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$259,000

NAL Estimated Property Value

1021 N Montgomery St, Gilmer, TX, 75644

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,880 Sq Ft
price_per_sqft$136.97 / sqft

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 3Bathrooms Half 3
AppliancesDishwasher, Microwave, Electric Water Heater, Disposal, Electric Range, Electric Oven
FlooringVinyl

Exterior

Lot Size13,678 sqft

Land Information

APN65102926
Lot Number6
Land UseResidential
Legal DescriptionLOT 6,7A, BLK 12 MITCHELL ADDN S253 (A200) .314 ACRES & HOUSE, UNDIVIDED INTEREST 50.0000000000%
Census Tract950400
Assessment Year2025

About this property

Two homes, one property! This beautifully remodeled home includes a detached 400 Sq ft guest suite with its own full bathroom, making it ideal for extended family, guests, a private office, or possible rental income. Add in the workshop and complete renovation, and this property offers flexibility that's hard to find in Gilmer. The main home features 3 bedrooms, 2 bathrooms and 1,480 thoughtfully updated sq ft. The updates are from top to bottom with major improvements including new sheetrock, wiring, flooring, cabinetry, lighting, fixtures, and more. When you walk inside, you will find a layout that blends modern updates with classic charm, creating a comfortable and inviting space. The primary bedroom is over sized, and features a luxurious en-suite bathroom with a walk in shower. The updates continue to the other two bedroom and guest bathroom leaving plenty of space for friends and family. The detached guest house provides incredible flexibility with its open studio layout, making it ideal for extended family, guests, a private home office, or even income-producing potential... Would be perfect for an Airbnb! Out back, a spacious shop adds even more value, offering plenty of room for storage, hobbies, or a small business setup. With quality updates, versatile living spaces, and functionality both inside and out, this property stands out. Move-in ready and packed with opportunity. Schedule your showing today!

Investor Tools

Property Icon
$259,000
Estimated Property Value
$33,993Estimated Mortgage Balance
$225,007Estimated Equity
86% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,554 /month
Positive
Cash Flow Estimate:
$518 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$228/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,443
N/A
2025
N/A
N/A
N/A
No

Tax History

Year
Tax Paid
Assessed Value
2022
$1,443
N/A

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Allied Home Mortgage Capital Corp
Unknown
$64,452
No
First
Nov 19, 2007
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$33,993
$225,007
86%
13%
$387/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Gilmer

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1021 N Montgomery St | Property Details | No Agent List