Features
- Lot Size (Acres): 1.07
- Lot Description: Other/See Remarks
- Fencing (Description): None
Financial Considerations
- Tax Amount: $4,275
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Other/See Remarks
Listed by eXp Realty, LLC-Austin, Kimberly Holmes
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Schools
Schools serving 407 Gay Ave
School District:Palestine Independent School District
| Name | Grades | Distance |
|---|---|---|
Southside Elementary School, Palestine, TX 201 Gillespie Road, Palestine, TX 75801 | 2-3 | 1.2 mi |
Story Intermediate School 5300 Texas 256 Loop, Palestine, TX 75801 | 4-6 | 2.1 mi |
Northside Primary 2509 Hwy 155 N, Palestine, TX 75801 | K-1 | 3 mi |
Palestine J High School 233 Ben Milam Road, Palestine, TX 75801 | 7-8 | 1.4 mi |
Palestine High School 1600 Texas 256 Loop, Palestine, TX 75801 | 9-12 | 1.3 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 407 Gay Ave
Date
Details
Price
Change
Source
1/14/2026
Listed
$140,000
—
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 407 Gay Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,375
26%
$199,688
59%
2022
$3,466
—
$125,599
-47%
2022
$3,466
—
$237,981
29%
2022
$3,466
100%
$184,511
25%
2021
—
$148,139
—
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 407 Gay Ave
407 Gay Ave, Palestine, TX 75801 (MLS# 26000691) is a Single Family property with 3 bedrooms and 2 full bathrooms. 407 Gay Ave is currently listed for $140,000 and was received on January 14, 2026. Want to learn more about 407 Gay Ave? Do you have questions about finding other Single Family real estate for sale in Palestine? You can browse all Palestine real estate or contact a Coldwell Banker agent to request more information.

