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$172,500

6157 Fm 556, Gilmer, TX, 75644

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,690 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$102.07 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 1Bathrooms 1
AppliancesElectric Range, Refrigerator
FlooringHardwood

Exterior

Lot Size1.99 acres

Building Information

Year Built1996

Land Information

APN71727
Land UseResidential
Legal DescriptionABS A586 HILL, S L,TRACT 1-2, 1.99 ACRES & A68 CERDA & HOUSE
Census Tract950200
Assessed Land Value$43,030
Assessed Improvement Value$104,490
Assessment Year2025

About this property

Charming modern farmhouse on 1.24 acres! This beautifully remodeled 3-bedroom, 1-bath home blends rustic character with modern farmhouse style. Featuring wood beams, shiplap accents, and inviting living spaces, this home offers plenty of room to relax and make it your own. Outside, you'll find a carport with an attached storage building, providing convenient covered parking and extra storage. A great opportunity for anyone looking for a charming home with space and country appeal!

Investor Tools

$85,422Estimated Mortgage Balance
$149,578Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,410 /month
Positive
Cash Flow Estimate:
$470 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$298/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,397
$147,520
2025
$43,030
$104,490
$147,520
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,397
$147,520

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The First National Bank Of Hughes Spring
Purchase Money Mortgage
$92,000
No
First
Dec 2, 2022
Dec 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$85,422
$149,578
63%
36%
$552/mo

City: Gilmer