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$169,500

5623 Condor Rd, Gilmer, TX, 75645

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,527 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$111 / sqft
Year BuiltBuilt in 1995

About this property

Discover the possibilities with this 2-bedroom, 2-bath home situated on approximately 1 acre in the East Mountain area and Gilmer ISD. Enjoy a peaceful country setting with no known restrictions and plenty of room for a garden, shop, pets, or simply a little extra elbow room. A great bonus—the roof was replaced in March 2025, taking care of one of the home's major improvements. The home is livable as-is but offers an opportunity for updates and personal touches to make it your own. Whether you're looking for a primary residence, investment property, or an affordable place in the country with room to spread out, this property has plenty of potential. Property is being sold AS-IS. Bring your ideas and come see the possibilities this East Texas property has to offer!

Investor Tools

$0Estimated Mortgage Balance
$322,000Estimated 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
$1,932 /month
Positive
Cash Flow Estimate:
$644 /month

Interested in this property?

Julie Groves

903 Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$328/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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5623 Condor Rd | Property Details | No Agent List