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$247,500

NAL Estimated Property Value

1000 Melrose Dr, Waco, TX, 76710

$252,325 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,618 Sq Ft
price_per_sqft$151.42 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Move-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Water Heater, Microwave
FlooringCarpet, Hardwood, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size8,124 sqft

Building Information

Year Built1966
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480327020188156
Lot Number5
SubdivisionParkdale
Land UseResidential
Legal DescriptionPARKDALE LOT 5 BLOCK 22 ACRES .1865
Census Tract002501
Assessed Land Value$19,420
Assessed Improvement Value$228,080
Assessment Year2025

About this property

Located in the heart of Waco’s vibrant city center, this beautifully updated 3-bedroom, 2-bath brick home offers an ideal blend of space, comfort, and convenience. Tucked away on a quiet, tree-lined street, the flat lot and mature landscaping create a welcoming first impression. Inside, a spacious open floor plan features two generous living areas and a striking fireplace that anchors the home with warmth and charm. The updated kitchen flows seamlessly into the living and dining spaces, making it perfect for both everyday living and entertaining. Hard-surface flooring and updated lighting enhance the home’s clean, modern feel. All bedrooms are generously sized with large closets, while both oversized bathrooms offer excellent functionality. The primary suite serves as a peaceful retreat, featuring abundant natural light, two spacious closets, and a private en-suite bath with a walk-in shower. Outdoor amenities include a recently added covered carport, newer privacy fencing, a rear-entry two-car garage with extra storage, and ample additional parking for guests or multiple vehicles. The roof was replaced in 2025, providing peace of mind for years to come. A hot tub is negotiable for those seeking an added touch of relaxation. With its prime location close to everything Waco has to offer, this move-in-ready home is a rare opportunity. Schedule your showing today and see the possibilities for yourself!

Investor Tools

Property Icon
$247,500
Estimated Property Value
$199,034Estimated Mortgage Balance
$48,466Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$252,324
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,485 /month
Positive
Cash Flow Estimate:
$495 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$582/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,743
$247,500
2025
$19,420
$228,080
$247,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,743
$247,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Unknown
$191,468
No
First
Jun 21, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$199,034
$48,466
19%
80%
$1,308/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,308/mo
$-1/mo
6.3%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Waco

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1000 Melrose Dr | Property Details | No Agent List