$398,000
NAL Estimated Property Value1161 Burro Rd. Burro Rd, Gilmer, TX, 75644
$411,203 ARV
Off Market
Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
AppliancesDishwasher, Gas Range
FlooringCarpet, Vinyl
Exterior
Exterior FeaturesDock, Storage
Lot Size6.04 acres
Building Information
Year Built1975
Garage Spaces2
Land Information
APN3430
Land UseResidential
Legal DescriptionABS A200 HEREFORD, WILLIAM H,TRACT 27, 6.038 ACRES & HOUSE
Census Tract950301
Assessed Land Value$85,600
Assessed Improvement Value$229,730
Assessment Year2025
About this property
This four bedroom, 3.5 bath home provides plenty of space and even has extra room for an office or a second living area that isa huge plus, especially for remote work or family gatherings. Great flow and large spaces draw you in to this home that is perfectly set up to entertain and live your best life! The outdoor features an above ground pool with surrounding deck, a huge pond, 6 acres and shop when combined with the proximity to historic downtown Gilmer and the award winning Gilmer High School, really makes it a versatile property that you can't miss.
Investor Tools
$398,000
Estimated Property Value
$153,715Estimated Mortgage Balance
$244,285Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$411,203
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,489 /month
Positive
Cash Flow Estimate:
$830 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$423/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,087
$315,330
2025
$85,600
$229,730
$315,330
No
Tax History
Year
Tax Paid
Assessed Value
2025
$3,087
$315,330
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Carrington Mortgage Services Llc
Fha
$183,150
Yes
First
Jun 12, 2018
Jul 2048
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$153,715
$244,285
61%
39%
$1,099/mo
