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$129,000

NAL Estimated Property Value

1226 Baylor Ave Apt 122, Waco, TX, 76706

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,024 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$148.44 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 3Bathrooms Full 3
HeatingHeating
CoolingCooling
AppliancesElectric Water Heater
FlooringLaminate, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Courtyard, Garden
Lot Size1,803 sqft

Building Information

Year Built1984
Stories1
Roof Type105

Land Information

APN480286000062222
Lot NumberA2
SubdivisionMax
Land UseResidential
Legal DescriptionMAX LOT A2 C2 D2 BLOCK 1 UNIT 122 1.35% CASABLANCA PHASE IV CONDO UNIT 122 1.35% CASABLANCA PHASE IV CONDO
Census Tract000402
Assessed Land Value$27,530
Assessed Improvement Value$85,484
Assessment Year2025

About this property

This updated condo is a great fit for students, young professionals, or investors looking for low-maintenance living. It’s in a gated community just a short walk from Baylor University. Residents at Casablanca enjoy great amenities like a community pool, gated parking, and no yard work. The condo has two stories. Upstairs, there are two large bedrooms, and each one has its own private bathroom. One of the bedrooms even has a big covered balcony—perfect for relaxing outside. Downstairs, the main living area has fresh paint, extra storage, and a half bathroom. There’s also a space for a washer and dryer—and both appliances are included. The kitchen opens up to the dining area, making it easy to cook and entertain at the same time. Recent updates include new granite countertops in the kitchen and bathrooms, new kitchen cabinets, new sinks, a new oven with an electric cooktop, and a refrigerator!

Investor Tools

Property Icon
$129,000
Estimated Property Value
$0Estimated Mortgage Balance
$129,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$912 /month
Positive
Cash Flow Estimate:
$304 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$280/month
$189/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,721
$113,014
2025
$27,530
$85,484
$113,014
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,721
$113,014

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$129,000
100%
0%
$0/mo

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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1226 Baylor Ave Apt 122 | Property Details | No Agent List