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$374,000

1220 Elise Ave, Waco, TX, 76706

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,016 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$185.52 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Dryer
FlooringVinyl

Exterior

Lot Size6,098 sqft

Building Information

Year Built2024
Stories2
Roof Type105
Garage Spaces2

Land Information

APN480266620007240
Lot Number24
SubdivisionLakes At University Parks Ph 4
Land UseResidential
Legal DescriptionLAKES AT UNIVERSITY PARKS PH 4 LOT 24 BLOCK 7 ACRES .14
Census Tract001900
Assessed Land Value$45,250
Assessed Improvement Value$294,040
Assessment Year2025

About this property

Discover this exceptional property! Located in a highly sought-after neighborhood just minutes from Baylor. Meticulously maintained by a single owner, and in pristine condition-hardly lived in. What truly sets this home apart is its remarkable condition. There are no visible wear and tear-just a space that feels completely move-in ready. It features four spacious bedrooms and three full bathrooms, offering the perfect blend of comfort. The primary bedroom provides a peaceful retreat, featuring generous space and an elegant feeling. Fourth bedroom is created to have flexible space-perfect as a guest suite or a home office.This home itself sits slightly elevated, designed to take full advantage of a stunning water-view. The kind of place where morning walks feel peaceful and evenings slow down naturally. It’s not just a house-it’s a place designed for calm, connection, and everyday beauty. Schedule your showing today.

Investor Tools

Property Icon
$370,000
Estimated Property Value
$0Estimated Mortgage Balance
$370,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,244 /month
Positive
Cash Flow Estimate:
$748 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$182/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$338
$339,290
2025
$45,250
$294,040
$339,290
No

Tax History

Year
Tax Paid
Assessed Value
2024
$338
$339,290

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$370,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,370/mo
$500/mo
+$870/mo
4.4%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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1220 Elise Ave | Property Details | No Agent List