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$98,000

515 W Marshall Ave, Gladewater, TX, 75647

$100,171 ARVInfo
Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths738 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$134.15 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range, Vented Exhaust Fan

Exterior

Lot Size7,200 sqft

Building Information

Year Built2000
Stories1
Roof Type109

Land Information

APN3210000001-015-00-01
Lot Number15,17
SubdivisionHillcrest
Land UseResidential
Legal DescriptionLT 15; 16; & 17 BLK 1 (W 15' LT 15 & E 20' LT 17) & PT OF ALLEY HILLCREST
Census Tract010201
Assessed Land Value$3,420
Assessed Improvement Value$88,190
Assessment Year2025

About this property

BEST DEAL IN GLADEWATER!! This cozy 2 bed 1 bath home has it ALL! Right in the middle of Gladewater, sits this beautiful house that has been totally remodeled! Tile Flooring, Granite counters, HUGE wood deck, big yard, and so much more! Make an offer today, priced to move! PATIO! BUYER TO VERIFY ALL MEASUREMENTS, ALL SCHOOLS, ALL UTILITIES. SELLER IS RELATED TO THE LISTING BROKER.

Investor Tools

Property Icon
$98,000
Estimated Property Value
$79,000Estimated Mortgage Balance
$20,391Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$100,171
Rent-to-Value Ratio: 0.72%
Rent Estimate
$594 /month
Positive
Cash Flow Estimate:
$198 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$117/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$919
$91,610
2025
$3,420
$88,190
$91,610
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2024
$919
$91,610

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ellis Acquisitions Llc
Unknown
$79,000
No
First
May 5, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$77,609
$20,391
20%
79%
$474/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,100/mo
$474/mo
+$626/mo
13.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Gladewater

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515 W Marshall Ave | Property Details | No Agent List