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$55,300

NAL Estimated Property Value

1062 & 1066 Pennington Street, Gilchrist, TX, 77617

Off MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size7,802 sqft

Land Information

APN2205-0000-0010-000
Lot Number10
SubdivisionCanal City
Land UseVacant Land
Legal DescriptionABST 52 J DUNMAN SUR LOT 10 CANAL CITY
Census Tract723900
Assessed Land Value$54,700
Assessed Improvement Value$600
Assessment Year2025

About this property

Escape to the coastal lifestyle with these 3 canal-front lots in Gilchrist, TX! Enjoy breathtaking water views, direct access to the Intracoastal Waterway, and endless recreation. Whether you're dreaming of a vacation retreat, fishing haven, or year-round living, this property is your perfect getaway. Features include 2 RV pads, ample parking/entertainment space, fenced and gated, covered RV area, bulkhead, custom concrete fishing walkways, and covered canal frontage for relaxing or casting a line. Equipped with 2 RV amp hookups - 30 amp and 50 amp, and water connections. Don't miss this waterfront paradise!

Investor Tools

Property Icon
$55,300
Estimated Property Value
$76,544Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,319 /month
Positive
Cash Flow Estimate:
$440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$98/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$901
$55,300
2025
$54,700
$600
$55,300
No

Tax History

Year
Tax Paid
Assessed Value
2024
$901
$55,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
David Karrington Etux
Unknown
$40,500
No
First
Jun 14, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$76,544
N/A
0%
138%
$486/mo

Learn About the Market: Opportunity in Texas

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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: Gilchrist

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