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$236,320

5984 Eastwood Dr, Gilmer, TX, 75645

$307,216 ARVInfo
Under ContractInfo
Beds4 Beds
Baths1,860 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$123.66 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
AppliancesElectric Water Heater

Exterior

Lot Size21,780 sqft

Building Information

Year Built2003
Garage Spaces2

Land Information

APN67780
Lot Number285
Land UseResidential
Legal DescriptionLOT 285, BLK PH-5 GLENWOOD ACRES S175 (A225) 0.5 ACRES & HOUSE
Census Tract950700
Assessed Land Value$26,250
Assessed Improvement Value$210,070
Assessment Year2025

About this property

Waterfront Opportunity! This 4-bedroom, 2-bath brick home sits right on the water and is ready for someone with vision to make it shine. One of the bedrooms can easily be used as an office, exercise room, or flex space. The open floor plan with vaulted ceiling gives the main living area a spacious, airy feel, and there’s also a separate laundry room for convenience. The home does need some TLC, and while the AC unit will need replacing, the seller is offering a $10,000 credit to help with that. Outside, you’ll love the half-acre lot with a circle drive, side-entry garage, and of course—the main attraction—your own peaceful lakefront view. With a little work, this could be your perfect home.

Investor Tools

Property Icon
$236,320
Estimated Property Value
$155,000Estimated Mortgage Balance
$98,613Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$307,216
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,418 /month
Positive
Cash Flow Estimate:
$473 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$397/month
$480/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,578
$236,320
2025
$26,250
$210,070
$236,320
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,578
$236,320

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Newrez Llc
Conventional
$155,000
No
First
Aug 25, 2020
Sep 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$137,707
$98,613
41%
58%
$930/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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5984 Eastwood Dr | Property Details | No Agent List