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B+
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$114,020

801 E Lake Dr, Gladewater, TX, 75647

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,148 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$86.24 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesElectric Water Heater

Exterior

Lot Size15,682 sqft

Building Information

Year Built1947
Garage Spaces1

Land Information

APN50719
Land UseResidential
Legal DescriptionABS A664 CHOATE, D B,TRACT 21, .36 ACRES & HOUSE
Census Tract950600
Assessed Land Value$41,710
Assessed Improvement Value$72,310
Assessment Year2025

About this property

You almost can feel the heartbeat of this vintage style home just minutes from historic downtown Gladewater. Vintage Charm Meets Opportunity! Step back in time with this 1940s bungalow, full of original charm and timeless character. This home has been a rental and is ready for its next chapter. With hardwood floors, vintage trim, and classic details throughout, it's a blank canvas waiting for a little TLC. Whether you're looking to restore a piece of history or invest in a property with great bones, this home offers endless potential. Enjoy the charm of yesteryear while adding your own modern touches. Being sold as-is—bring your vision and make it shine again! ??

Investor Tools

Property Icon
$114,020
Estimated Property Value
$97,206Estimated Mortgage Balance
$18,091Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$104,637
Rent-to-Value Ratio: 0.72%
Rent Estimate
$684 /month
Positive
Cash Flow Estimate:
$228 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$162/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,378
$114,020
2025
$41,710
$72,310
$114,020
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,378
$114,020

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$97,206
Yes
First
Aug 1, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$95,929
$18,091
15%
84%
$583/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Gladewater

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801 E Lake Dr | Property Details | No Agent List