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$127,000

703 Indian Gap, Quitman, TX, 75783

$135,602 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths480 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$268.75 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesRefrigerator, Built-In Refrigerator, Gas Cooktop, Gas Oven, Gas Water Heater, Microwave
FlooringCarpet, Other, Vinyl

Exterior

Exterior FeaturesAwning(s), Boat Slip, Dock, Lighting, RV Hookup
Lot Size5,101 sqft

Land Information

APN74050
Lot Number72
Land UseResidential
Legal DescriptionLOT 72 BLK I(PELICAN BAY) .1171 HOLIDAY VILLAGES OF FORK
Census Tract950303
Assessed Land Value$20,400
Assessed Improvement Value$9,340
Assessment Year2025

About this property

Sit back on your covered porch and soak in the breathtaking views of Lake Fork from this unique retreat, perfectly positioned on TWO water view lots—each with its own septic and electric RV hookup. Just steps from the boat ramp and ready for lake living, this setup is ideal for a weekend escape or income-producing rental. Included is a 2018 Dutchmen Voltage 3805 Toy Hauler, covered by a carport and $20K worth of custom wood decking, all surrounded by a spacious, fully fenced yard. The outdoor living area is made for entertaining, with multiple sitting areas and a custom enclosure featuring a 70” TV that stays—great for grilling, watching the game, and soaking up the lake vibes! The toy hauler sleeps up to 8 with 2 queen beds, bunk beds, 2 bathrooms, and 3 power retractable slide outs that expand the interior space. The stove and oven have never been used. The kitchen features a 3-burner stove, microwave, full-sized refrigerator, stainless steel sink, and hardwood cabinet doors. Additional features include an electric fireplace, TVs in living and sleeping areas, USB ports, built-in cable, and tinted glass windows. The rear hauler door can open to a zero-stack patio system for even more outdoor space. There's updated electrical with a 100-amp adapter, automatic leveling, gravel rock pad, and dual propane tanks. Other highlights include a walkable roof with fold-down ladder, 18-ft adjustable awning, and wired sound system inside and out. Set on a corner lot in a gated, amenity-rich community offering a saltwater pool, playground, basketball court, fishing piers, boat ramps, picnic areas, mini golf, and a clubhouse offering 1 free resident meal per month,. The neighborhood is golf cart, ATV, and UTV friendly, with a lively calendar of potlucks, bingo, karaoke, bunko, and weekly clubs. With all utilities connected—including high-speed internet and cable—this turnkey lake getaway is ready to enjoy or rent. Don’t miss your chance to own a slice of Lake Fork paradise!

Investor Tools

Property Icon
$127,000
Estimated Property Value
$0Estimated Mortgage Balance
$127,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$135,602
Rent-to-Value Ratio: 0.72%
Rent Estimate
$774 /month
Positive
Cash Flow Estimate:
$258 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$90/month
$52/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$446
$29,740
2025
$20,400
$9,340
$29,740
No

Tax History

Year
Tax Paid
Assessed Value
2025
$446
$29,740

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$127,000
100%
0%
$0/mo

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: Quitman

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703 Indian Gap | Property Details | No Agent List