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$274,900

877 Indian Gap, Quitman, TX, 75783

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,232 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$223.13 / sqft
Year BuiltBuilt in 2009

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2.5Bathrooms 2.5
AppliancesTrash Compactor, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Washer
FlooringVinyl

Exterior

Exterior FeaturesFire Pit
Lot Size27,948 sqft

Building Information

Year Built2009

Land Information

APN74111
Lot Number86-89
Land UseResidential
Legal DescriptionLOT 86, 87, 88 & 89 BLK I(PELICAN BAY) .6416 HOLIDAY VILLAGES OF FORK
Census Tract950303
Assessed Land Value$111,770
Assessed Improvement Value$148,810
Assessment Year2025

About this property

One of a Kind Custom 2 Bed 2.5 Bath Log Cabin on 4 Nicely Treed Waterfront Lots. You can Relax and Enjoy Nature on the Large Covered Back Deck Looking out to a Stocked Fishing Pond and Beautiful Lake Fork. Sliding Barn Doors in Bedrooms, Walk In Closets, Stainless Steel Appliances, Knotty Pine Cabinets, Aspen Walls, LP Fireplace, Washer and Dryer, Water Tanks, Garden Area, Outside Guest Quarters and Workshop with Electric. Landscaping Throughout Property With Peach, Pine, Snowball, Cypress & Red Oak Trees. Has Full RV Hookup. Community Benefits Include a Pool, Basketball Court, Put Put Golf, Clubhouse with 50’s Style Diner, Boat Ramps, Fishing Piers, and Playgrounds. Monthly Dances, Potluck, Karaoke, and Bingo.

Investor Tools

Property Icon
$260,580
Estimated Property Value
$198,000Estimated Mortgage Balance
$77,737Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,649 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$434/month
$48/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,908
$260,580
2025
$111,770
$148,810
$260,580
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,908
$260,580

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aspire Bank
Conventional
$198,000
No
First
Apr 8, 2022
May 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$182,843
$77,737
29%
70%
$1,188/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: Quitman

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