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$232,890

501 Phillips Drive, Gladewater, TX, 75647

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,610 Sq Ft
price_per_sqft$133.48 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringVinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size5,445 sqft

Building Information

Roof Type109

Land Information

APN5420000006-008-01-01
Lot Number8A
SubdivisionPhillip Heights
Land UseResidential
Legal DescriptionLT 8A BLK 6 PHILLIPS HTS (W/2 OF LT 8)
Census Tract010201
Assessed Land Value$4,520
Assessed Improvement Value$228,370
Assessment Year2025

About this property

New Construction! Charming 3 bed 2 bath home in a quiet, established neighborhood in Gladewater! The open floorplan features a large living area with tons of natural light that flows to the dining and kitchen. The kitchen features white shaker cabinets, granite counters, and a huge island with bar seating for four along with stainless steel dishwasher, microwave and electric range, tile backsplash, and pantry. The primary bedroom is oversized with space for a king size bed and has a walk-in closet. The ensuite primary bath has a linen closet, vanity, and tub shower combo. The secondary bedrooms are huge with walk in closets. The linen and coat closets provide extra storage. The front and back patios are covered under the roofline! The home is pretreated for termites. Landscape package is not installed but available for purchase. 1, 2, 10 warranty!

Investor Tools

Property Icon
$232,890
Estimated Property Value
$0Estimated Mortgage Balance
$9,596Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,397 /month
Positive
Cash Flow Estimate:
$466 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$101/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$49
$232,890
2025
$4,520
$228,370
$232,890
No

Tax History

Year
Tax Paid
Assessed Value
2024
$49
$232,890

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Fha
$211,105
Yes
First
Mar 14, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$223,294
$9,596
4%
96%
$1,368/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,530/mo
$1,368/mo
+$162/mo
7.9%

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: Gladewater

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501 Phillips Drive | Property Details | No Agent List