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$139,000

NAL Estimated Property Value

145 Newsome RD, Gilmer, TX, 75644

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths576 Sq Ft
price_per_sqft$243.06 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1

Exterior

Lot Size1.68 acres

Building Information

Year Built2021

Land Information

APN52099
Land UseResidential
Legal DescriptionABS A1 DAVENPORT, J B B,TRACT 115, 1.68 ACRES & HOUSE
Census Tract950302
Assessed Land Value$46,720
Assessed Improvement Value$91,710
Assessment Year2025

About this property

The Ultimate Flex Property: Investment Gem, Starter Home, or Dream Getaway! This charming 1-bedroom, 1-bathroom tiny home, perched on 1.68 acres with breathtaking hilltop views, offers endless possibilities. For the investor, it is a proven income generator, previously commanding $80–$100 per night as a successful short-term rental with high monthly occupancy. For the first-time buyer, it serves as a perfect, low-maintenance starter home on a beautiful piece of land. Or, use it as your own private weekend retreat for family and loved ones to escape the city hustle. Built in 2021, the home features modern efficiencies like a tankless water heater and a serene covered porch designed for soaking in the scenery. Whether you’re looking for high-yield potential or a place to call your own, this property delivers the "simple life" in a big way!

Investor Tools

Property Icon
$139,000
Estimated Property Value
$98,515Estimated Mortgage Balance
$40,485Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$840 /month
Positive
Cash Flow Estimate:
$280 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$233/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,096
$138,430
2025
$46,720
$91,710
$138,430
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,096
$138,430

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southside Bank
Unknown
$98,800
No
First
Mar 13, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$98,515
$40,485
29%
71%
$593/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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