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$97,430

513 Newsome St, Gilmer, TX, 75644

$126,659 ARVInfo
Off MarketInfo
Beds4 Beds
Baths1,568 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$61.86 / sqft
Year BuiltBuilt in 1997

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Half 2Bathrooms Half 2
AppliancesElectric Water Heater

Exterior

Lot Size24,585 sqft

Building Information

Year Built1997
Garage Spaces1

Land Information

APN40687
Lot Number28-30
Land UseResidential
Legal DescriptionLOT 28-30, BLK 92 NEWSOME S266 (A3) .5644 ACRES & M/HOME HUD# RAD0989635
Census Tract950400
Assessed Land Value$12,780
Assessed Improvement Value$84,650
Assessment Year2025

About this property

** Looking for a new place to call HOME? ** This 4 Bedroom 2 Bath Property is Close enough to Town for Convenience yet Far enough out to Enjoy that Quiet and Country Feel! With just over half an acre there’s Plenty of room to Host Summer BBQs, Family Gatherings or Simply just enjoy the Open Space. Inside has a Cozy Fireplace that adds Warmth & Charm for those Cool Evenings, while Outside on the Front Covered Deck is a Perfect Spot to Relax with your Morning Coffee or Unwind with a Glass of Sweet Tea while taking in the Scenic Views. It also has a versatile Storage Building that could be used for a Workshop, Hobby Space or even just Covered Parking. This home has Tons of Potential, it's Affordable and Comes with Lots of Space to Enjoy. ** Don’t Miss Out.....Call today to Schedule Your Private Showing to see all this property has to offer!!

Investor Tools

Property Icon
$97,430
Estimated Property Value
$0Estimated Mortgage Balance
$97,430Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$126,659
Rent-to-Value Ratio: 0.72%
Rent Estimate
$585 /month
Positive
Cash Flow Estimate:
$195 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$199/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,897
$97,430
2025
$12,780
$84,650
$97,430
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,897
$97,430

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$97,430
100%
0%
$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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513 Newsome St | Property Details | No Agent List