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Gorman 76454
1102 N Kent Street
$118,500
● House - Off Market

1102 N Kent Street

Gorman, TX 76454
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,196 Ft²
$164,230
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

This adorable little fixer upper could be your southern charm! With a little TLC this property has huge potential. Bring your horses or livestock,  8.86 acres (ag exempt) used for hay production , the fencing is in great shape, fully fenced and cross fenced with several shelters , pipe holding pens and a shop with electric.
Unit Size
1,196 Ft²
Days on Market
-
Land Size
8.86 acres
Price per sqft
$105
Property Type
House
Property Taxes
$2
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #14454909)

Price History

Date / Event Date Event Price
Dec 7, 2020 Sold
Premium
Sold
Oct 16, 2020 Listed by South Estates Realty $125,000
Listed by South Estates Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 17
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Frontage Feet: 0
  • Total Building Area: 4,348
  • Gross Building Area: 4,348
  • Building Area: 4,348
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,196
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OT GORMAN
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: 2-3 BLK XXXIII OT GORMAN

Neighborhood

  • School District Name: Gorman Independent School District
  • Census Tract: 950500

Geography

  • Account Number: 069200438000000000000
  • Parcel: 13724
  • Block: XXXIII
  • Lot: 2-3
  • Municipality: GORMAN
  • Latitude: 32.2196
  • Longitude: -98.6638

    Address

  • Full Address: 1102 N Kent St
  • Address - House Number: 1102
  • Street Direction: N
  • Address - Street Name: Kent
  • Address - Suffix Type: St
  • State: TX
  • City Name: Gorman
  • Zip Code: 76454

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $177,297
  • Tax Rate Code Area: 33 13

    Appraisal Valuation

  • Standard Deviation: 0.4473
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 10
  • Final Value: 105,531
  • High Value: 152,737
  • Low Value: 58,324

    Market Valuation

  • Market Total Value: $92,880
  • Market Land Value: $7,200
  • Market Improvement Value: $85,680

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $92,880
  • Assessed Land Value: $7,200
  • Assessed Improvements Value: $85,680
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 Gorman

Stats & Trends

Median Asking:

$124,900

Sale Price/ft²

$90

Below Asking

0.05%

Average Days on Market

66

Average Home Size

1781 ft²

Average Home Age

58.3 years

Currently For Sale

6 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

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NTREIS

Listed by: Ashley Keys, South Estates Realty
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14454909
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1102 North Kent built and last sold?
The property at 1102 North Kent was built in 1940 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1102 North Kent is $0.
What are some comparable homes to 1102 North Kent?
There are currently no comparable homes to 1102 North Kent.
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