Cooke County property record for 507 Fair Ave, Gainesville, TX 76240
| Property Type | Single Family Home |
|---|---|
| Details | 2 bd · 1.5 ba · 1,031 sqft · built 1950 |
| Lot Size | 0.119 acres (5,201 sqft) |
| Owner | Individual Name on File |
| Tax Bill | $1,684 (2026) |
| Deeds & Mortgages | Oct 2024 Sale |
| Flood Zone | Zone X (minimal risk) |
| APN | 2280-003-00007 |
| Primary APN | 2280-003-00007 |
|---|---|
| Alternative APNs |
|
| Bedrooms | 2 Beds |
|---|---|
| Full Baths | 1.5 Baths |
| Half Baths | 1 Half Bath |
| Building Area | 1,031 sqft Living Area |
| Gross Area | 1,351 sqft |
| 1st Floor Area | 1,031 sqft |
| Year Built | Built 1950 |
|---|---|
| Effective Year Built | Effective 1950 |
| Exterior Material | Other |
| Foundation Type | Pier/Post & Beam |
| Roof Material | Composition Shingle |
| Lot Area | 5,201 sqft (0.119 acres) |
| Garage Type | Carport |
| Garage Area | 300 sqft |
| Carport | Carport |
| Carport Area | 300 sqft |
| Parking Spaces | 1 Parking Space |
| Porch | Slab |
| Porch Area | 20 sqft |
| Cooling System | Window A/C |
|---|
| Account Number | 2280-003-00007 |
|---|---|
| Street Address | 507 FAIR AVE |
| City | GAINESVILLE |
| State | TX |
| Zip | 76240-4436 |
| Property Category | Residential |
| Property Type | Residential > Single Family > Home |
| Legal Description | FAIRGROUNDS ADDN; BLOCK 3; LOT 7 & 8 N 80' |
| Legal Subdivision | FAIRGROUNDS ADDN |
| Legal Block | 3 |
| Legal Lot Number | 7,8 |
| Jurisdiction | COOKE TX |
| Township / Civil Division | GAINESVILLE |
| Census Block Group | 3 |
| Census Block | 3026 |
| Census Tract | 600 |
507 Fair Ave is owned and occupied by an individual who acquired it in October 2024.
Source: Cooke County records, as of October 20, 2026
| Owner of Record | Individual Name on File |
|---|---|
| Mailing Address | 507 FAIR AVE, GAINESVILLE, TX 76240-4436 |
| 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.
| Deed Names | Name on Deed |
|---|---|
| Last Sale | Oct 31, 2024 |
| Deed Sale | Oct 31, 2024 |
| Prior Sale | Mar 17, 2023 |
| Deed Document Number | 20247851 |
| Deed Book / Page | 2676 / 187 |
| Record Updated | Oct 29, 2026 |
| Document Type | Warranty Deed |
|---|---|
| Jurisdiction | COOKE TX |
| Recording Date | Oct 31, 2024 |
| Property Address | 507 FAIR AVE, GAINESVILLE, TX 76240-4436 |
| Document Number | 002676/187 |
| Book / Page | 2676 / 187 |
| Instrument Date | Oct 31, 2024 |
| Instrument | 2024-7851 |
| Transaction Type | Transfer |
| Record Updated | Nov 11, 2025 |
| Tax | $0.00 |
|---|---|
| Additional |
|
| Name | Verified Name |
|---|---|
| Address | 4501 N 135, GAINESVILLE, TX 76240 |
| Name | Verified Name |
|---|---|
| Address | 507 FAIR AVE, GAINESVILLE, TX 76240-4436 |
The 2026 property tax bill for 507 Fair Ave was $1,684 with a homeowner's exemption, up 91.1% 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 | $1,684.00 (+91.15%) Homeowner's exemption | $80,512 (-) Land $21,164 Building $59,348 | $80,512 (-) Land $21,164 Building $59,348 |
| 2025 | $881.00 (-41.46%) | $80,512 Land $21,164 Building $59,348 | $80,512 Land $21,164 Building $59,348 |
| 2024 | $1,505.00 | ||
| 2023 | $74,771 Land $19,240 Building $55,531 | $74,771 Land $19,240 Building $55,531 | |
| 2022 | $1,389.00 |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
FEMA maps place 507 Fair Ave in Zone X, an area of minimal flood risk, though there have been 1 flood claim nearby since 2007.
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 | 1 in force |
| Nearby Flood Claims | 1 (2007) |
| Claims Outside the SFHA | 1 of 1 |
| Most Recent Claim | Jun 2007 · Severe Storms, Tornadoes, And Flooding |
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 507 Fair Ave is low, with a 0.02% annual chance of wildfire.
Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024
| Wildfire Risk | Low lower than 96% of the US · lower than 97.9% of Texas |
|---|---|
| Wildfire Likelihood | 0.02% 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 355 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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