$126,000
NAL Estimated Property Value509 Clark Street, Gilmer, TX, 75644
$163,800 ARV
Off Market
Property Lead Type:
Off-Market ListDeal ListAbsentee OwnerHigh EquityVacant Homes
Highlights
Interior
AppliancesElectric Oven, Electric Range
FlooringVinyl
Exterior
Lot Size7,501 sqft
Land Information
APN4341
Lot Number5
Land UseResidential
Legal DescriptionLOT 5, BLK 92 NEWSOME S266 (A3) .1722 ACRES & HOUSE
Census Tract950400
Assessed Land Value$13,880
Assessed Improvement Value$60,560
Assessment Year2025
About this property
This well-maintained two bedroom, one bath home is tucked just off south Montgomery in the heart of historic Gilmer currently used as a rental, it offers both charm and modern updates, making it a great investment or cozy personal home. Inside, you’ll find contemporary colors, open living spaces, and a stylish kitchen with concrete countertops. Outside, enjoy a spacious backyard, perfect for relaxing, or entertaining. Conveniently located, close to downtown, shopping, and local amenities
Investor Tools
$126,000
Estimated Property Value
$13,780Estimated Mortgage Balance
$112,220Estimated Equity
89% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$163,800
Rent-to-Value Ratio: 0.72%
Rent Estimate
$756 /month
Positive
Cash Flow Estimate:
$252 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$174/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,459
$74,440
2025
$13,880
$60,560
$74,440
Yes (2022)
Tax History
Year
Tax Paid
Assessed Value
2025
$1,459
$74,440
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Austin Bank Texas Na
Open End Mortgage / Open End With Future Advance Clause
$25,000
No
First
Jul 2, 2008
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$13,780
$112,220
89%
11%
$150/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,009/mo
$150/mo
+$859/mo
9.6%
