Cooke County property record for 501 Walter Rd, Gainesville, TX 76240
| Property Type | Single Family Home |
|---|---|
| Details | 2 bd · 1.5 ba · 2,554 sqft · built 1940 |
| Lot Size | 0.235 acres (10,219 sqft) |
| Owner | 2 Individual Names on File |
| Last Sale | $89,100 (Sep 2016) |
| Tax Bill | $3,183 (2026) |
| Flood Zone | Zone X (minimal risk) |
| APN | 2475-001-00001 |
| Primary APN | 2475-001-00001 |
|---|---|
| Alternative APN |
|
| Bedrooms | 2 Beds |
|---|---|
| Full Baths | 1.5 Baths |
| Half Baths | 1 Half Bath |
| Building Area | 2,554 sqft Living Area |
| Gross Area | 2,614 sqft |
| 1st Floor Area | 1,714 sqft |
| Year Built | Built 1940 |
|---|---|
| Effective Year Built | Effective 1940 |
| Exterior Material | Siding |
| Foundation Type | Pier/Post & Beam |
| Roof Material | Composition Shingle |
| Lot Area | 10,219 sqft (0.235 acres) |
| Porch | Slab |
| Porch Area | 60 sqft |
| Cooling System | HVAC |
|---|---|
| Heating System | Central |
| Account Number | 2475-001-00001 |
|---|---|
| Street Address | 501 WALTER RD |
| City | GAINESVILLE |
| State | TX |
| Zip | 76240-2146 |
| Property Category | Residential |
| Property Type | Residential > Single Family > Home |
| Legal Description | LYNCH ADDN; BLOCK 1; LOT 1 |
| Legal Subdivision | LYNCH ADDN |
| Legal Block | 1 |
| Legal Lot Number | 1 |
| Jurisdiction | COOKE TX |
| Township / Civil Division | GAINESVILLE |
| Census Block Group | 2 |
| Census Block | 2006 |
| Census Tract | 500 |
501 Walter Rd is owned and occupied by two individuals who bought it in September 2016.
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 Record | 2 Individual Names on File |
|---|---|
| Mailing Address | 501 WALTER RD, GAINESVILLE, TX 76240-2146 |
| Occupancy | Owner Occupied |
| Owner Type | Individual |
| Deed Names | 2 Names on Deed |
|---|---|
| Last Sale | Sep 30, 2016 · Amount on File |
| Deed Sale | Sep 30, 2016 · Amount on File |
| Deed Document Number | 201668695 |
| Deed Book / Page | 2092 / 805 |
| Prior Transfer Date | Sep 27, 2016 |
| Prior Transfer Doc | 2092/805 |
| Record Updated | Oct 29, 2026 |
The 2026 property tax bill for 501 Walter Rd was $3,183 with a homeowner's exemption, up 110.4% from the year before.
Source: Cooke County assessment roll, as of June 2, 2026
| Type | Name |
|---|---|
| State | Texas |
| County | Cooke County |
| Municipality | Gainesville City |
| Unified School District | Gainesville Independent School District (PK - 12) |
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2026 | $3,183.00 (+110.38%) Homeowner's exemption | $152,155 (+1%) | $183,414 (-) Land $37,231 Building $146,183 |
| 2025 | $1,513.00 (-0.72%) Homeowner's exemption | $138,323 Land $37,231 Building $146,183 | $183,414 Land $37,231 Building $146,183 |
| 2024 | $1,524.00 | ||
| 2023 | $114,316 Land $37,201 Building $138,340 | $175,541 Land $37,201 Building $138,340 | |
| 2022 | $1,853.00 |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
FEMA maps place 501 Walter Rd in Zone X, an area of minimal flood risk, though there have been 3 flood claims nearby since 1989.
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 | 3 (1989–2007) |
| Most Recent Claim | Jun 2007 · Severe Storms, Tornadoes, And Flooding |
| Claims by Event |
|
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 risk around 501 Walter Rd is low, with a 0.03% annual chance of wildfire.
Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024
| Wildfire Risk | Low lower than 65% of the US · lower than 90% of Texas |
|---|---|
| Wildfire Likelihood | 0.03% annual chance |
| Exposure | None beyond ember reach |
Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.
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 |
| 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.
Source: FCC Broadband Data Collection, based on 58 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.
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