40 Co Rd 123, Gainesville, TX 76240 Property Records

Cooke County property record for 40 Co Rd 123, Gainesville, TX 76240

Property Summary

Property Type	Single Family Home
Details	8 bd · 8 ba · 2,195 sqft · built 2011
Lot Size	1 acres (43,560 sqft)
Owner	2 Individual Names on File
Last Sale	$347,500 (May 2021)
Tax Bill	$12,376 (2026)
Deeds & Mortgages	May 2021 Mortgage May 2021 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`0044-093-00001`

Property Details

APN / Parcel Number

Primary APN	`0044-093-00001`
Alternative APN	`84868`

Interior

Bedrooms	8 Beds
Full Baths	8 Baths
Building Area	2,195 sqft Living Area
Gross Area	8,528 sqft
1st Floor Area	2,195 sqft
2nd Floor Area	4,010 sqft
Exercise Room	Exercise Room
Game Room	Game Room
Fireplaces	1 Fireplace
Fireplace	Fireplace
Fire Sprinklers	Fire Sprinklers

Exterior

Year Built	Built 2011
Effective Year Built	Effective 2011
Exterior Material	Siding
Foundation Type	Slab (Mat/Raft)
Roof Material	Composition Shingle
Lot Area	43,560 sqft (1 acres)

Exterior Amenities

Pool Type	Pool with Hot Tub/Spa
Pool Area	300 sqft
Porch	Slab
Porch Area	430 sqft
Storage Building	96 sqft
Total Buildings	2 Buildings

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central

Location & Zoning

Account Number	0044-093-00001
Street Address	40 COUNTY ROAD 123
City	GAINESVILLE
State	TX
Zip	76240-7522
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	BAILEY ACC 0044 ACRES 1.0
Legal Subdivision	BAILEY ACC
Jurisdiction	COOKE TX
Township / Civil Division	CALLISBURG
Census Block Group	2
Census Block	2061
Census Tract	100

Owner

40 Co Rd 123 is owned and occupied by two individuals who bought it in May 2021.

Source: Cooke County records, as of October 20, 2026

Owner of Record	2 Individual Names on File
Mailing Address	40 COUNTY ROAD 123, GAINESVILLE, TX 76240-7522
Occupancy	Owner Occupied
Owner Type	Individual

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
May 11, 2021	Vendor's Lien, Transfer · FHA Mortgage CMG MORTGAGE INC
May 11, 2021	Vendor's Lien, Transfer CMG MORTGAGE INC
May 11, 2021	Vendor's Lien, Transfer

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	May 11, 2021 · Amount on File
Deed Sale	May 11, 2021 · Amount on File
Prior Sale	Jun 13, 2014 · Amount on File
Deed Document Number	20213935
Deed Book / Page	2417 / 616
Prior Transfer Date	May 10, 2021
Prior Transfer Doc	002417/616
Record Updated	Oct 29, 2026

May 2021: Vendor's Lien, Transfer

Document Type	Vendor's Lien
Jurisdiction	COOKE TX
Recording Date	May 11, 2021
Property Address	40 COUNTY ROAD 123, GAINESVILLE, TX 76240-7522
Document Number	002417/616
Book / Page	2417 / 616
Instrument Date	May 10, 2021
Instrument	2021-03935
Transaction Type	Transfer
Record Updated	Dec 22, 2022

Transaction

Tax	$0.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	40 COUNTY ROAD 123, GAINESVILLE, TX 76240-7522

Mortgage

Document Number	0202103936
Date	May 11, 2021
Instrument	2021-03936

Lender

Name	CMG MORTGAGE INC
Type	Mortgage Company
Special Notes	Seller Financed

Agreement

Type	FHA Mortgage
Amount	Amount on Record
Term	361 Months
Due	Jun 1, 2051

Mortgage

Document Number	002417/621
Date	May 11, 2021
Book Page	2417/621
Instrument	2021-3936

Lender

Name	CMG MORTGAGE INC
Type	Mortgage Company
Address	SAN RAMON, CA 94583

Agreement

Type	FHA Mortgage
Amount	Amount on Record
Term	362 Months
Due	Jul 1, 2051

May 2021: Vendor's Lien, Transfer

Document Type	Vendor's Lien
Jurisdiction	COOKE TX
Recording Date	May 11, 2021
Property Address	40 COUNTY ROAD 123, GAINESVILLE, TX 76240-7522
Document Number	002417/616
Book / Page	2417 / 616
Instrument Date	May 10, 2021
Instrument	2021-3935
Transaction Type	Transfer
Record Updated	Dec 22, 2022

Transaction

Tax	$0.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	40 COUNTY ROAD 123, GAINESVILLE, TX 76240-7522

Mortgage

Date	May 11, 2021

Lender

Name	CMG MORTGAGE INC
Type	Mortgage Company
Special Notes	Seller Financed

Agreement

Amount	Amount on Record

May 2021: Vendor's Lien, Transfer

Document Type	Vendor's Lien
Jurisdiction	COOKE TX
Recording Date	May 11, 2021
Property Address	40 COUNTY ROAD 123, GAINESVILLE, TX 76240-7522
Document Number	002417/616
Book / Page	2417 / 616
Instrument Date	May 10, 2021
Instrument	2021-3935
Transaction Type	Transfer
Record Updated	May 19, 2026

Transaction

Tax	$0.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	40 COUNTY ROAD 123, GAINESVILLE, TX 76240-7522

Tax Assessment & Valuation

The 2026 property tax bill for 40 Co Rd 123 was $12,376 with exemptions applied, up 81.1% from the year before.

Source: Cooke County assessment roll, as of June 2, 2026

Property Jurisdictions

Type	Name
State	Texas
County	Cooke County
Unified School District	Gainesville Independent School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$12,376.00 (+81.12%) Homeowner's exemption Senior Citizen's exemption	$815,106 (+1.37%) Land $103,000 Building $712,106	$815,106 (+1.37%) Land $103,000 Building $712,106
2025	$6,833.00 (-10.16%) Homeowner's exemption Senior Citizen's exemption	$804,106 Land $92,000 Building $712,106	$804,106 Land $92,000 Building $712,106
2024	$7,606.00
2023		$726,594 Land $86,000 Building $644,785	$730,785 Land $86,000 Building $644,785
2022	$9,944.00

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 40 Co Rd 123 in Zone X, an area of minimal flood risk, though there have been 4 flood claims nearby since 1990.

Source: FEMA National Flood Hazard Layer, effective April 26, 2016 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	2 in force
Nearby Flood Claims	4 (1990–2011)
Claims Outside the SFHA	4 of 4
Most Recent Claim	Nov 2011 · rainfall accumulation

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 40 Co Rd 123 is high, ranking above 79% of the US, with a 0.5% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	High above 79% of the US · above 73% of Texas
Wildfire Likelihood	0.5% annual chance
Exposure	Indirect within ember reach
Adjoins Burnable Land	Yes

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	WOODBINE SPECIAL UTILITY DISTRICT serves 8,151 people · EPA ID TX0490018
Water Source	Groundwater
Last State Inspection	Mar 2023
Lead	Under 1 ppb (2022–2024) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	2 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 21 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Nortex Communications Company Fiber	2,000 / 2,000
Optimum Cable	940 / 35
Nextlink Fixed Wireless	500 / 100
Verizon Fixed Wireless	300 / 20
ElektraFi Fixed Wireless	100 / 20

May also be available: Element8, T-Mobile.

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