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$1,306,000

1272 Binion Rd., Gilmer, TX, 75645

Off MarketInfo
Baths0 Bath
Baths5,656 Sq Ft

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size53.60 acres

Land Information

APN13927
Land UseResidential
Legal DescriptionABS A95 CAMPBELL, THOMAS L,TRACT 4, 53.598 ACRES & A197 S HAZEL & MTL SHOP/ HOUSE
Census Tract950302
Assessed Land Value$391,270
Assessed Improvement Value$99,850
Assessment Year2025

About this property

NEW PRICE!!! OPPORTUNITY AWAITS YOU ON THIS UNRESTRICTED APPROX. 54 ACRES SOUTH OF GILMER, TX. This property is located on Binion Rd's dead end. The 54 acres have a portion of the property cleared and utilities connected to the shop/house and the unfinished wood siding home. There are 3 septic systems, one of which was for a previous mobile home location near the front entrance, and the other 2 septic systems serve the shop/house and the wood frame house. You will see some cross pipe fencing for large animal use on the East side of the property. There are lots of remaining materials on site to help with any further improvements. The wooded area has hardwoods, and there is a creek that runs through the property near the woods. This is a place where possibilities and your imagination can become reality in East Texas. Call Today!

Investor Tools

Property Icon
$1,306,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,222,291Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,836 /month
Positive
Cash Flow Estimate:
$2,612 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$627/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$993
$491,120
2025
$391,270
$99,850
$491,120
No

Tax History

Year
Tax Paid
Assessed Value
2025
$993
$491,120

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Spring Hill State Bank
Conventional
$95,000
No
First
Apr 27, 2020
May 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$83,709
$1,222,291
93%
6%
$570/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.

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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: Gilmer

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