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$614,000

NAL Estimated Property Value

4350 Fm 1650, Gilmer, TX, 75645

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,792 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$232.77 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 4Bathrooms 4
AppliancesDishwasher, Electric Oven, Electric Water Heater

Exterior

Lot Size7.01 acres

Building Information

Year Built2006
Garage Spaces2

Land Information

APN77331
Lot Number11
Land UseResidential
Legal DescriptionLOT 11, BLK PH 1 BARTON SPRINGS ESTATES S405 (A2) 7.01 ACRES & HOUSE
Census Tract950301
Assessed Land Value$63,800
Assessed Improvement Value$408,710
Assessment Year2025

About this property

Welcome to this truly spectacular custom waterfront home on a private spring-fed lake between Gilmer and Diana, just 20 minutes from Longview. This iconic home, situated on a 7-acre waterfront lot, is a unique gem in East Texas with its stunning lake views and rock exterior. The moment you open the impressive 8-foot front door, you are greeted with expansive lake views, a cathedral ceiling, wood beams, timber framing, stained concrete floors, and double French doors that overlook the lake. This 2,792 sq. ft open-concept, split-bedroom layout features 4 bedrooms and 3.5 bathrooms, a dedicated office with built-ins, a formal dining room, a bonus area upstairs, and a heated / cooled garage studio space. The kitchen features a double oven, propane gas cooktop, granite, custom cabinets, and breakfast nook with beautiful lake views. The primary bedroom features an en suite bathroom with shower and separate jetted tub, a long vanity with dual sinks, and a HUGE walk-in closet with make-up vanity. On the opposite side of the home are 2 large bedrooms with a jack-and-jill bathroom, a laundry room with side entrance, and stairs to the second level, where you’ll find a huge bonus room that could be used as a 4th bedroom, with its own full bath, walk-in shower, and wood flooring. The home features a ROCK exterior, STANDING SEAM METAL ROOF, matching detached 4-car garage / with finished climate-controlled SHOP, expansive front porch, inset back patio, long winding driveway, lots of parking, and 2 NEW HVAC units in the house (March 2025). The separate 4-bay garage offers parking for 2 vehicles, PLUS two of the bays are finished-out, and is heated / cooled with a NEW mini-split (March 2025), and features a half bath – perfect for a workshop, office, game room, gym, man cave, theater room, music studio, in-law suite, etc. If you’re looking for a 3-car garage, the garage door on the finished-out space can be converted back to a regular garage door and you can park your vehicle in a climate-controlled space! Outside, in addition to your own waterfront access to the private Barton Springs Lake, you’ll find a large pipe-fenced corral, a separate fenced area for pets, extensive landscaping, mature trees, plenty of room for gardening or adding a swimming pool, room for RV parking, and a long winding asphalt driveway with ample room to park. This lakefront home is located within the Gilmer school district and is part of Barton Springs Estates with low annual HOA association fees (currently $260/year). The home features county water, an aerobic septic, the option for high-speed FIBER internet, and impressive lake views where you can see spectacular sunsets, herons, ducks, geese, bald eagles and even migrating flocks of pelicans! Spend your downtime fishing, bird watching, row boating, paddle boarding, or kayaking – all right in your own backyard! What a rare find!

Investor Tools

Property Icon
$614,000
Estimated Property Value
$72,493Estimated Mortgage Balance
$541,507Estimated Equity
88% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,899 /month
Positive
Cash Flow Estimate:
$1,300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$703/month
$260/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,366
$472,510
2025
$63,800
$408,710
$472,510
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,366
$472,510

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Regions Bank
Conventional
$152,700
No
First
Jun 22, 2006
Jul 2021

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$72,493
$541,507
88%
12%
$0/mo

City: Gilmer

4350 Fm 1650 | Property Details | No Agent List