2001 GORMAN AVENUE, WACO, TX 76707
Homes for sale in Waco.
Homes for sale in 76707.
List Price$575,000
2001 Gorman Avenue
Waco, TX 76707
Listing #21166293
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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