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$279,900

$299,900

1214 W George Richey Rd, Gladewater, TX, 75647

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths2,533 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$110.5 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

BankruptcyPre-ForeclosureMust-SellHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Water Heater

Exterior

Lot Size41,299 sqft

Building Information

Year Built1974
Stories1
Roof Type109
Garage Spaces2

Land Information

APN2990000000-095-00-01
Lot Number95
SubdivisionHancock
Land UseResidential
Legal DescriptionLT 95 HANCOCK
Census Tract010202
Assessed Land Value$34,590
Assessed Improvement Value$276,610
Assessment Year2025

About this property

Wow! Check out this incredible opportunity to own right at 3 acres in the beautiful Piney Woods of East Texas. This well-maintained brick home offers all the space your family could need, featuring four oversized bedrooms, two bathrooms, an attached carport, and a detached garage. Inside, you’ll find a spacious and versatile layout, including a large formal living area that can easily serve as a game room, media space, or additional living area. Fresh paint and new carpet throughout enhances the home’s clean feel. The cozy kitchen includes a breakfast bar and opens to a generous utility room with ample storage. The den is anchored by a substantial brick wood-burning fireplace, designed to efficiently warm much of the home during cooler months. Additional exterior features include a separate workroom off the carport and an extra covered area ideal for a small vehicle or lawn equipment. Surrounded by mature trees, the property offers privacy, shade, and plenty of room for outdoor entertaining or quiet enjoyment. A new roof was installed in October 2021, adding to the home’s value and peace of mind. This property combines space, functionality, and the charm of country living—ready to welcome you home.

Investor Tools

Property Icon
$317,000
Estimated Property Value
$273,600Estimated Mortgage Balance
$64,345Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,902 /month
Positive
Cash Flow Estimate:
$634 /month

Interested in this property?

Jennifer Phillips

Texas Lane Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$316/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,206
$311,200
2025
$34,590
$276,610
$311,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,206
$311,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Caliber Home Loans Inc
Conventional
$273,600
No
First
Jun 15, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$253,579
$68,421
21%
80%
$1,641/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,530/mo
$1,641/mo
$-111/mo
5.8%

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: Gladewater

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