2001 GORMAN AVENUE, WACO, TX 76707

Homes for sale in Waco.

Homes for sale in 76707.


Active

List Price$575,000

2001 Gorman Avenue

Waco, TX 76707

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #21166293

7

Bedrooms

5 full, 2 partial

Bathrooms

3,284

Square Feet

House

Type

About This Property

BACK ON THE MARKET & PRICED TO SELL!!!The Gorman House, as seen on Season 1 of Fixer Upper, offers its buyer an incredible opportunity to apply for a special permit to continue hosting a lucrative & FULLY FURNISHED short-term rental as an STR I, owner-occupied host. Generating appx 75k a year, the main home features gorgeous wood floors that grace the entirety of the living and bedroom spaces on all three floors, utilizing tile in the upstairs bathrooms. The open floorplan includes a large kitchen island, a perfect gathering spot while guests or host displays their culinary skills, in addition to the charming banquette Joanna Gaines cleverly designed for dining. Two sitting areas provide ample space for relaxation, conversation or gathering for a movie night as well as a stunning wrap-around porch for outdoor enjoyment. The elegant staircase carries guests to the second floor offering four spacious bedrooms: two with private ensuite baths & two sharing a jack-and-jill bath and plentiful storage space. The third story is a delightful attic conversion featuring a sitting area, ensuite bath, queen bed, large closet, mini-split ac & spray foam insulation insuring a very comfortable night's sleep. The guest house, renovated in 2018, consistently generates $3,000 of MONTHLY INCOME as a short-term rental, includes two bedrooms, 1.5 bath & cozy living area. The garage currently serves as a storage room conveniently providing three sets of washers & dryers to efficiently launder towels & linens. A fourth washer & dryer set serves guests in the main house utility room. Situated on a corner lot, an abundance of grass borders both houses for guests & host to uniquely enjoy. This property is truly one-of-a-kind and ideally located within 10 minutes drive to Baylor University, walking distance to Antioch Community Church & just a few miles to Magnolia Market at the Silos. MAIN HOUSE GENERATES AN AVG OF 70K ANNUALLY if you wish to reside in the smaller dwelling! WELCOME HOME!!!

Property Features

Location Information

County

McLennan

Subdivision

Cohen

Interior Features

Rooms

First Floor Living Room, First Floor Living Room, Second Floor Primary Bedroom

Has Fireplace

Yes

Interior

Cable TV

Number of Fireplaces

9

Master Bedroom Description

0 x 0

Heating

Central, Electric

Full Baths

5

Cooling

Central Air, Electric

1/2 Baths

2

Floors

Tile, Wood

Living Room Description

0 x 0

Appliances

Built-In Gas Range, Electric Water Heater, Disposal, Microwave, Refrigerator

Exterior Features

Style

Detached

Fencing

Chain Link, Partial

Exterior

Rain Gutters

Patio / Deck Description

Covered

Foundation

Pillar/Post/Pier

Pool Description

None

Roof

Composition

Other Structures

Guest House

Utilities

Sewer Available, Cable Available

Lot Size in Acres

0.379

Parking Description

Attached Carport, Door-Multi, Driveway, Garage Faces Front, Garage Faces Side, Unpaved

Lot Size in Sq. Ft.

16,500

Has Garage

Yes

Is One Story

No

Garage Spaces

2

School

Elementary School District

Waco ISD

Jr. High School

GW Carver

Elementary School

West Avenue

High School

Waco

Additional Information

Property Type

SFR

Status

Active

Property SubType 2

House

Has a Home Owners Association

No

Property SubType

Single Family Residence

Tax Annual Amount

10173.0

Year Built

1930

Similar Listings

Mortgage Calculator

$2,685

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$2,072

Monthly Tax

$479

Monthly Insurance

$134

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

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