Last 24 Hours
$249,000
1088 Pheasant Road, Gladewater, TX, 75647
$296,554 ARV
On Market
3 Beds
2 Bath
2,635 Sq Ft
Single Family Residence
$94.5 / sqft
Built in 1971Property Lead Type:
Must-SellHigh Equity
Highlights
Interior
Bedrooms 3
Bathrooms Full 2AppliancesElectric Cooktop, Electric Oven
Exterior
Lot Size7.98 acres
Building Information
Year Built2012
Garage Spaces2
Land Information
APN42987
Land UseResidential
Legal DescriptionABS A57 BRATTON, WILLIAM,TRACT 5, 7.982 ACRES 2 HOUSES & SHOP
Census Tract950700
Assessed Land Value$97,380
Assessed Improvement Value$234,450
Assessment Year2025
About this property
WOW! 8 Acres with a 3 bedroom 2 bath house, a huge shop and an adorable quest cottage with kitchen. Located in a quite neighborhood. Come take a look at this gem today. Just 20 minutes to downtown Longview and 40 minutes to downtown Tyler. Also a 2 hour drive to Dallas.
Investor Tools
$167,978Estimated Mortgage Balance
$163,852Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$296,554
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,991 /month
Positive
Cash Flow Estimate:
$664 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$430/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,503
$331,830
2025
$97,380
$234,450
$331,830
No
Tax History
Year
Tax Paid
Assessed Value
2025
$3,503
$331,830
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$183,600
No
First
Nov 5, 2021
Dec 2051
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$167,978
$163,852
49%
51%
$1,101/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,530/mo
$1,101/mo
+$429/mo
5.5%
12.4%