407 S Commerce St, Gainesville, TX 76240 Property Records

Cooke County property record for 407 S Commerce St, Gainesville, TX 76240

Property Summary

Property Type	Single Family Home
Details	2 bd · 1.5 ba · 1,564 sqft · built 1930
Lot Size	0.159 acres (6,930 sqft)
Owner	2 Individual Names on File
Tax Bill	$2,982 (2026)
Deeds & Mortgages	Jan 2023 Mortgage Nov 2022 Transfer
Flood Zone	Zone X (minimal risk)
APN	`2300-067-00006`

Property Details

APN / Parcel Number

Primary APN	`2300-067-00006`
Alternative APN	`20657`

Interior

Bedrooms	2 Beds
Full Baths	1.5 Baths
Half Baths	1 Half Bath
Building Area	1,564 sqft Living Area
Gross Area	2,225 sqft
1st Floor Area	1,564 sqft

Exterior

Year Built	Built 1930
Effective Year Built	Effective 1930
Exterior Material	Wood
Foundation Type	Pier/Post & Beam
Roof Material	Composition Shingle
Lot Area	6,930 sqft (0.159 acres)
Garage Area	528 sqft
Parking Spaces	2 Parking Spaces
Porch	Slab
Porch Area	133 sqft

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Central

Location & Zoning

Account Number	2300-067-00006
Street Address	407 S COMMERCE ST
City	GAINESVILLE
State	TX
Zip	76240-4715
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	GAINESVILLE ADDN; BLOCK 67; TR 6; ACRES .1591
Legal Subdivision	GAINESVILLE ADDN
Legal Tract	6
Legal Block	67
Jurisdiction	COOKE TX
Township / Civil Division	GAINESVILLE
Census Block Group	5
Census Block	5027
Census Tract	1100

Owner

407 S Commerce St is owned and occupied by two individuals who acquired it in November 2022.

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

Owner of Record	2 Individual Names on File
Mailing Address	407 S COMMERCE ST, GAINESVILLE, TX 76240-4715
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
Jan 30, 2023	Deed of Trust, Mortgage · Conventional Mortgage FIRST STATE BANK
Nov 14, 2022	Intrafamily Transfer, Transfer

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Mar 25, 2013
Deed Sale	Mar 25, 2013
Prior Sale	Dec 20, 2007
Deed Document Number	201336511
Deed Book / Page	1861 / 50
Last Transfer Date	Nov 11, 2022
Transfer Doc	002547/801
Record Updated	Oct 29, 2026

January 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	COOKE TX
Property Address	407 S COMMERCE ST, GAINESVILLE, TX 76240-4715
Transaction Type	Mortgage
Record Updated	Mar 7, 2023
Title Company	HOWETH TITLE COMPANY

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	102 CHIPPEWA CV, GAINESVILLE, TX 76240-9500

Mortgage

Document Number	0002560/24
Date	Jan 30, 2023
Book Page	2560/24
Instrument	642

Lender

Name	FIRST STATE BANK
Type	Bank
Address	GAINESVILLE, TX 76241

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	241 Months
Due	Feb 1, 2043

Interest

Rate Type	Adjustable Rate
Rate	10.6%
Type Change Date	Feb 1, 2028
Change Frequency	Annually
Min Rate At Change	8.62%
Max Rate At Change	12.6%
Index	Other
Max Rate	18%

November 2022: Intrafamily Transfer, Transfer

Document Type	Intrafamily Transfer
Jurisdiction	COOKE TX
Recording Date	Nov 14, 2022
Property Address	407 S COMMERCE ST, GAINESVILLE, TX 76240-4715
Document Number	002547/801
Book / Page	2547 / 801
Instrument Date	Aug 5, 2022
Instrument	2022-9266
Transaction Type	Transfer
Record Updated	Mar 8, 2023

Transaction

Tax	$0.00
Additional	Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	407 S COMMERCE ST, GAINESVILLE, TX 76240-4715

Tax Assessment & Valuation

The 2026 property tax bill for 407 S Commerce St was $2,982.

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

Property Jurisdictions

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

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$2,982.00	$142,557 (-) Land $38,179 Building $104,378	$142,557 (-) Land $38,179 Building $104,378
2025	$2,982.00 (+16.58%)	$142,557 Land $38,179 Building $104,378	$142,557 Land $38,179 Building $104,378
2024	$2,558.00
2023		$112,522 Land $31,804 Building $80,718	$112,522 Land $31,804 Building $80,718
2022	$2,274.00

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

Flood

FEMA maps place 407 S Commerce St in Zone X, an area of minimal flood risk, though there have been 26 flood claims nearby since 1981.

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	3 in force
Nearby Flood Claims	26 (1981–2009)
Claims Outside the SFHA	11 of 26
Most Recent Claim	Apr 2009 · river or lake flooding
Claims by Event	Severe Storms, Tornadoes, And Flooding, Jun 2007 · 12 claims Severe Storms, Tornadoes & Flooding, May 1990 · 6 claims

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 407 S Commerce St is low, with a 0.04% annual chance of wildfire.

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

Wildfire Risk	Low lower than 64% of the US · lower than 88% of Texas
Wildfire Likelihood	0.04% annual chance
Exposure	None beyond ember reach

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	CITY OF GAINESVILLE serves 18,107 people · EPA ID TX0490001
Water Source	Surface water
Last State Inspection	Apr 2025
Lead	2 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	None 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 336 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
ElektraFi Fixed Wireless	100 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: Element8, Nextlink, Verizon.

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