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$143,110

1607 Fm 1639, Kilgore, TX, 75662

$186,043 ARVInfo
Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,422 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$80.87 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesGas Water Heater

Exterior

Lot Size1.19 acres

Building Information

Year Built1951
Stories1
Roof Type109
Garage Spaces2

Land Information

APN0229011900-007-00-04
SubdivisionJohnson Wm H Sur
Land UseResidential
Legal DescriptionAB 119 W H JOHNSON SUR TRS 6-03 & 7
Census Tract010401
Assessed Land Value$43,390
Assessed Improvement Value$99,720
Assessment Year2025

About this property

This adorable wood-frame cottage sits on a spacious corner lot of just over an acre, offering both charm and potential. Featuring two bedrooms, one bathroom, and two living areas, this home provides a versatile layout perfect for comfortable living. Inside, you’ll find original wood floors that bring warmth and character to the space, while outside, a detached garage/shop offers plenty of room for hobbies, storage, or projects. Conveniently located right outside the new Cedar Ridge subdivision, this property is close to growing amenities while still providing a quiet, country feel. Whether you’re looking for a great fixer-upper to make your own or a starter home with space to grow, this cottage is a fantastic opportunity.

Investor Tools

Property Icon
$143,110
Estimated Property Value
$0Estimated Mortgage Balance
$143,110Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$186,043
Rent-to-Value Ratio: 0.72%
Rent Estimate
$859 /month
Positive
Cash Flow Estimate:
$286 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$228/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,021
$143,110
2025
$43,390
$99,720
$143,110
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,021
$143,110

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$143,110
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,133/mo
N/A
+$1,133/mo
9.5%

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: Kilgore

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1607 Fm 1639 | Property Details | No Agent List