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$189,900

509 Park St, Gilmer, TX, 75644

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,060 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$92.18 / sqft
Year BuiltBuilt in 1948

About this property

Conveniently located just off North Montgomery, this inviting 3-bedroom, 2-bath home offers comfort, character, and an unbeatable location just minutes from historic downtown Gilmer. Featuring two spacious living areas, there's plenty of room for relaxing, entertaining, or creating the perfect home office or playroom. Surrounded by mature shade trees, the property provides a peaceful setting while remaining close to shopping, dining, and local amenities. The manageable yard offers easy maintenance, and 3-car carport with additional storage provides ample space for vehicles, tools, and outdoor equipment. With easy access to the award-winning Gilmer High School, this home is an excellent opportunity for anyone looking to enjoy convenience, functionality, and small-town charm in one desirable location.

Investor Tools

$0Estimated Mortgage Balance
$257,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,542 /month
Positive
Cash Flow Estimate:
$514 /month

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Victoria Wolfe

Texas Real Estate Executives

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$327/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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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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509 Park St | Property Details | No Agent List