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$284,000

232 Collins Ct, Gladewater, TX, 75647

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,496 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$210.56 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Water Heater
FlooringTile

Exterior

Lot Size42,384 sqft

Building Information

Year Built2013
Stories1
Roof Type109
Garage Spaces2

Land Information

APN1638000000-012-00-04
Lot Number12
SubdivisionCardinal Pointe
Land UseResidential
Legal DescriptionLT 12 CARDINAL POINTE
Census Tract010402
Assessed Land Value$35,940
Assessed Improvement Value$236,370
Assessment Year2025

About this property

Welcome to your dream home nestled in a serene cul-de-sac on Collins Court! This beautifully maintained 3-bedroom, 2-bathroom residence sits on an expansive almost one-acre lot, offering plenty of space for outdoor activities and relaxation. A standout feature of this property is the impressive 24x30 sq ft shop, perfect for the hobbyist or as a workspace. The shop includes: - A generous 10x24 foot porch at the front, ideal for enjoying morning coffee or evening sunsets. - A spacious 20x24 overhang at the back, providing extra storage or shaded outdoor space. - Two bay doors for easy access, making it perfect for vehicles or equipment. In addition to the shop, you’ll find two additional storage sheds on the property, ensuring you have ample space for all your tools and outdoor equipment. Step inside to discover an open-concept kitchen featuring a large island, perfect for entertaining and family gatherings. The spacious bedrooms provide a comfortable retreat, while the tile flooring, oak cabinets, and granite countertops add a touch of elegance and durability throughout the home. This property combines the best of both worlds – a peaceful suburban setting with the convenience of award-winning schools in Sabine ISD. Don't miss your opportunity to own this fantastic home with incredible features!

Investor Tools

Property Icon
$284,000
Estimated Property Value
$281,801Estimated Mortgage Balance
$0Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,890 /month
Positive
Cash Flow Estimate:
$630 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$275/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,883
$272,310
2025
$35,940
$236,370
$272,310
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,883
$272,310

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Fha
$281,801
Yes
First
Jun 20, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$299,442
N/A
0%
105%
$1,826/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,530/mo
$1,826/mo
$-296/mo
6.5%

Learn About the Market: Opportunity in Texas

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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.

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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: Gladewater

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232 Collins Ct | Property Details | No Agent List