508 S Chestnut St, Gainesville, TX 76240 Property Records

Cooke County property record for 508 S Chestnut St, Gainesville, TX 76240

Property Summary

Property Type	Single Family Home
Details	3 bd · 3 ba · 1,716 sqft · built 1958
Lot Size	0.358 acres (15,599 sqft)
Owner	2 Individual Names on File
Last Sale	$379,048 (Jun 2025)
Tax Bill	$6,276 (2026)
Deeds & Mortgages	Jun 2025 Mortgage Mar 2023 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`2055-002-00003`

Property Details

APN / Parcel Number

Primary APN	`2055-002-00003`
Alternative APN	`5543`

Interior

Bedrooms	3 Beds
Full Baths	3 Baths
Building Area	1,716 sqft Living Area
Gross Area	3,078 sqft
1st Floor Area	1,716 sqft
2nd Floor Area	648 sqft

Exterior

Year Built	Built 1958
Effective Year Built	Effective 1980
Exterior Material	Brick
Construction Type	Brick
Foundation Type	Slab (Mat/Raft)
Roof Material	Composition Shingle
Lot Area	15,599 sqft (0.358 acres)
Garage Area	648 sqft
Parking Spaces	2 Parking Spaces
Porch	Slab
Porch Area	66 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central

Location & Zoning

Account Number	2055-002-00003
Street Address	508 S CHESTNUT ST
City	GAINESVILLE
State	TX
Zip	76240-5211
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	BOLHM; BLOCK 2; LOT 3
Legal Subdivision	BOLHM
Legal Block	2
Legal Lot Number	3
Jurisdiction	COOKE TX
Township / Civil Division	GAINESVILLE
Census Block Group	5
Census Block	5045
Census Tract	1100

Owner

508 S Chestnut St is owned and occupied by two individuals who bought it in June 2025.

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

Owner of Record	2 Individual Names on File
Mailing Address	508 S CHESTNUT ST, GAINESVILLE, TX 76240-5211
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
Jun 3, 2025	Vendor's Lien, Transfer · Conventional Mortgage DATCU CU
Mar 16, 2023	Deed of Trust, Mortgage · Conventional Mortgage PENNYMAC LOAN SERVICES LLC
Mar 13, 2020	Vendor's Lien, Transfer · Conventional Mortgage GUILD MORTGAGE CO

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Jun 3, 2025 · Amount on File
Deed Sale	Jun 3, 2025 · Amount on File
Prior Sale	Mar 13, 2020 · Amount on File
Deed Document Number	20253675
Deed Book / Page	2713 / 840
Prior Transfer Date	Mar 12, 2020
Prior Transfer Doc	002318/179
Record Updated	Oct 29, 2026

June 2025: Vendor's Lien, Transfer

Document Type	Vendor's Lien
Jurisdiction	COOKE TX
Recording Date	Jun 3, 2025
Property Address	508 S CHESTNUT ST, GAINESVILLE, TX 76240-5211
Document Number	002713/840
Book / Page	2713 / 840
Map Reference	CAB B SL 100
Instrument Date	Jun 2, 2025
Instrument	2025-3675
Transaction Type	Transfer
Record Updated	Nov 11, 2025

Transaction

Tax	$0.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	5075 E 52ND ST # STM201, STM201, ODESSA, TX 79762-5104

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	508 S CHESNUT ST, GAINESVILLE, TX 76240-5211

Mortgage

Document Number	0020253676
Date	Jun 3, 2025
Instrument	2025-3676

Lender

Name	DATCU CU
Type	Credit Union
Special Notes	Seller Financed

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	361 Months
Due	Jul 1, 2055

March 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	COOKE TX
Property Address	508 S CHESTNUT ST, GAINESVILLE, TX 76240-5211
Transaction Type	Mortgage
Record Updated	Apr 3, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	508 S CHESTNUT ST, GAINESVILLE, TX 76240-5211

Mortgage

Document Number	0002568/73
Date	Mar 16, 2023
Book Page	2568/73
Instrument	2023-1677

Lender

Name	PENNYMAC LOAN SERVICES LLC
Type	Mortgage Company
Address	WESTLAKE VILLAGE, CA 91361

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	361 Months
Due	Apr 1, 2053

March 2020: Vendor's Lien, Transfer

Document Type	Vendor's Lien
Jurisdiction	COOKE TX
Recording Date	Mar 13, 2020
Property Address	508 S CHESTNUT ST, GAINESVILLE, TX 76240-5211
Document Number	2318/179
Book / Page	2318 / 179
Instrument Date	Mar 12, 2020
Instrument	2020-01938
Transaction Type	Transfer
Record Updated	Nov 9, 2021

Transaction

Tax	$0.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	7626 FM 51, 7626, GAINESVILLE, TX 76240-8227

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	508 S CHESTNUT ST, GAINESVILLE, TX 76240-5211

Mortgage

Document Number	1939
Date	Mar 13, 2020
Instrument	1939

Lender

Name	GUILD MORTGAGE CO
Type	Mortgage Company
Special Notes	Seller Financed

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	361 Months
Due	Apr 1, 2050

Tax Assessment & Valuation

The 2026 property tax bill for 508 S Chestnut St was $6,276 with a homeowner's exemption, up 18.9% from the year before.

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	$6,276.00 (+18.93%) Homeowner's exemption	$299,999 (-5.96%) Land $70,824 Building $229,175	$299,999 (-5.96%) Land $70,824 Building $229,175
2025	$5,277.00 (+1.74%) Homeowner's exemption	$319,020 Land $70,824 Building $248,196	$319,020 Land $70,824 Building $248,196
2024	$5,187.00
2023		$329,182 Land $58,968 Building $270,214	$329,182 Land $58,968 Building $270,214
2022	$6,171.00

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

Flood

FEMA maps place 508 S Chestnut 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 508 S Chestnut 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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