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$296,000

NAL Estimated Property Value

1216 Merganser Way, Waco, TX, 76706

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,447 Sq Ft
price_per_sqft$206.63 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size5,998 sqft

Building Information

Year Built2017
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480266590002240
Lot Number24
SubdivisionLakes At University Parks
Land UseResidential
Legal DescriptionLAKES AT UNIVERSITY PARKS LOT 24 BLOCK 2 ACRES .1377
Census Tract001900
Assessed Land Value$44,750
Assessed Improvement Value$225,860
Assessment Year2025

About this property

Welcome to this adorable Baylor Bubble home that is perfect for investors, Baylor faculty and students! This is an excellent investment opportunity and priced to sell! Located in the highly sought after Lakes at University Parks subdivision and ideally situated with just a 3 minute drive to the Ferrell Center and approximately 5 minutes to the heart of Baylor University. Convenient access to shopping, dining and I-35 and Hwy 6 adds to the property's appeal. This well maintained home features 3 bedrooms, 2 full bathrooms and a 2 car garage that sits at the end of the cul de sac. The interior features a beautiful dining space that provides ample natural light, an open kitchen with granite countertops, an office nook and a gorgeous living space perfect for relaxing or entertaining! The outdoor area has a covered patio, fully fenced backyard and storage shed. The neighborhood also provides beautiful surroundings with a small lake and walking path. Come take a look at this gorgeous home today!

Investor Tools

Property Icon
$296,000
Estimated Property Value
$0Estimated Mortgage Balance
$296,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,794 /month
Positive
Cash Flow Estimate:
$598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$453/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,954
$268,180
2025
$44,750
$225,860
$270,610
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,954
$268,180

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$296,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
N/A
+$1,330/mo
5.4%

City: Waco

1216 Merganser Way | Property Details | No Agent List