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$195,470

NAL Estimated Property Value

116 Tomie Street, Quitman, TX, 75783

$224,845 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,946 Sq Ft
price_per_sqft$89.93 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2.5Bathrooms 2.5
AppliancesElectric Range

Exterior

Lot Size13,024 sqft

Land Information

APN41536
Lot Number8
Land UseResidential
Legal DescriptionLOT 8 BLK 1 .299 QUITMAN USREY ADD
Census Tract950500
Assessed Land Value$5,210
Assessed Improvement Value$202,350
Assessment Year2025

About this property

4 2.5 Property has lots of space. Some bedrooms and bathrooms have some cosmetic needs for instance flooring and bathrooms and kitchen and painting. Roof is 4 years old and outside wood was just painted. Water heater was purchased this year. HVAC is older but works per seller. Bring your interior ideas to make this home shine! The refrigerator stays with the property and the Washer and dryer. There are no guarantees whether they will work or not. The house will be sold as is, all offers will be considered for review within reason. close to shopping and downtown Quitman. Quitman school is behind the property. Painting was completed in the bedrooms and the seller will consider carpeting for a Painting was completed in the bedrooms and the seller will consider carpeting for an increase in sales price. Come take an opportunity That is very few in this area at this price. Seller has provided survey.

Investor Tools

Property Icon
$195,470
Estimated Property Value
$152,509Estimated Mortgage Balance
$42,961Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$224,845
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,173 /month
Positive
Cash Flow Estimate:
$391 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$278/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,354
$195,470
2025
$5,210
$202,350
$207,560
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,354
$195,470

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Fha
$159,493
Yes
First
Dec 15, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$152,509
$42,961
21%
78%
$957/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.

Explore Texas Explore This Area
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: Quitman

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