Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours

$325,120

NAL Estimated Property Value

1248 Drake Ct, Waco, TX, 76710

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,597 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$154.98 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Wood

Exterior

Lot Size5,205 sqft

Building Information

Year Built2012
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480137050003130
Lot Number13
SubdivisionErwin Addition Pud
Land UseResidential
Legal DescriptionERWIN ADDITION PUD LOT 13 BLOCK 3 ACRES .1195
Census Tract002498
Assessed Land Value$38,790
Assessed Improvement Value$286,330
Assessment Year2025

About this property

Stunning patio home available in the wonderful, gated community of Magnolia Villas, in the heart of Waco, Texas! This adorable, 1597 sqft, 3 bed, 2 & 1/2 bath home boasts a genuinely open-concept floor plan, and is replete with wood burning fireplace, granite kitchen countertops, custom bookcases, cabinets and contiguous wood-look floors to name but a few features! Check out all that natural light from the windows and french doors! The primary suite is very well-sized, with a handsome, tiled shower, and even access to the covered side patio! The other two bedrooms are of excellent size, joined by a jack and jill bathroom with separate vanities either side of a tub-shower combo and WC. The home also has a half bath for additional convenience, and a separate utility room for extra practicality. Not just a pretty face, this home is spray foam insulated to help maintain efficiency, along with high-end dual pane windows and a storm door. Even the garage has been insulated, given flooring and had a mini-split installed for both heating and cooling! What a bonus! So whether you care to tinker with your classic project car, use it as additional office/living space (not included in the listed square footage), or just park in it, the options are all there, and in blissful warm or cool too! The yard is privacy fenced either side and the garage is rear entry. Within walking distance to HEB and even local restaurants and cafes, and of course with all the amenities the Waco area has to offer (including downtown and the famous Silos), this property really has something for everyone! So don't delay, reach out before it is gone!

Investor Tools

Property Icon
$325,120
Estimated Property Value
$0Estimated Mortgage Balance
$325,120Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,951 /month
Positive
Cash Flow Estimate:
$650 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$722/month
$120/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,041
$325,120
2025
$38,790
$286,330
$325,120
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,041
$325,120

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$325,120
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$120/mo
+$1,187/mo
4.8%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

1248 Drake Ct | Property Details | No Agent List