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$375,000

1272 Binion Road, Gilmer, TX, 75644

PendingInfo
Beds Beds
Baths Bath
Baths5,656 Sq Ft
Year BuiltBuilt in 2000

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

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

UNRESTRICTED 54-ACRE IN EAST TEXAS WITH IMPROVEMENTS - THIS IS A DEAL! This property is on Binion's dead-end road. The 54 acres have a portion of the property cleared, and utilities connected to the shop-house and the wood siding house. The shop-house is approximately 1200 SF heated and cooled, and the unfinished wood siding home is approx 2594 SF. 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.

Investor Tools

$83,359Estimated Mortgage Balance
$1,222,641Estimated Equity
93% 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
$83,359
$1,222,641
93%
6%
$570/mo

City: Gilmer

1272 Binion Road | Property Details | No Agent List