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Days21Days on Market
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$499,000

$510,000

1776 Mustang Rd, Gilmer, TX, 75645

On MarketInfo
Price DropInfo
Beds4 Beds
Baths2 Bath
Baths2,367 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$210.82 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Oven, Refrigerator, Gas Cooktop, Microwave, Range, Disposal, Gas Water Heater
FlooringTile, Vinyl

Exterior

Lot Size7.13 acres

Building Information

Year Built2008
Garage Spaces2

Land Information

APN65028721
Lot Number6
Land UseResidential
Legal DescriptionLOT 6 PT, BLK 1 UNION MOUNTAIN SUBD S352 (A169,A1) 7.13 ACRES (+.45 AC IN RD) & HOUSE
Census Tract950501
Assessed Land Value$53,150
Assessed Improvement Value$378,100
Assessment Year2025

About this property

MOTIVATED SELLER!! Nestled on approximately 7.58 acres, this stunning country retreat offers the perfect blend of elegance, comfort, and East Texas charm. The home features an inviting open-concept design with soaring ceilings, abundant natural light, and thoughtfully crafted finishes throughout. The spacious living area serves as the heart of the home, showcasing expansive windows and ampleroom for entertaining or relaxing with family. The gourmet kitchen is beautifully appointed with custom white cabinetry, generous prep space, and an oversized breakfast bar perfect for gatherings or casual dining. The flexible floor plan offers both functionality and privacy. The primary suite is conveniently located downstairs and provides a peaceful escape with spacious accommodations and a spa-like atmosphere. Also on the main level are a formal dining room, utility room, and a room that can be a guest room or office, ideal for remote work. An additional downstairs living/media room creates the perfect space for movie nights or game days. Upstairs, you’ll find two generously sized bedrooms and separate bath providing comfortable accommodations for family or guests. Step outside to experience true country living at its finest. Expansive covered front and back porches invite you to enjoy morning coffee, evening sunsets, and peaceful views in every direction. The workshop offers exceptional storage and workspace for projects, equipment, or recreational vehicles. The pond enhances the property’s natural beauty providing outdoor enjoyment right in your own backyard. With room to roam, entertain, garden, raise chickens, or simply unwind, this remarkable property combines modern conveniences with serene rural living just minutes from Gilmer and Gladewater. Rarely does a home offer this level of privacy, acreage, versatility, and custom craftsmanship in such a beautiful East Texas setting.

Investor Tools

$307,435Estimated Mortgage Balance
$205,829Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,072 /month
Positive
Cash Flow Estimate:
$1,024 /month

Interested in this property?

Heather Kelly

Ember Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$640/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,125
$431,250
2025
$53,150
$378,100
$431,250
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,125
$431,250

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Academy Mortgage Corp
Conventional
$346,750
No
First
Jul 14, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$307,435
$183,565
37%
60%
$2,079/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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1776 Mustang Rd | Property Details | No Agent List