The subject property at 411 Kaufman Street, Newton, Texas, is a transitional healthcare living facility featuring a two-story, 6, 400-square-foot structure situated on a 0.3287-acre lot. The facility includes nine bedrooms with private baths, a communal family room with a fireplace, a kitchen, dining area, laundry room, and an upper-level wood deck patio. The building, originally constructed in 1952, has undergone significant renovations to enhance its functionality and modern appeal. The surrounding market area consists of a mix of residential, commercial, and special-purpose properties, contributing to stable property values and mild growth trends. Positioned near the central business district of Newton, the property benefits from convenient access and visibility along a main roadway. With its recent renovations and continued demand for transitional healthcare facilities, the property's market value as of January 13, 2023, is estimated at $471, 000. Appraisal and survey attached.
