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$170,000

203 W Butler Street, Gilmer, TX, 75644

$221,000 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,986 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$45.27 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListDeal ListARV FlipAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesNone
FlooringOther

Exterior

Lot Size20,447 sqft

Land Information

APN1404
Lot Number1
Land UseResidential
Legal DescriptionLOT 1, BLK 67 OLD TOWN (GILMER) S279 (A3,A200) .4694 ACRES & HOUSE
Census Tract950400
Assessed Land Value$38,096
Assessed Improvement Value$131,904
Assessment Year2025

About this property

Great investment property for Flip House, rental or starter home. 1986 square feet home with 1314 square feet on the first floor and 672 square feet on the second floor living quarters. Property sits on a .4694 lot with mature shade trees. Property is ready for a make over to make it like new again.

Investor Tools

Property Icon
$170,000
Estimated Property Value
$0Estimated Mortgage Balance
$114,954Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$221,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,020 /month
Positive
Cash Flow Estimate:
$340 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$270/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,392
$170,000
2025
$38,096
$131,904
$170,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,392
$170,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City National Bank Of Sulphur Springs
Commercial
$59,500
No
First
May 31, 2022
May 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$55,046
$114,954
67%
32%
$357/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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203 W Butler Street | Property Details | No Agent List