515 N Commerce St, Gainesville, TX 76240 Property Records

Cooke County property record for 515 N Commerce St, Gainesville, TX 76240

Property Summary

Property Type	Multi-Family Dwellings
Details	2 bd · 1 ba · 1,861 sqft · built 1940
Lot Size	0.204 acres (8,908 sqft)
Owner	Company Name on Record
Tax Bill	$3,451 (2026)
Deeds & Mortgages	Jan 2022 Mortgage Oct 2021 Sale
Flood Zone	Zone X (minimal risk)
APN	`2740-005-0003B`

Property Details

APN / Parcel Number

Primary APN	`2740-005-0003B`
Alternative APN	`16637`

Interior

Bedrooms	2 Beds
Full Baths	1 Bath
Units	2 Units
Building Area	1,861 sqft Total Area
1st Floor Area	1,861 sqft

Exterior

Year Built	Built 1940
Effective Year Built	Effective 1940
Architectural Style	Multi-Family
Exterior Material	Wood
Foundation Type	Slab (Mat/Raft)
Roof Material	Composition Shingle
Lot Area	8,908 sqft (0.204 acres)
Porch	Slab
Porch Area	184 sqft
Storage Building	64 sqft

Utilities, Heating & Cooling

Cooling System	Window A/C

Location & Zoning

Account Number	2740-005-0003B
Street Address	515 N COMMERCE ST
City	GAINESVILLE
State	TX
Zip	76240-3914
Property Category	Residential
Property Type	Residential > Multi-Unit > Multi-Family Dwellings
Legal Description	SCOTT ADDN; BLOCK 5; LOT 3 E 1/2; ACRES .2045
Legal Subdivision	SCOTT ADDN
Legal Block	5
Legal Lot Number	3
Jurisdiction	COOKE TX
Township / Civil Division	GAINESVILLE
Census Block Group	2
Census Block	2077
Census Tract	400

Owner

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

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	1493 COUNTY ROAD 2535, DECATUR, TX 76234-7228
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Jan 4, 2022	Deed of Trust, Mortgage · Commercial Mortgage LEGEND BANK NA
Oct 21, 2021	Warranty Deed, Transfer GUARDIAN TITLE COMPANY, GUARDIAN TITLE CO

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Oct 21, 2021
Deed Sale	Oct 21, 2021
Prior Sale	Jan 24, 2020
Deed Document Number	20219251
Deed Book / Page	2459 / 391
Record Updated	Oct 29, 2026

January 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	COOKE TX
Property Address	515 N COMMERCE ST, GAINESVILLE, TX 76240-3914
Transaction Type	Mortgage
Record Updated	Nov 14, 2023
Title Company	GUARDIAN TITLE COMPANY, GUARDIAN TITLE CO

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1493 COUNTY ROAD 2535, DECATUR, TX 76234-7228

Mortgage

Document Number	002478/102
Date	Jan 4, 2022
Book Page	2478/102
Instrument	46

Lender

Name	LEGEND BANK NA
Type	Bank
Address	BOWIE, TX 76230

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	240 Months
Due	Jan 5, 2042

October 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	COOKE TX
Recording Date	Oct 21, 2021
Property Address	515 N COMMERCE ST, GAINESVILLE, TX 76240-3914
Document Number	002459/391
Book / Page	2459 / 391
Instrument Date	Oct 13, 2021
Instrument	9251
Transaction Type	Transfer
Record Updated	Nov 14, 2023
Title Company	GUARDIAN TITLE COMPANY, GUARDIAN TITLE CO

Transaction

Tax	$0.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	1230 N LBJ DR APT 825, 825, SAN MARCOS, TX 78666-3591

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1493 COUNTY ROAD 2535, DECATUR, TX 76234-7228

Tax Assessment & Valuation

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	$3,451.00 (+3.76%)	$164,961 (+3.74%) Land $40,006 Building $124,955	$164,961 (+3.74%) Land $40,006 Building $124,955
2025	$3,326.00 (+10.39%)	$159,011 (+1.27%) Land $40,006 Building $119,005	$159,011 (+1.27%) Land $40,006 Building $119,005
2024	$3,013.00 (-5.07%)
2023		$157,015 Land $33,323 Building $123,692	$157,015 Land $33,323 Building $123,692
2022	$3,174.00

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

Flood

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	3 (2007–2015)
Most Recent Claim	May 2015 · Severe Storms, Tornadoes, Straight-line Winds 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

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

Wildfire Risk	Low lower than 80% of the US · lower than 94% of Texas
Wildfire Likelihood	0.01% 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 348 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
Verizon Fixed Wireless	300 / 20
ElektraFi Fixed Wireless	100 / 20

May also be available: Element8, Nextlink, T-Mobile.

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