407 Gay Ave, Palestine, TX 75801 - Photo 1

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$120,000 -$10,000 (-7.69%) Price Reduced

For Sale
Active
Single Family
3 Beds
2 Full Baths
2,440 Sq. Ft.
1.07 Acres
2 Car Garage
Updated 1 day ago

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Property Description

Rare Investor Opportunity! Step back in time with this 1930 Tudor-style home, a property overflowing with so much original character and timeless architectural appeal. From the classic brick exterior to the original hardwood floors, this residence is a dream project for those looking to restore a piece of history. Situated on a spacious 1.07-acre lot, the property offers incredible room for expansion, redevelopment, or a high-end renovation. The home is being sold AS-IS and requires updates, including repair to a roof leak in the kitchen area. Cooling is provided by window units, and a gas heater serves the home. All furnishings convey, making this a true "turnkey" restoration project. Bring your vision and unlock the immense potential of this unique, character-filled gem!

Full Property Details

Full Property Details for 407 Gay Ave

General

Price: $120,000
Taxes: $4,275 (2025)
Status: Active
Type: Single Family
Source: Tyler_MLS
MLS ID: 26000691
Updated: 3/23/2026
Added to Site: 69 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: Basement, Combination, Other/See Remarks, Pier and Be
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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Listing agent

— 407 Gay Ave —

Kimberly Holmes

eXp Realty, LLC-Austin

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NMLS#: 1598647

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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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 407 Gay Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/23/2026

Price Reduced

$120,000

-7.69%

MLS

2/18/2026

Price Reduced

$130,000

-3.7%

MLS

2/17/2026

Price Reduced

$135,000

-3.57%

MLS

1/14/2026

Listed

$140,000

—

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

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.

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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 $120,000 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.

407 Gay Ave Palestine, TX 75801