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$220,600

NAL Estimated Property Value

718 North Street, Gilmer, TX, 75644

$286,780 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,512 Sq Ft
price_per_sqft$75.6 / sqft
Year BuiltBuilt in 1948

Property Lead Type:

ARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Oven, Gas Water Heater, Electric Water Heater
FlooringHardwood

Exterior

Lot Size15,002 sqft

Building Information

Year Built1948
Garage Spaces2

Land Information

APN1593
Lot Number3
Land UseResidential
Legal DescriptionLOT 3, BLK A MITCHELL ADDN S253 (A200) .3444 ACRES & HOUSE
Census Tract950400
Assessed Land Value$25,500
Assessed Improvement Value$195,100
Assessment Year2025

About this property

This welcoming home is exactly what you’ve been searching for! Featuring 4 bedrooms and 2 bathrooms with over 2,500 square feet, this property offers space, comfort, and versatility. A detached game room/guesthouse with a full bathroom and closet adds even more flexibility for entertaining, guests, or hobbies. Inside, you’ll find original hardwood floors throughout, complemented by several fresh updates. Enjoy two spacious living areas, each with its own cozy fireplace—perfect for relaxing or gathering with family and friends. Large open kitchen with lots of cabinets, island, pantry plus a second walk0in pantry. The privacy-fenced backyard includes a charming courtyard area, a 20x20 storage unit and a 20x30 shop/garage, and a carport. The shop/garage features large sliding doors, electricity already in place, and a separate entrance off Myra Street, making it ideal for projects or storage and there’s even a separate area designed for dogs. Bedrooms are generously sized with ample closet space. The garage is currently being used as a 4th bedroom with full walk-in closet, but can easily be converted back to a garage if desired. Located in Gilmer ISD and just minutes from town, this charming home truly has so much to offer.

Investor Tools

Property Icon
$220,600
Estimated Property Value
$105,805Estimated Mortgage Balance
$114,795Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$286,780
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,324 /month
Positive
Cash Flow Estimate:
$441 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$322/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,767
$220,600
2025
$25,500
$195,100
$220,600
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,767
$220,600

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$126,663
Yes
First
Apr 26, 2018
May 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$105,805
$114,795
52%
48%
$760/mo

City: Gilmer

718 North Street | Property Details | No Agent List