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424 S Commerce St, Gainesville, TX 76240 Property Records

Cooke County property record for 424 S Commerce St, Gainesville, TX 76240

Property Summary

Property TypeSingle Family Home
Details3 bd · 2 ba · 1,338 sqft · built 2024
Lot Size0.101 acres (4,400 sqft)
Owner2 Individual Names on File
Last Sale$271,727 (Oct 2024)
Tax Bill$4,341 (2026)
Deeds & MortgagesMay 2024 Mortgage
Oct 2024 Mortgage
Flood ZoneZone X (minimal risk)
APN2032-000-00002

Property Details

APN / Parcel Number

Primary APN2032-000-00002
Alternative APN
  • 321189

Interior

Bedrooms3 Beds
Full Baths2 Baths
Building Area1,338 sqft Living Area
1st Floor Area1,338 sqft

Exterior

Year BuiltBuilt 2024
Effective Year BuiltEffective 2025
Exterior MaterialSiding
Foundation TypeSlab (Mat/Raft)
Roof MaterialComposition Shingle
Lot Area4,400 sqft (0.101 acres)
Garage Area240 sqft
Parking Spaces1 Parking Space
PorchSlab
Porch Area36 sqft

Utilities, Heating & Cooling

Cooling SystemCentral
Heating SystemCentral

Location & Zoning

Account Number2032-000-00002
Street Address424 S COMMERCE ST
CityGAINESVILLE
StateTX
Zip76240-4716
Property CategoryResidential
Property TypeResidential > Single Family > Home
Legal DescriptionBETT CARR ADDITION; LOT 2; ACRES .101
Legal SubdivisionBETT CARR ADDITION
Legal Lot Number2
JurisdictionCOOKE TX
Township / Civil DivisionGAINESVILLE
Census Block Group5
Census Block5020
Census Tract1100

Owner

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

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

Owner of Record2 Individual Names on File
Mailing Address424 S COMMERCE ST, GAINESVILLE, TX 76240-4716
OccupancyOwner Occupied
Owner TypeIndividual
VestingHis Wife

Deeds, Mortgages & Sale History

DateDocument
May 2, 2024Deed of Trust, Mortgage · Commercial Mortgage
IFP FUND I LLC
Oct 25, 2024Vendor's Lien, Subdivision Related Transfer · FHA Mortgage
JACKSON FLAGSTAR CENTRE OFFICE

Assessor's Deed Record

Deed Names2 Names on Deed
Last SaleOct 25, 2024 · Amount on File
Deed SaleOct 25, 2024 · Amount on File
Prior SaleJul 24, 2023
Deed Document Number20247713
Deed Book / Page2675 / 144
Record UpdatedOct 29, 2026

May 2024: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionCOOKE TX
Property Address424 S COMMERCE ST, GAINESVILLE, TX 76240-4716
Transaction TypeMortgage
Record UpdatedNov 11, 2025
Title CompanyHOWETH TITLE COMPANY

Transferred To (Grantee/Buyer)

NameVerified Name
Address5717 LEGACY DR, PLANO, TX 75024-3689

Mortgage

Document Number002641/588
DateMay 2, 2024
Book Page2641/588
Instrument2024-2905
Lender
NameIFP FUND I LLC
TypeNon-Lending Institution
AddressPHILADELPHIA, PA 19123
Agreement
TypeCommercial Mortgage
AmountAmount on Record

October 2024: Vendor's Lien, Subdivision Related Transfer

Document TypeVendor's Lien
JurisdictionCOOKE TX
Recording DateOct 25, 2024
Property Address424 S COMMERCE ST, GAINESVILLE, TX 76240-4716
Document Number002675/114
Book / Page2675 / 114
Map ReferenceCAB A SL 275
Instrument DateOct 23, 2024
Instrument2024-7713
Transaction TypeSubdivision Related Transfer
Record UpdatedNov 11, 2025
Title CompanyHOWETH TITLE COMPANY

Transaction

Tax$0.00
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name
Address3937 DICKINSON AVE, AUBREY, TX 76227-3652

Transferred To (Grantee/Buyer)

NameVerified Name
Address424 S COMMERCE ST, CALLISBURG, TX 76240-4716

Mortgage

Document Number0020247714
DateOct 25, 2024
Instrument2024-7714
Lender
NameJACKSON FLAGSTAR CENTRE OFFICE
TypeBank
Special NotesSeller Financed
Agreement
TypeFHA Mortgage
AmountAmount on Record
Term361 Months
DueNov 1, 2054

Tax Assessment & Valuation

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

Property Jurisdictions

TypeName
StateTexas
CountyCooke County
MunicipalityGainesville City
Unified School DistrictGainesville Independent School District (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2026$4,341.00 (+47.5%) Homeowner's exemption$207,476 (-) Land $24,242 Building $183,234$207,476 (-) Land $24,242 Building $183,234
2025$2,943.00 (+541.18%) Homeowner's exemption$207,476 (+927.41%) Land $24,242 Building $183,234$207,476 (+927.41%) Land $24,242 Building $183,234
2024$459.00 (+4.56%)
2023$20,194 Land $20,194$20,194 Land $20,194
2022$439.00

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

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

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Nearby Flood Policies3 in force
Nearby Flood Claims26 (1981–2009)
Claims Outside the SFHA11 of 26
Most Recent ClaimApr 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

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

Wildfire RiskLow
lower than 64% of the US · lower than 88% of Texas
Wildfire Likelihood0.04% annual chance
ExposureNone
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 SystemCITY OF GAINESVILLE
serves 18,107 people · EPA ID TX0490001
Water SourceSurface water
Last State InspectionApr 2025
Lead2 ppb (2022–2024)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
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

ProviderMax 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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