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$279,000

NAL Estimated Property Value

5348 S State Highway 155, Gilmer, TX, 75645

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,305 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$126.44 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 1Bathrooms 1
AppliancesElectric Water Heater

Exterior

Lot Size1.32 acres

Building Information

Year Built1962
Garage Spaces2

Land Information

APN16626
Land UseResidential
Legal DescriptionABS A1 DAVENPORT, J B B,TRACT 251, 1.318 ACRES & HOUSE
Census Tract950302
Assessed Land Value$42,330
Assessed Improvement Value$154,800
Assessment Year2025

About this property

Charming Country Home on 1.3 Acres in Gilmer, TX Nestled on 1.3 picturesque acres at 5348 State Highway 155 S, this 3-bedroom, 1-bath home offers 1,305 square feet of comfortable living space, perfect for those seeking a blend of rural charm and convenience. Step inside to discover a cozy interior featuring a practical layout, while outside, you’ll find plenty of room to enjoy the great outdoors. The property includes a spacious backyard, a barn, and a storage room, making it ideal for hobbyists, animal enthusiasts, or anyone needing extra space. Previously home to horses, this property is well-suited for equestrian use or other outdoor activities. Key updates include a new water heater installed in 2021, ensuring peace of mind for the new owner. The attached garage adds to the home’s practicality, offering additional storage or workspace options. Located in the heart of Gilmer, TX, this property combines serene country living with proximity to a town rich in history and culture. Known as the “Home of the East Texas Yamboree,” Gilmer offers a friendly small-town vibe, excellent schools, and beautiful parks. With quick access to Longview and nearby lakes, it’s the perfect place to call home. Don’t miss this opportunity to own a slice of East Texas charm—schedule your showing today!

Investor Tools

Property Icon
$279,000
Estimated Property Value
$32,468Estimated Mortgage Balance
$246,532Estimated Equity
88% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,674 /month
Positive
Cash Flow Estimate:
$558 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$197/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$974
$197,130
2025
$42,330
$154,800
$197,130
No

Tax History

Year
Tax Paid
Assessed Value
2025
$974
$197,130

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Green Tree Servicing Llc
Credit Line (Revolving) / Heloc
$44,500
No
First
Mar 4, 2014
Apr 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$32,468
$246,532
88%
12%
$267/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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5348 S State Highway 155 | Property Details | No Agent List