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$147,000

516 Allen, Gilmer, TX, 75644

$166,564 ARVInfo
PendingInfo
Beds2 Beds
Baths1 Bath
Baths1,248 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$128.13 / sqft

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesGas Water Heater

Exterior

Lot Size25,199 sqft

Building Information

Garage Spaces2

Land Information

APN41269
Lot Number5A
Land UseResidential
Legal DescriptionLOT 5A, BLK 3 BLEDSOE S115 (A200) .5785 ACRES & HOUSE
Census Tract950400
Assessed Land Value$24,700
Assessed Improvement Value$99,350
Assessment Year2025

About this property

Cute 2-bedroom, 1-bath home in the heart of Gilmer. This adorable home sits on a spacious 0.567-acre lot and features a welcoming front porch with a swing, perfect for relaxing. Inside, you'll find a separate dining area, a utility room, and plenty of character throughout. Recent updates add to its charm and functionality. Plus, the property includes a separate shop attached to the carport, offering extra storage or workspace. Conveniently located close to everything—don't miss this one!

Investor Tools

Property Icon
$147,000
Estimated Property Value
$0Estimated Mortgage Balance
$147,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$166,564
Rent-to-Value Ratio: 0.72%
Rent Estimate
$959 /month
Positive
Cash Flow Estimate:
$320 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$149/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,055
$124,050
2025
$24,700
$99,350
$124,050
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,055
$124,050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$147,000
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.

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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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516 Allen | Property Details | No Agent List