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$249,000

631 Welch Ln, Gun Barrel City, TX, 75156

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,366 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$182.28 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Water Heater
FlooringCarpet, Laminate

Exterior

Exterior FeaturesStorage
Lot Size1 acre

Building Information

Year Built1980
Roof Type105
Garage Spaces1

Land Information

APN0483-0810-0000-53
SubdivisionAb 0483 B Medro Sur
Land UseResidential
Legal DescriptionTRS 81 AB 483 B MEDRO SUR, TRS 81, 82 & 92, (RE:TRS 8D,8D2,8D1) *LIFE ESTATE ALMA L MILLER*
Census Tract950601
Assessment Year2025

About this property

Located near Cedar Creek Lake in the heart of Gun Barrel City, this single-story 3-bedroom, 2-bath home sits on approximately one acre and offers an appealing blend of comfortable living, outdoor space, and serious workshop potential. A major highlight is the approximately 25-by-30-foot detached metal workshop, set on a concrete slab and insulated with power, lighting, a roll-up door, and generous room for projects, equipment, or storage. The 1,366-square-foot home features a metal roof, central HVAC, an attached one-car garage, driveway, covered front entry and rear patio, and mature trees across the homesite. Inside, the living room opens toward the kitchen and dining area, creating a practical everyday flow, while three bedrooms and two baths provide a straightforward floor plan. The home has its original 1980 character and gives the next owner room to update it over time. Located in Mabank ISD, the property is close to shopping, dining, and everyday amenities, with public boat ramps just minutes away. A distinctive opportunity to enjoy acreage, usable improvements, and convenient access to the Cedar Creek Lake lifestyle.

Investor Tools

$0Estimated Mortgage Balance
$337,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,022 /month
Positive
Cash Flow Estimate:
$674 /month

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Stone Huffman

Coldwell Banker American Dream

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$169/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$348
$212,915
2025
N/A
N/A
$279,614
No

Tax History

Year
Tax Paid
Assessed Value
2024
$348
$212,915

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$337,000
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.

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: Gun Barrel City

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