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Days195Days on Market
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$305,000

206 E Gilmer St, Rice, TX, 75155

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,800 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.44 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave

Exterior

Lot Size5,750 sqft

Building Information

Year Built2024
Stories1
Garage Spaces2

Land Information

APN42751
SubdivisionFortson Thompson
Land UseResidential
Legal DescriptionF0450 FORTSON THOMPSON BLK 2 LOT E 46' OF 16,17,18,19,&20 (REPLAT OF LOT C) .132 ACRES
Census Tract970100
Assessed Land Value$8,450
Assessed Improvement Value$314,580
Assessment Year2025

About this property

OPEN HOUSE 8--4 to 8-10 10AM-2PM, NOW OFFERING SELLER FINANCING! Contact the agent for more details. Experience comfort, style, and ease in this beautifully new 3-bedroom, 2-bath home in the charming town of Rice. Designed for modern living, it features a bright, open floor plan perfect for both relaxing and entertaining. The kitchen boasts sleek countertops and plenty of cabinet space, ideal for everyday cooking or hosting guests. The spacious primary suite includes a private ensuite bathroom and walk-in closet, while two additional bedrooms provide flexibility for a guest room or home office. Built with energy efficiency and low-maintenance living in mind, this home offers all the perks of new construction without the wait. Enjoy the generous backyard—perfect for outdoor fun, gardening, or peaceful evenings under the Texas sky. Conveniently located just minutes from I-45, commuting to nearby cities is easy while still enjoying the tranquility of small-town life.

Investor Tools

$178,352Estimated Mortgage Balance
$144,967Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,938 /month
Positive
Cash Flow Estimate:
$646 /month

Interested in this property?

Nicole Jackson

Real Broker, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$149/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$179
$323,030
2025
$8,450
$314,580
$323,030
No

Tax History

Year
Tax Paid
Assessed Value
2024
$179
$323,030

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Strata Trust Company Custodian Fbo Ronal
Credit Line (Revolving) / Heloc
$185,000
No
First
May 23, 2024
May 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$178,352
$144,678
44%
55%
$1,110/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Rice

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206 E Gilmer St | Property Details | No Agent List