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Days47Days on Market
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$440,000

$450,000

140 PR 1150, Gilmer, TX, 75645

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,850 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$237.84 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Microwave, Electric Water Heater
FlooringTile

Exterior

Lot Size1.01 acres

Building Information

Year Built1958
Garage Spaces2

Land Information

APN939
Land UseResidential
Legal DescriptionABS A264 KING, WILLIAM,TRACT 50, 1.01 ACRES & HOUSE
Census Tract950700
Assessed Land Value$54,450
Assessed Improvement Value$74,290
Assessment Year2025

About this property

Beautifully maintained 3 bedroom, 2 bathroom home built in 2018, situated on just over 2 acres in Gilmer, Texas. The property features a large shop with a lean to, ideal for storing a boat or camper, along with a 30 amp hookup for added convenience. ETEX fiber internet is available, and the home is equipped with a water softening system. Offering approximately 1,850 square feet, this home showcases quality finishes throughout with tall ceilings, crown molding, and durable flooring designed for both style and function. The open concept living area is anchored by a wood burning fireplace, creating a warm and inviting focal point. The kitchen is thoughtfully designed with granite countertops, custom cabinetry, stainless steel appliances, and a large island with bar seating, perfect for entertaining. The adjoining dining area provides ample space for gatherings and everyday living. The primary suite offers a private retreat with a spa inspired bathroom featuring dual vanities, a soaking tub, and a separate walk in shower. Additional interior features include upgraded fixtures, neutral designer color palette, and a split bedroom layout that enhances privacy and functionality. Secondary bedrooms are well sized and versatile for guests, office space, or hobbies. Outside, enjoy wide open acreage with room for recreation, animals, or outdoor living. Complete with a 2 car garage and modern construction, this property offers comfort, functionality, and country living just a short drive from town.

Investor Tools

Property Icon
$190,000
Estimated Property Value
$0Estimated Mortgage Balance
$190,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,640 /month
Positive
Cash Flow Estimate:
$880 /month

Interested in this property?

Janti Patel

Ramsey Realty Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$109/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$359
$128,740
2025
$54,450
$74,290
$128,740
No

Tax History

Year
Tax Paid
Assessed Value
2025
$359
$128,740

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$190,000
100%
0%
$0/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: Gilmer

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140 PR 1150 | Property Details | No Agent List