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Upshur 75645
2588 Redwood Road
$648,000
● House - Off Market

2588 Redwood Road

Gilmer, TX 75645
bedrooms
4 Beds
bathrooms
0 Bath
square feet
3,380 Ft²
$643,604
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

If the country life is the life for you, than this piece of Texas paradise is the place to be. Located in Union Grove ISD, this home boasts wrap around porches, over 3800 sq ft of open floor plan, 4 bedrooms, 3 full baths and 2 large bonus spaces up stairs. On over 40 acres,  this home also has a 1600 sq ft attached heated cooled garage and a 1400 sq ft little red barn with a unfinished apartment upstairs. Approximately 7 acres of pasture and the rest is wooded. Small pond and springs available to livestock and wildlife. Pasture has been cut for hay yearly. Community and well water available. Barn has 10.10 stalls, electricity and water.
Unit Size
3,380 Ft²
Days on Market
-
Land Size
41.16 acres
Price per sqft
$185
Property Type
House
Property Taxes
$559
HOA Dues
-
Year Built
2004

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (NTREIS #14757117)

Price History

Date / Event Date Event Price
Mar 14, 2022 Sold
Premium
Sold
Feb 10, 2022 Listed by Texas Real Estate Executives $625,000
Listed by Texas Real Estate Executives

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 17
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 1,600
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,792,856
  • Lot Size Frontage Feet: 0
  • Total Building Area: 10,424
  • Gross Building Area: 10,424
  • Building Area: 10,424
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,880
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILLEFORD ESTATE SUBDIVISION
  • Land Acres: 0000041158
  • Standard Land Use Code: 1008
  • County Land Use Code: E4
  • Legal Description 1: LOT 1 PT, BLK PH 1 WILLEFORD ESTATE S408 (A392) 41.1583 ACRES & HOUSE

Neighborhood

  • School District Name: Union Grove Independent School District
  • Census Tract: 950700

Geography

  • Account Number: S408-S08-000-PH1LT1PT
  • Parcel: 65078679
  • Lot: 1
  • Municipality: GILMER
  • Latitude: 32.6094
  • Longitude: -94.9294

    Address

  • Full Address: 2588 Redwood Rd
  • Address - House Number: 2588
  • Address - Street Name: Redwood
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Gilmer
  • Carrier Code: R010
  • 4-Digit Zip Code: 7889
  • Zip Code: 75645

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $710,993
  • Tax Rate Code Area: 230 FD1 S0

    Appraisal Valuation

  • Standard Deviation: 0.2654
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 602,475
  • High Value: 762,399
  • Low Value: 442,552

    Market Valuation

  • Market Total Value: $690,599
  • Market Land Value: $259,179
  • Market Improvement Value: $431,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $624,380

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Recording Date: Mar 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2050
  • Previous Sale Recording Date: Sep 25, 2015
  • Previous Sale Contract Date: Sep 25, 2015
  • Previous Sale Amount: $400,000
  • Previous Sale Document Type: 70
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Upshur

Stats & Trends

Median Asking:

$289,500

Sale Price/ft²

$152

Below Asking

0.04%

Average Days on Market

93

Average Home Size

2274 ft²

Average Home Age

31.5 years

Currently For Sale

58 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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NTREIS

Listed by: Tammy Kessler, Texas Real Estate Executives
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14757117
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2588 Redwood Road built and last sold?
The property at 2588 Redwood Road was built in 2004 and last sold on Jan 1, 1970 for $689,472.
How much is this home worth?
The estimated value of the home located at 2588 Redwood Road is $0.
What are some comparable homes to 2588 Redwood Road?
There are currently no comparable homes to 2588 Redwood Road.
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