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$635,000

NAL Estimated Property Value

129 Karem Rd, Waco, TX, 76710

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,707 Sq Ft
price_per_sqft$380.79 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesWater Purifier, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Ice Maker, Microwave, Refrigerator, Tankless Water Heater
FlooringMarble, Tile, Wood

Exterior

Exterior FeaturesFire Pit, Rain Gutters
Lot Size11,935 sqft

Building Information

Year Built1954
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480250000019001
Lot Number17B
SubdivisionKarem Park
Land UseResidential
Legal DescriptionKAREM PARK LOT 17B BLOCK 1 ACRES .274
Census Tract002498
Assessed Land Value$59,800
Assessed Improvement Value$372,250
Assessment Year2025

About this property

Mid Century Modern Masterpiece in Beautiful Karem Park. A rare find, this luxurious home and separate approx. 500 sq ft guest house have been meticulously renovated from top to bottom with high end finishes. Located just minutes to Waco’s thriving downtown, Baylor University, Magnolia and Cameron Park. Walk to coffee shops, restaurants and local shopping. Talk about curb appeal! Stunning dark exterior, mature trees and landscaping, updated windows, deck and the show stopper – extra wide custom built pivot front door. Step inside to the light and airy open space with new white oak floors throughout, ventless gas fireplace, built in bar with oak cabinetry, ice maker and even a dog crate! Smart features include Hue lighting, Sonos sound system, Nest cameras and custom window shades. Open kitchen to the living and dining area is the perfect place to entertain. Original refinished cabinetry with the addition of smart storage solutions is the perfect blend of vintage and new. Large island with plenty of seating, coffee bar, gas cooktop, Italian tile backsplash, walk in pantry and built in banquette with storage. Custom oak Dutch door leads to the shady backyard with firepit. Primary suite features oak French doors to a wood deck and completely remodeled ensuite bath. Both baths feature new tile throughout, custom floating oak cabinetry, heated flooring, elevated fixtures and lighting. Guest room or office has a built in Murphy bed and oak cabinetry. Imagine working from home with the stunning view out the front windows! Approx. 500 sq ft detached guest house, apt. with living area and bedroom area, kitchenette and dining plus large marble bath with heated flooring, walk in closet with washer and dryer. Modern mechanicals including: updated electrical, plumbing, foam insulation, tankless water heater, new roof on main house (2025) guest house (2023), generator, sprinkler system, new fencing on sides, gated driveway and storage building.

Investor Tools

Property Icon
$635,000
Estimated Property Value
$992,748Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,900 /month
Positive
Cash Flow Estimate:
$1,300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$933/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,015
$432,050
2025
$59,800
$372,250
$432,050
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,015
$432,050

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Joel Rytzell
Unknown
$500,000
No
First
Dec 29, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$992,748
N/A
0%
156%
$5,996/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$5,996/mo
$-4,689/mo
2.5%

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.

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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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129 Karem Rd | Property Details | No Agent List