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$62,500

4074 Fm 593, Gilmer, TX, 75644

$81,250 ARVInfo
PendingInfo
Baths0 Bath
Baths1,248 Sq Ft
Year BuiltBuilt in 1954

Property Lead Type:

ARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size75 acres

Building Information

Year Built1954

Land Information

APN4037
Land UseResidential
Legal DescriptionABS A123 DONAHO, WILSON,TRACT 9, 75.0 ACRES & HOUSE
Census Tract950200
Assessment Year2025

About this property

Discover your slice of East Texas Paradise! 5 Acres located on FM 593 in Gilmer ISD. This partially fenced property is heavily wooded, offering privacy, natural beauty and several picturesque building sites for your dream home. Whether you're looking to build now or invest for the future, this land is ready with rural electric service already available and both a water well and access to community water. Enjoy the peace and quiet of country living while still being a short drive from town amenities. Don't miss this opportunity to own a piece of Texas land with all the right features!

Investor Tools

$48,709Estimated Mortgage Balance
$388,001Estimated Equity
88% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$81,250
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,620 /month
Positive
Cash Flow Estimate:
$873 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$209/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$322
$436,710
2025
N/A
N/A
$447,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$322
$436,710

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Altra Fcu
Conventional
$49,432
No
First
Jul 28, 2025
Aug 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$48,709
$388,001
88%
11%
$297/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.

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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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