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$400,000

NAL Estimated Property Value

1223 N Kent St, Gorman, TX, 76454

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,070 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$205.31 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesDishwasher, Electric Cooktop, Electric Oven

Exterior

Lot Size7.21 acres

Building Information

Year Built1950
Garage Spaces3

Land Information

APN13708
SubdivisionHarper Hts
Land UseResidential
Legal Description1-16 BLK 4 & 1-7 BLK 3 & 4-11 BLK 2 HARPER HTS & JACKSON ST & PT OF 15 FT ALLEY
Census Tract950500
Assessment Year2025

About this property

Check out this fenced 7.21 acres at the edge of Gorman! The residence is a 2070 sq. ft. (CAD) 3 bedroom, 2 bath brick home with central air-heat, a functional woodburning fireplace in the den, built-ins in the kitchen, a wet bar in the master bedroom, several ceiling fans, a covered porch in the back and more! There is an insulated, all metal 28x60 garage-shop building with 3 overhead doors (electric openers on 2) + a workshop area - all on a full concrete slab floor. Property is set up for horses with pens and a barn, has numerous producing Pecan trees, a water well, a small guest house and includes frontage on paved FM 8 (Kent Street) as well as Eastland County Road 389. Great property - call us today to see it!! (Silver corral panels and round pen not included)

Investor Tools

Property Icon
$400,000
Estimated Property Value
$0Estimated Mortgage Balance
$400,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,550 /month
Positive
Cash Flow Estimate:
$850 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$277/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,328
N/A
2025
N/A
N/A
$159,770
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,328
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$400,000
100%
0%
$0/mo

City: Gorman

1223 N Kent St | Property Details | No Agent List