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$330,270

308 S Montgomery, Gilmer, TX, 75645

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,300 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$99.7 / sqft
Year BuiltBuilt in 1901

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Gas Water Heater, Electric Water Heater
FlooringHardwood, Tile

Exterior

Exterior FeaturesBalcony
Lot Size18,382 sqft

Building Information

Year Built1901
Garage Spaces4

Land Information

APN44146
Lot Number5
Land UseResidential
Legal DescriptionLOT 5 EPT, BLK 64 OLD TOWN (GILMER) S279 (A3,A200) .422 ACRES & HOUSE
Census Tract950400
Assessed Land Value$29,960
Assessed Improvement Value$300,310
Assessment Year2025

About this property

Set along one of Gilmer’s most storied streets, this 1901 Folk Victorian stands as one of the town’s oldest surviving homes,...a rare testament to enduring craftsmanship and thoughtful design. From the welcoming front porch to some of the original woodwork and hardwood floors, the home reflects a time when architecture was intentional, materials were chosen to last, and homes were built with pride. Original character remains throughout, including high ceilings, wood floors, a unique built in aquarium, and period architectural details, while carefully selected updates such as a newer roof and refreshed flooring that has upheld the home’s historic integrity. Many of the other updates include lighting, fresh paint, and new gutters. The layout offers generous living spaces filled with natural light, creating a warm and inviting atmosphere that feels both timeless and livable. Adding to the home’s rich story, it is said that the upper level once served as a dance floor, with live music played from what is now part of the expansive primary suite with a balcony, an evocative reminder of the gatherings and celebrations this home has hosted over the generations. Located on Montgomery Street in Old Town Gilmer, this property offers a rare opportunity to own a true piece of local history. Well preserved, thoughtfully maintained, and ready for its next chapter. A home that has witnessed generations, and still stands with grace. Opportunities like this are rare. Let this home tell you its story in person. Schedule your private showing. At this price, it will go fast! Note: Owner had house professionally measured at 3363 sq. ft. Upshur CAD is incorrect.

Investor Tools

Property Icon
$330,270
Estimated Property Value
$0Estimated Mortgage Balance
$60,140Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,982 /month
Positive
Cash Flow Estimate:
$661 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$537/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,789
$330,270
2025
$29,960
$300,310
$330,270
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,789
$330,270

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texana Bank Na
Conventional
$279,300
No
First
Jul 17, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$270,130
$60,140
18%
82%
$1,675/mo

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: Gilmer

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308 S Montgomery | Property Details | No Agent List