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$302,000

NAL Estimated Property Value

15163 Jack Gibbs Rd, Willis, TX, 77378

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,120 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$200.89 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesDishwasher
FlooringCarpet, Vinyl

Exterior

Lot Size5 acres

Building Information

Year Built1993
Stories1
Roof Type105
Garage Spaces1

Land Information

APN0015-01-02134
Lot Number34
SubdivisionDe La Garza
Land UseResidential
Legal DescriptionA0015 DE LA GARZA, TRACT 21 LOT 34, ACRES 5.000
Census Tract694107
Assessed Land Value$125,000
Assessed Improvement Value$104,748
Assessment Year2025

About this property

Investor opportunity in Willis! Situated on approximately 5 unrestricted acres, this property offers flexibility for an acreage buyer, builder/developer, rehab investor, or rural residential use. The property includes an existing approximately 1,120 sq. ft. residence with 2 bedrooms and 1 bath, plus an existing septic system reportedly serviced about six months ago. Home is being sold AS-IS and needs substantial interior cleanout/rehab, offering potential for renovation, redevelopment, or future subdivision subject to buyer verification. No survey is currently available. Conveniently located near Willis with access to FM 1097 and I-45, putting shopping, dining, and everyday amenities within easy reach. Schedule a walkthrough and explore the possibilities!

Investor Tools

Property Icon
$302,000
Estimated Property Value
$46,915Estimated Mortgage Balance
$255,085Estimated Equity
84% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,812 /month
Positive
Cash Flow Estimate:
$604 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$170/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$533
$187,804
2025
$125,000
$104,748
$229,748
No

Tax History

Year
Tax Paid
Assessed Value
2025
$533
$187,804

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mit Lending
Fannie Mae/Freddie Mac (Phased Out Keying In 2008 Because Fannie Mae Does Not Originate Loans Directly To Borrowers Or Investors. Most "New Conventional" Loans Meet Their General Underwriting Guidelines.)
$84,480
No
First
May 20, 2005
Jun 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$46,915
$255,085
84%
16%
$632/mo

City: Willis

15163 Jack Gibbs Rd | Property Details | No Agent List