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$299,900

701 N Montgomery St, Gilmer, TX, 75644

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,670 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$179.58 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesElectric Water Heater

Exterior

Lot Size13,068 sqft

Building Information

Year Built1988
Garage Spaces2

Land Information

APN40925
Lot Number1,2
Land UseResidential
Legal DescriptionLOT 1, 2 S 27', BLK 1 MITCHELL ADDN S253 (A200) .3 ACRES & HOUSE
Census Tract950400
Assessed Land Value$23,780
Assessed Improvement Value$190,710
Assessment Year2025

About this property

Welcome home to this charming traditional 3-bedroom, 2-bath residence perfectly situated on a desirable corner lot shaded by mature trees. Step inside to an inviting open-concept layout that seamlessly connects the living, dining, and kitchen areas—ideal for both everyday living and entertaining. The home is truly move-in ready, offering comfort, functionality, and timeless appeal throughout. Enjoy outdoor living in the spacious, fully fenced backyard, perfect for pets, play, or relaxing evenings under the trees. With its classic style, thoughtful layout, and prime setting, this home is ready to welcome its next owners.

Investor Tools

$211,175Estimated Mortgage Balance
$3,315Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,799 /month
Positive
Cash Flow Estimate:
$600 /month

Interested in this property?

Victoria Wolfe

Texas Real Estate Executives, The Daniels Group - Gilmer

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$437/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,176
$214,490
2025
$23,780
$190,710
$214,490
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,176
$214,490

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
T2 Financial Llc
Fha
$219,844
Yes
First
Mar 15, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$211,175
$3,315
1%
98%
$1,346/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,009/mo
$1,346/mo
$-337/mo
5.6%

City: Gilmer

701 N Montgomery St | Property Details | No Agent List