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$262,000

NAL Estimated Property Value

1214 Merganser Way, Waco, TX, 76706

$281,118 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,216 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$209.7 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Microwave, Vented Exhaust Fan, Electric Water Heater
FlooringLaminate

Exterior

Lot Size5,998 sqft

Building Information

Year Built2017
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480266590002230
Lot Number23
SubdivisionLakes At University Parks
Land UseResidential
Legal DescriptionLAKES AT UNIVERSITY PARKS LOT 23 BLOCK 2 ACRES .1377
Census Tract001900
Assessed Land Value$44,750
Assessed Improvement Value$200,250
Assessment Year2025

About this property

Discover your sanctuary in this exquisite 3-bedroom, 2-bathroom home nestled in a serene and secluded setting. Impeccably maintained and boasting fresh paint, new flooring, a cutting-edge irrigation system, an expansive extended patio, no HOA restrictions, no rear neighbors, and a new HVAC system installed in 2020, this property offers a rare blend of comfort, luxury, and seclusion. This property boasts an enviable location just minutes away from Baylor University, making it an ideal choice for students, faculty, and anyone seeking a short commute to this prestigious institution. Arrange a viewing today to experience the allure and serenity of this extraordinary property firsthand. With its unique combination of modern comforts and privacy, this home won't be on the market for long!

Investor Tools

Property Icon
$262,000
Estimated Property Value
$175,412Estimated Mortgage Balance
$86,588Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$281,118
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,572 /month
Positive
Cash Flow Estimate:
$524 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$441/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,979
$245,000
2025
$44,750
$200,250
$245,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,979
$245,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sofi Bank Na
Conventional
$183,750
No
First
Nov 2, 2023
Dec 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$175,412
$86,588
33%
67%
$1,102/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$1,102/mo
+$228/mo
6.1%

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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1214 Merganser Way | Property Details | No Agent List