4view

Owner Contacts

$274,000

NAL Estimated Property Value

1593 Phillips Springs Rd, Gladewater, TX, 75647

Off Market

3 Beds

1 Bath

1,470 Sq Ft

$114.97 / sqft

Built in 1979

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Bathrooms Half 1

AppliancesDishwasher, Refrigerator, Electric Water Heater, Electric Range, Electric Oven

Exterior

Lot Size10,890 sqft

Building Information

Year Built1979

Garage Spaces2

Land Information

APN15341

Land UseResidential

Legal DescriptionABS A175 GOODWIN, WILLIAM,TRACT 8, .25 ACRES & HOUSE

Census Tract950600

Assessed Land Value$32,780

Assessed Improvement Value$150,150

Assessment Year2025

About this property

Looking for a peaceful place to call home without sacrificing convenience? Welcome to 1593 Phillips Springs Rd. Gladewater, TX! Nestled on a .25-acre corner lot just around the corner from Lake Gladewater, this 3 bedroom, 2 bathroom home offers the perfect blend of small-town charm and easy access to nearby amenities. Step inside and discover a comfortable layout ready for its new owners to make it their own. Whether you're a first-time homebuyer, looking to downsize, or searching for an investment opportunity, this property offers plenty of potential. Enjoy the quiet surroundings and relaxed atmosphere while still being just minutes from shopping, dining, and recreation. Located approximately 20 minutes from Longview and 30 minutes from Tyler, you'll have the convenience of city amenities while enjoying the slower pace of East Texas living. If you've been searching for an affordable home in a great location near the lake, this could be the one you've been waiting for. Schedule your showing today!

Investor Tools

$274,000

Estimated Property Value

$71,717Estimated Mortgage Balance

$202,283Estimated Equity

76% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,644 /month

Positive

Cash Flow Estimate:

$548 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$304/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,283

$182,930

2025

$32,780

$150,150

$182,930

Tax History

Year

Tax Paid

Assessed Value

2025

$2,283

$182,930

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Ntfn Inc

$107,257

Yes

First

Mar 8, 2012

Apr 2042

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$71,717

$232,283

76%

26%

$644/mo

Learn About the Market: Opportunity in Texas

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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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