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Upshur 75645
8960 Silver Spruce Road
$400,000
● House - Off Market

8960 Silver Spruce Road

Gilmer, TX 75645
bedrooms
3 Beds
bathrooms
0 Bath
square feet
2,543 Ft²
$429,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Welcome to the country! THIS 6.2 acre RANCHETTE located in UGISD is waiting on its newest adventure. Convenient to Gladewater, Gilmer, and central to Longview Tyler, your greeted by a pipe fence and gate that leads down to the 3 bedroom 2 bath home or go out back to the 288 sq ft pole barn. Fresh paint, granite countertops, crown molding are just a few of the things that make this home a must see. The open floor plan and gas cook top are made for entertaining while the split floor plan gives everyone privacy and space. Home is wired with a transfer switch for a home generator and roof was installed spring of 2020.
Unit Size
2,543 Ft²
Days on Market
-
Land Size
6.20 acres
Price per sqft
$169
Property Type
House
Property Taxes
$385
HOA Dues
-
Year Built
2013

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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 #20412409)

Price History

Date / Event Date Event Price
Nov 1, 2023 Sold
Premium
Sold
Aug 21, 2023 Listed by Texas Real Estate Executives $429,000
Listed by Texas Real Estate Executives

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 484
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,979
  • Gross Building Area: 3,979
  • Building Area: 3,979
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,925
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JUAN P SURVEY A-257
  • Land Acres: 0000002000
  • Standard Land Use Code: 1015
  • County Land Use Code: A3
  • Legal Description 1: ABS A257 JUSTAMENTE, JUAN P,TRACT 7-6, 2.0 ACRES & HOUSE

Neighborhood

  • School District Name: Union Grove Independent School District
  • Census Tract: 950501

Geography

  • Account Number: 257U-S08-000-007-6
  • Subdivision Tract Number: 6
  • Parcel: 65041477
  • Municipality: GILMER
  • Latitude: 32.6046
  • Longitude: -94.9396

    Address

  • Full Address: 8960 Silver Spruce Rd
  • Address - House Number: 8960
  • Address - Street Name: Silver Spruce
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Gilmer
  • Carrier Code: R010
  • 4-Digit Zip Code: 7985
  • Zip Code: 75645

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $426,645
  • Tax Rate Code Area: 230 FD1 S0

    Appraisal Valuation

  • Standard Deviation: 0.2624
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 373,054
  • High Value: 470,974
  • Low Value: 275,133

    Market Valuation

  • Market Total Value: $294,830
  • Market Land Value: $53,400
  • Market Improvement Value: $241,430

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $294,830
  • Assessed Land Value: $53,400
  • Assessed Improvements Value: $241,430

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 30, 2023
  • Current Sale Recording Date: Oct 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 6986
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

Rentals Near You

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NTREIS

Listed by: Tammy Kessler, Texas Real Estate Executives
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20412409
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 8960 Silver Spruce Road built and last sold?
The property at 8960 Silver Spruce Road was built in 2013 and last sold on Oct 30, 2023 for $399,000.
How much is this home worth?
The estimated value of the home located at 8960 Silver Spruce Road is $0.
What are some comparable homes to 8960 Silver Spruce Road?
There are currently no comparable homes to 8960 Silver Spruce Road.
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