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$247,000

NAL Estimated Property Value

2428 Fm 999, Gary, TX, 75643

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,048 Sq Ft
price_per_sqft$114.75 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Microwave, Gas Water Heater
FlooringVinyl

Exterior

Lot Size2 acres

Building Information

Year Built1920
Garage Spaces2

Land Information

APN103
Lot Number1,2
Land UseResidential
Legal DescriptionAB 432 E MORRIS BLK B LTS 1,2
Census Tract950600
Assessed Land Value$33,590
Assessed Improvement Value$212,610
Assessment Year2025

About this property

Own a Piece of History: Restored 1920 Sears and Roebuck Home in Gary, Texas. Step into history with this beautifully restored 1920 Sears and Roebuck home, delivered by train to the quaint community of Gary, Texas to its original owners. Located within walking distance of the highly regarded Gary school district, this timeless property is ready to welcome its new owners. Key Features: * Fully Restored & Move-In Ready – This home has been meticulously restored from floor to ceiling, reviving its early 20th-century appeal while incorporating modern conveniences for today's lifestyle. * Thoughtful Upgrades – New, plush carpet in the bedrooms, stylish vinyl plank flooring throughout the main living areas, eco-friendly bamboo countertops with a matching island, and an accessible walk-in pantry create a perfect blend of comfort and functionality. Recessed lighting illuminates the space, while a new air conditioning system, installed in 2022, and updated gas pipes add safety and efficiency to ensure year-round comfort and peace of mind. * Ample Closet and Storage Space with Shelving – Well-organized closets throughout the home provide plenty of storage with built-in shelves to maximize space. The laundry room is generously sized and offers practical and convenient storage space. * Preserved Historic Features – Original wood ceilings, doors, and shiplap walls have been carefully restored, stained, and repainted, maintaining the home’s authentic character. * Expansive 2 Acres with Outdoor Living Space – Enjoy the outdoors with plenty of room for recreation, gardening, or family gatherings. The spacious back porch with a pergola offers a serene spot for relaxation and entertaining. * Abundant Wildlife – Enjoy regular visits from deer, foxes, bobcats, roadrunners, and a variety of birds, making this property ideal for nature enthusiasts. * Convenient Location – Experience the peace and quiet of rural living, yet enjoy a couple of small stores nearby for a quick bite, snacks, and essentials. It is located 9 miles from the loop of Carthage and 5 1/2 miles from the Lake Murvaul Marina. This home is an incredible opportunity to own a beautiful piece of history while making your own memories. If you're seeking a blend of historical charm, modern convenience, and captivating aesthetics, this property is truly a rare gem that has it all.

Investor Tools

Property Icon
$247,000
Estimated Property Value
$240,097Estimated Mortgage Balance
$6,903Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,482 /month
Positive
Cash Flow Estimate:
$494 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$181/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$937
$246,200
2025
$33,590
$212,610
$246,200
No

Tax History

Year
Tax Paid
Assessed Value
2022
$937
$246,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Va
$244,400
Yes
First
May 5, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$240,097
$6,903
2%
97%
$1,466/mo

City: Gary

2428 Fm 999 | Property Details | No Agent List