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$285,000

1605 Southgate Dr, Brownwood, TX, 76801

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,566 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$181.99 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Range, Gas Water Heater
FlooringCarpet, Laminate, Vinyl

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size10,803 sqft

Building Information

Year Built1995
Garage Spaces2

Land Information

APN69000
Lot Number3
SubdivisionGibson Addition Section I
Land UseResidential
Legal DescriptionGIBSON ADDITION SECTION I, LOT 3
Census Tract951100
Assessed Land Value$17,380
Assessed Improvement Value$210,590
Assessment Year2025

About this property

Welcome to 1605 Southgate Drive, a well-maintained 3-bedroom, 2-bath home offering 1,566 square feet of comfortable living space in an established Brownwood neighborhood. Situated on a beautiful, tree-covered lot, this home offers inviting indoor spaces along with a private backyard designed to be enjoyed. Inside, raised ceilings create an open, spacious feel, while the brick fireplace serves as a warm focal point in the living area. The recently updated kitchen features upgraded appliances and provides a fresh, functional space for everyday living and entertaining. Interior and exterior paint completed within the last year adds to the home's move-in-ready appeal, with fun pops of color and wallpaper for a modern touch! Step outside to a privacy-fenced backyard with plenty of room to relax, play, or entertain. The spacious back patio is ideal for cookouts and gatherings, while a greenhouse and additional storage add practical space for gardening, hobbies, and outdoor equipment. An attached two-car garage provides additional convenience. Located near Woodland Heights Elementary, 1605 Southgate Drive combines a great setting, thoughtful updates, and comfortable living spaces inside and out. Come see all this Brownwood home has to offer!

Investor Tools

$228,356Estimated Mortgage Balance
$49,644Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,710 /month
Positive
Cash Flow Estimate:
$570 /month

Interested in this property?

Abby Cadenhead

KWSynergy

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$230/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,367
$227,970
2025
$17,380
$210,590
$227,970
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,367
$227,970

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Towne Mortgage Co
Fha
$225,834
Yes
First
May 10, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$228,356
$49,644
17%
82%
$1,403/mo

City: Brownwood