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$594,860

NAL Estimated Property Value

6688 Fm 1649, Gilmer, TX, 75645

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths3,539 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$141.25 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Cooktop, Electric Range
FlooringCarpet, Ceramic Tile

Exterior

Lot Size7 acres

Building Information

Year Built2003
Garage Spaces3

Land Information

APN73697
Land UseResidential
Legal DescriptionABS A388 POWELL, SARAH,TRACT 119, 7.0 ACRES & HOUSE
Census Tract950102
Assessed Land Value$120,930
Assessed Improvement Value$473,930
Assessment Year2025

About this property

Escape to this Serene 7-Acre Country Retreat. Absolute pristine country living property featuring 7 Acres of lush, private land with a pond that is perfect for relaxation and recreation plus a paved driveway providing easy access and curb appeal. This home boasts 2 spacious living areas ideal for family and guests or use one as a recreation room for entertainment and leisure. Other items to note are 2-car garage for ample vehicle storage and whole home generator ensuring uninterrupted power. Outdoors you will find an 864 sq ft shop for hobbies or storage needs and a gazebo offering a charming outdoor retreat. This home is well-maintained with newly installed carpet since the photos were taken. This property combines comfort, convenience, and natural beauty in a tranquil setting. Don't miss out on this opportunity to own your own slice of paradise!

Investor Tools

Property Icon
$594,860
Estimated Property Value
$41,619Estimated Mortgage Balance
$553,241Estimated Equity
93% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,569 /month
Positive
Cash Flow Estimate:
$1,190 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,190/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,308
$594,860
2025
$120,930
$473,930
$594,860
No

Tax History

Year
Tax Paid
Assessed Value
2025
$11,308
$594,860

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Colette Wattelet
Seller Carryback / Seller Financing / Seller Take-Back
$60,000
No
First
Dec 19, 2012
Dec 2015

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$41,619
$553,241
93%
7%
$360/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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6688 Fm 1649 | Property Details | No Agent List