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$366,000

NAL Estimated Property Value

189 FM 555, Gilmer, TX, 75644

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,820 Sq Ft
price_per_sqft$192.25 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 2Bathrooms Half 2
AppliancesElectric Range, Refrigerator

Exterior

Lot Size9.40 acres

Building Information

Year Built1970

Land Information

APN1194
Lot Number20
Land UseResidential
Legal DescriptionLOT 20 MPT, BLK 2 PINEVIEW ADDN S307 (A2) 9.397 ACRES & HOUSE
Census Tract950301
Assessed Land Value$110,570
Assessed Improvement Value$186,300
Assessment Year2025

About this property

Acreage, updates, and classic East Texas character come together in this cedar-sided ranch-style home located just outside Gilmer in Gilmer ISD. Sitting on 9.379 elevated acres, this 2 bedroom, 2 bathroom property offers room to spread out while remaining convenient to town. The exterior of both the home and attached shop has been recently repainted, giving the property a refreshed, move-in-ready appearance. Brand-new front and back porches expand outdoor living options and feature new lighting that complements the home’s character. The expansive front porch extends to the primary bedroom, providing direct porch access from the master suite—an inviting spot to start your day with a cup of coffee. Inside, the open-concept layout creates an easy, functional flow. The spacious living area is filled with natural light and centered around a wood-burning fireplace with insert. Both bedrooms are generously sized with walk-in closets, while a large hallway closet with built-in shelving adds convenient storage. Major systems have already been updated, including dual HVAC units replaced in February 2022, a roof approximately two years old, and a septic system installed in August 2015. The attached workshop features a concrete floor, electric service, three sliding doors, and ample built-in shelving, making it well-suited for storage, equipment, or projects. The partially wooded acreage provides a flexible mix of open space and shaded areas with room for a variety of uses. Whether you’re downsizing, creating a small homestead, or simply looking for a home with acreage in East Texas, this home offers space, updates, and opportunity.

Investor Tools

Property Icon
$366,000
Estimated Property Value
$0Estimated Mortgage Balance
$366,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,196 /month
Positive
Cash Flow Estimate:
$732 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$178/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$310
$296,870
2025
$110,570
$186,300
$296,870
No

Tax History

Year
Tax Paid
Assessed Value
2025
$310
$296,870

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$366,000
100%
0%
$0/mo

City: Gilmer

189 FM 555 | Property Details | No Agent List