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$200,420

NAL Estimated Property Value

8123 Cherokee Trce, Gilmer, TX, 75644

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,512 Sq Ft
price_per_sqft$168.65 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesElectric Range

Exterior

Lot Size3.25 acres

Building Information

Year Built1950
Garage Spaces4

Land Information

APN35247
Land UseResidential
Legal DescriptionABS A337 MCCREIGHT, MATTHEW,TRACT 4, 3.25 ACRES & HOUSE
Census Tract950200
Assessed Land Value$48,260
Assessed Improvement Value$152,160
Assessment Year2025

About this property

This property offers a rare opportunity for buyers who value space, functionality, and potential. While the home itself retains its original charm and has not been fully updated, it provides a solid foundation with unique features that make it truly stand out. Offering 3 bedrooms with office and 2 baths. One of the biggest highlights is the impressive 30x60 workshop with overhead doors perfect for mechanics, tradespeople, or anyone in need of serious workspace or storage. There's also a dedicated RV carport and two large 30x30 overhang carports, offering abundant covered parking for vehicles, trailers, or equipment. Whether you're running a business from home or just need space for your hobbies, this property delivers. A newer 15x20 storage building workshop is attached to the carport and includes a roll-up door and walk-in entry, offering even more functional space for tools, projects, or overflow storage. This property is ideal for buyers who want elbow room, workspace, and the chance to update and make a home truly their own. With solid structures and versatile outbuildings already in place, it’s a smart investment for those who see the value in space and potential. Schedule your showing today and explore everything this unique property has to offer

Investor Tools

Property Icon
$200,420
Estimated Property Value
$176,250Estimated Mortgage Balance
$24,170Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,530 /month
Positive
Cash Flow Estimate:
$510 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$202/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,421
$200,420
2025
$48,260
$152,160
$200,420
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,421
$200,420

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Draper & Kramer Mortgage Corp
Fha
$169,413
Yes
First
Dec 28, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$176,250
$24,170
12%
88%
$1,125/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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8123 Cherokee Trce | Property Details | No Agent List