508 West Main Street

508 West Main Street has been categorized by the local assessors in Gunter, TX as a commercial type of property. The building on the property was first built in 1985 and is 39 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 508 West Main Street has 1,375 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,450 ft and across the front of the lot is 250 ft. The area measurement of the land has been determined as 3,624 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $2,597 in taxes each year. 508 West Main Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $109,208. If we break it down further, the land itself was valued at $11,709. Improvements to the property, however, were assessed at a total of $97,499. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.