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$2,378,010

NAL Estimated Property Value

1501 2nd Street, Brownwood, TX, 76801

Off MarketInfo
CommercialInfo
Beds Beds
Baths Bath
Baths31,624 Sq Ft
price_per_sqft$12.49 / sqft
Year BuiltBuilt in 1923

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringCarpet, Hardwood

Exterior

Lot Size1.32 acres

Land Information

APN52011
Lot Number1
SubdivisionCoggin Addition
Land UseOther / Unknown
Legal DescriptionCOGGIN ADDITION, BLOCK T, LOT 1, PART 2 (100X192.5)
Census Tract950900
Assessed Land Value$51,890
Assessed Improvement Value$2,326,120
Assessment Year2025

About this property

HISTORY LIVES in this majestic church, which has been a landmark in Brownwood for over a century. Even though old, it has been lovingly maintained and updated over the years. It features a beautiful sanctuary which seats 450+, antique stained-glass windows, elegant chandeliers, large raised pulpit, lovely chapel which seats 50+, gym-sized family life center, large kitchen, 22 classrooms or offices, 6 bathrooms, nursery, 2 elevators, and 3 parking lots. It also includes 15 central heat and air units, 5 pianos, 2 organs, and a number of chairs, desks, tables, and other useful amenities. In addition to a church, the building would make a wonderful private school, civic center, or any other organization requiring a lot of space. The Brown County Appraisal District has assessed the building's value at $2,123,410.

Investor Tools

Property Icon
$2,378,010
Estimated Property Value
$319,277Estimated Mortgage Balance
$2,058,733Estimated Equity
86% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$14,268 /month
Positive
Cash Flow Estimate:
$4,756 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$991/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$2,378,010
2025
$51,890
$2,326,120
$2,378,010
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$2,378,010

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Watersedge Ministry Services
Credit Line (Revolving) / Heloc
$325,000
No
First
May 7, 2025
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$319,277
$2,058,733
86%
13%
$1,949/mo

City: Brownwood

1501 2nd Street | Property Details | No Agent List