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$235,000

NAL Estimated Property Value

500 Madelaine Dr, Gilmer, TX, 75644

$235,172 ARVInfo
Off MarketInfo
Beds3 Beds
Baths1,910 Sq Ft
price_per_sqft$122.77 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesGas Oven, Gas Water Heater, Electric Cooktop
FlooringVinyl

Exterior

Lot Size18,069 sqft

Building Information

Year Built1962
Garage Spaces2

Land Information

APN615
Lot Number71
Land UseResidential
Legal DescriptionLOT 71, PATTERSON SUBD. S300 (A200) .4148 ACRES & HOUSE
Census Tract950400
Assessed Land Value$29,630
Assessed Improvement Value$171,470
Assessment Year2025

About this property

Looking for something move-in ready, check out this 3/2/2 home in Gilmer ISD! Home offers lots of space, including a bonus living room that could be used for a Game room or Office! Updates include painting, floors, and much more! Covered back patio to enjoy your coffee in the mornings! Fenced in backyard with storage building to store lawn supplies, tools, or toys. Great location that's close to schools, healthcare, and shopping. You don't want to miss this one! Call to set your appointment up today.

Investor Tools

Property Icon
$235,000
Estimated Property Value
$84,083Estimated Mortgage Balance
$150,917Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$235,172
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,410 /month
Positive
Cash Flow Estimate:
$470 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$271/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,074
$201,100
2025
$29,630
$171,470
$201,100
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,074
$201,100

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Fha
$107,908
Yes
First
Feb 5, 2016
Mar 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$84,083
$150,917
64%
36%
$0/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.

Explore Texas Explore This Area
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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500 Madelaine Dr | Property Details | No Agent List