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B+
NoAgentList RatingHow are grades calculated? Info

$218,000

705 Mitchell St, Gilmer, TX, 75644

$224,617 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,655 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$132.87 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Gas Oven, Refrigerator, Gas Water Heater
FlooringHardwood, Tile

Exterior

Lot Size15,002 sqft

Building Information

Garage Spaces2

Land Information

APN1869
Lot Number1,2
Land UseResidential
Legal DescriptionLOT 1-2, BLK 2 MITCHELL ADDN S253 (A200) .3444 ACRES & HOUSE
Census Tract950400
Assessed Land Value$25,500
Assessed Improvement Value$149,850
Assessment Year2025

About this property

Charming Gilmer, Texas Bungalow – Timeless Appeal with Thoughtful Upgrades This meticulously maintained circa-1940s bungalow seamlessly blends classic character with modern functionality. Designed for simplicity, warmth, and comfort, the home showcases original architectural features alongside tasteful updates. A light-filled sun room offers flexibility as a potential third bedroom, home office, or cozy retreat. The distinctive front door adds a unique touch of curb appeal, while modern finishes throughout create a move-in-ready experience. Interior highlights include built-in upgraded cabinetry, original hardwood flooring, and updated countertops. Expansive windows providing abundant natural light, enhancing the inviting atmosphere. The fenced backyard features raised garden beds, a storage building, and a New Orleans style courtyard feel. Perfectly suited for small families, retirees, or those seeking efficient living with enduring charm, this property offers a rare opportunity to own a piece of Gilmer architectural heritage.

Investor Tools

Property Icon
$218,000
Estimated Property Value
$213,750Estimated Mortgage Balance
$5,800Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$224,616
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,319 /month
Positive
Cash Flow Estimate:
$440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$191/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,201
$175,350
2025
$25,500
$149,850
$175,350
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,201
$175,350

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Financial Services Llc
Conventional
$213,750
No
First
Dec 1, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$212,200
$5,800
2%
97%
$1,282/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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705 Mitchell St | Property Details | No Agent List