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$198,000

NAL Estimated Property Value

524 W Roberts Street, Gorman, TX, 76454

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,904 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$105.04 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDishwasher, None
FlooringVinyl

Exterior

Lot Size14,810 sqft

Building Information

Year Built1930

Land Information

APN68075
SubdivisionOt Gorman
Land UseResidential
Legal Description15 BLK I S/D 2 OT GORMAN
Census Tract950500
Assessed Land Value$1,850
Assessed Improvement Value$108,780
Assessment Year2025

About this property

Beautifully renovated 4 bedroom, 2 bath home offering 1,904 sq ft in Gorman. Thoughtfully updated with major components replaced, this move-in ready home features spacious living areas, charming fireplace, remodeled kitchen with butcher block countertops, center island, abundant cabinetry, updated baths, and bright oversized bedrooms. Mature shade trees enhance curb appeal, while the large backyard offers room for outdoor living. Covered carport included. Enjoy quiet small-town living with convenient access to surrounding area amenities. A rare blend of charm, space, and modern updates.

Investor Tools

Property Icon
$198,000
Estimated Property Value
$113,680Estimated Mortgage Balance
$84,320Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,200 /month
Positive
Cash Flow Estimate:
$400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$140/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$689
$71,040
2025
$1,850
$108,780
$110,630
No

Tax History

Year
Tax Paid
Assessed Value
2025
$689
$71,040

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank Na
Purchase Money Mortgage
$36,000
No
First
Dec 5, 2023
Dec 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$113,680
$84,320
42%
57%
$701/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Gorman

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524 W Roberts Street | Property Details | No Agent List