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$132,000

7188 Forestwood, Gilmer, TX, 75645

$171,600 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,950 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$186.62 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesMicrowave, Electric Oven, Electric Water Heater
FlooringTile

Exterior

Lot Size14,375 sqft

Building Information

Year Built2020
Garage Spaces2

Land Information

APN67810
Lot Number435
Land UseResidential
Legal DescriptionLOT 435, BLK PH 5 GLENWOOD ACRES S175 (A225) 0.33 ACRES & SHED
Census Tract950700
Assessed Land Value$17,330
Assessed Improvement Value$590
Assessment Year2025

About this property

Welcome to Lakewood Community, nestled in the trees this 2020 model 3/2 split floor plan home features granite counter tops, creative finishes and fun fixtures on a shaded lot. This custom home invites you into the living area of this 1950 sq ft home with a wood burning fireplace, raised ceiling and lots of crown molding. Double patio doors lead to a large back porch area to look out into nature!

Investor Tools

Property Icon
$132,000
Estimated Property Value
$0Estimated Mortgage Balance
$132,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,183 /month
Positive
Cash Flow Estimate:
$728 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$78/month
$480/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$271
$17,920
2025
$17,330
$590
$17,920
No

Tax History

Year
Tax Paid
Assessed Value
2025
$271
$17,920

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$132,000
100%
0%
$0/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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7188 Forestwood | Property Details | No Agent List