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$153,000

NAL Estimated Property Value

1742 FM 1844, Gilmer, TX, 75644

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths837 Sq Ft
price_per_sqft$185.07 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesElectric Water Heater
FlooringVinyl

Exterior

Lot Size16,379 sqft

Building Information

Year Built1975
Garage Spaces2

Land Information

APN5444
Land UseResidential
Legal DescriptionABS A657 HOOPER, G W,TRACT 70, .376 ACRES & HOUSE
Census Tract950700
Assessed Land Value$15,540
Assessed Improvement Value$75,230
Assessment Year2025

About this property

Great Investment property!! Located in the peaceful East Mountain area, this updated 2-bedroom, 1-bath home features new flooring and fresh paint throughout. Sitting on 1.88 acres, it offers privacy with convenient access to Longview for shopping, schools, and hospitals. Located within Gilmer ISD. Home sits on app .376 Acre +-, connected lot sits on app 1.504 Acre +- totaling app 1.88 acres with endless possibilities! Set up your showing today!

Investor Tools

Property Icon
$153,000
Estimated Property Value
$14,819Estimated Mortgage Balance
$138,181Estimated Equity
90% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$929 /month
Positive
Cash Flow Estimate:
$310 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$188/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,494
$90,770
2025
$15,540
$75,230
$90,770
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,494
$90,770

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
East Texas Professional Cu
Credit Line (Revolving) / Heloc
$33,500
No
First
Aug 10, 2005
Aug 2015

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$14,819
$138,181
90%
10%
$201/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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1742 FM 1844 | Property Details | No Agent List