1021 Warren St

Gilmer, Texas, 75644

Redeemable DeedpendingSells Oct 6, 2026 · 2 days ago

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SqFt: 0
Lot Size: 4,450
APN: 5142

Property Type: Land
Distressed: No
Vacant: No
Owner Type: Individual
Owner Status: Absentee (In State)
Length of Ownership: 6 Months
Purchase Method: Cash Purchase
County: Upshur

Value

Estimated Value: $44,000
County Market Value: $8,800; 2025
Assessed Value: $8,800; 2025

Mortgage & Debt

Open Mortgages: 0
Estimated Balance: $0
Lien Flags: None recorded; RealEstateAPI flags · not a lien search
Tax Delinquent Since: 2092

Last Sale

Document Type: Public Action

Opportunity

Opening Bid: $748
Bid / Value: 2%; of $44,000
Property Tax 2025: $111; annual bill · not the amount owed
Equity (est.): $44,000; 100%
Linked Properties: 58

Opening bid

$748

Assessed value

$8,800

Land $8,800Improvement $0

Market / AVM

$44,000

Property tax 2025

$111

Annual bill — the sale list gives no amount owed

Case number 11-81TX

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: Upshur County
Mailing Address: 215 Titus St, Gilmer, TX 75644
Owner Type: Individual
Corporate Owned: No

Land/Location Information

APN: 5142
Property Class: The general use for the property is for residential purposes

Deal analysis

Sale Date	Recorded	Document	Doc #	Arm's Length	Method	Buyer	Seller
03/31/2026	03/31/2026	Public Action	202602130	Yes	Cash Purchase	Upshur County	Gertie Mae Walker, Gilmer Independent School District

Your maximum bid

$22,955

Walk away above this. Projected profit at the ceiling: $13,200 (30% of ARV).

Opening bid $748

Room to bid $22,207

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$8,713

Under max by $14,242

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

—

Median sold

—

p(redeem) prior

—

No historical bucket for TX|Redeemable Deed; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $44,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $44,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$3,520
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical TX range ($1,800–$5,000, ~5 months).: −$3,400
Deed recording and transferassumed Typical TX recording and deed issuance cost.: −$400
Holding costs (7 months)assumed Taxes, insurance, and securing the property at ~$75/month.: −$525
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$13,200
Maximum bid: $22,955

If the owner redeems

Flat penalty

25%

You'd receive

$5,739

Window

730 days

A 25% flat penalty applies if the owner redeems. It is a penalty, not annual interest — the rate does not change with how early they redeem.

homestead and agricultural-use property (2 years); all other property is 180 days

Quoted elsewhere as 51% annualised — true only if they redeem on the last possible day and you immediately redeploy the capital. Treat the flat penalty as the real number.

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. The 180-day vs 2-year window turns on the property's use at the time of sale, which the sale list does not state — treat any homestead-looking residential parcel as potentially 2-year.

1021 Warren St

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Land/Location Information

1021 Warren St

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Land/Location Information

Legal Description

Tax Assessment Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

Distress Flags

Area

Fair Market Rents

Tax Assessment Information

Sale History

County records

Upshur County rules

Historical comps

Verify before you bid