ActiveResidential · sale

704 Gresham

Smithville, TX 78957

$559,900

  • 3 beds
  • 2 baths
  • 1,816 sq ft
  • 0.14 acres
  • Built 1936

Listed by Mike Hightower Realty · MLS #ACT6717283

A FEW THINGS TO NOTICE

What stands out.

Living spaces

An inviting covered porch off the main home overlooks a courtyard centered around a magnificent shade tree.

Details worth a look

A detached guest cottage provides endless possibilities with soaring vaulted beadboard ceilings, clerestory windows, wood flooring, a kitchenette, full bath, and its own covered porch—ideal for guests, a home office, studio, or income-producing rental.

Year built

Built in 1936.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Beautifully restored historic home where timeless character meets modern luxury! This exceptional property showcases soaring ceilings, original hardwood floors, shiplap walls, rich wood accents, oversized windows, and an open-concept design filled with natural light. The spacious living, dining, and kitchen areas flow seamlessly, creating the perfect space for everyday living and entertaining. The chef-inspired kitchen features quartz countertops, a large center island with seating and storage, abundant custom cabinetry, designer lighting, and exposed brick accents that complement the home's historic charm. The private primary suite offers a relaxing retreat with large windows, hardwood floors, an updated ensuite bath featuring designer finishes, and a beautifully tiled walk-in shower. The closet has been enhanced with custom shelving for exceptional organization. A detached guest cottage provides endless possibilities with soaring vaulted beadboard ceilings, clerestory windows, wood flooring, a kitchenette, full bath, and its own covered porch—ideal for guests, a home office, studio, or income-producing rental. Step outside to a professionally landscaped backyard oasis designed for entertaining. An inviting covered porch off the main home overlooks a courtyard centered around a magnificent shade tree. Winding pathways connect multiple outdoor living spaces, including a spacious pergola, guest cottage, extended covered barbeque area adjoining the carport, direct access to the garage and carport, and a separate storage building. Decorative lighting and beautifully designed landscaping create a peaceful retreat you'll enjoy year-round. From its outstanding curb appeal with a welcoming front porch & standing seam metal roof to its thoughtfully restored interior and exceptional outdoor living spaces, this one-of-a-kind property offers the perfect blend of historic elegance, modern amenities, and versatile living in a setting you'll be proud to call home.

THE NEIGHBORHOOD

Explore the location.

704 Gresham, Smithville, TX 78957

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1936
Full baths
2
Half baths
0
Garage spaces
2
Cooling
Ceiling Fan(s), Central Air, Humidity Control
Heating
Central, Natural Gas
Appliances
Dishwasher, Disposal, ENERGY STAR Qualified Refrigerator, Plumbed For Ice Maker, Free-Standing Gas Range, RNGHD, Stainless Steel Appliance(s), Washer/Dryer Stacked, Tankless Water Heater
Flooring
Wood
Fencing
Fenced, Gate, Privacy
Accessibility
None
Pool features
None
Subdivision
Riverside Park
Parcel
18809
Elementary school
Brown Primary
Middle school
Smithville
High school
Smithville
Annual property tax
$6,306.09

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$2,332.92
Cap rate

Annual operating income:

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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704 Gresham, Smithville, TX 78957 · MLS #ACT6717283

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Listing information

MLS #ACT6717283 · Austin Board of Realtors

Listing brokerage: Mike Hightower Realty
Listing agent: Gina Hightower

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.