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$449,000

503 Madelaine Dr, Gilmer, TX, 75644

$583,700 ARVInfo
PendingInfo
Beds5 Beds
Baths5 Bath
Baths3,566 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$125.91 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

ARV FlipAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5Bathrooms Full 5
AppliancesDishwasher, Microwave, Electric Water Heater
FlooringTile

Exterior

Private PoolPrivate Pool
Lot Size1.26 acres

Building Information

Year Built1995
Garage Spaces2

Land Information

APN64000
Land UseResidential
Legal DescriptionABS A200 HEREFORD, WILLIAM H,TRACT 173, 1.26 ACRES & HOUSE
Census Tract950400
Assessed Land Value$32,930
Assessed Improvement Value$445,620
Assessment Year2025

About this property

Welcome to Your Dream Home! From the moment you arrive, this gem invites you inside. A 2023-installed roof ensures long-lasting durability, while the Spider Be Gone system eliminates spider concerns—no creepy crawlers here! Step into crystal-clear sound—this home boasts a Bose stereo system with speakers strategically placed in the garage, outside, and even in the private Mother-in-Law suite. A versatile bonus room upstairs awaits—perfect as a home office, creative space, 6th bedroom or cozy retreat. Summer days come to life with the Doughboy Summerville 18' above-ground pool, complete with a silica sand filter and robust pump—all set within 48? walls for added depth and convenience. Practical meets functional in the garage: it fits one vehicle and includes a workshop area with adjustable shelving, plus a two-car carport for extra parking or storage. Guests and multigenerational family will appreciate the Mother-in-Law suite, featuring its own private entrance. The main living suite stays separate, ensuring both intimacy and independence. In the main bathroom, dual vanities, walk-in closets, and a deep soaking tub create a spa-like retreat—ideal for unwinding at day’s end. The home’s split floor plan and enduring classic design enhance both comfort and flow, blending timeless appeal with practical layout. Thoughtful design: living spaces clearly defined to suit multiple lifestyles and preferences Tailored amenities: from entertainment to privacy, every detail is intentional. A Rare Opportunity This move-in-ready home stands out with its flexible spaces, and private suite—all set against a backdrop of classic charm. Whether you're growing your family, hosting long-term guests, or seeking a peaceful retreat, you'll find it here. Schedule a showing today and picture yourself enjoying life on Madelaine. Don’t miss this one-of-a-kind opportunity! RECENTLY APPRAISED AT $487,000

Investor Tools

Property Icon
$478,550
Estimated Property Value
$365,250Estimated Mortgage Balance
$119,186Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$583,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,871 /month
Positive
Cash Flow Estimate:
$957 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$919/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,638
$478,550
2025
$32,930
$445,620
$478,550
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,638
$478,550

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Van Dyk Mortgage Corp
Conventional
$365,250
No
First
Jun 9, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$359,364
$119,186
24%
75%
$2,190/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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