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$515,000

129 Lemley Ln, Waco, TX, 76705

On MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,795 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$184.26 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesDishwasher, Dryer, Electric Water Heater, Microwave, Washer
FlooringCarpet, Laminate, Slate

Exterior

Private PoolPrivate Pool
Exterior FeaturesAwning(s), Fire Pit
Lot Size3.07 acres

Building Information

Year Built1999
Stories2
Roof Type105

Land Information

APN120043000203017
SubdivisionTomas De La Vega
Land UseResidential
Legal DescriptionTOMAS DE LA VEGA ACRES 3.07
Census Tract003500
Assessed Land Value$49,170
Assessed Improvement Value$499,010
Assessment Year2025

About this property

Located just minutes from Waco in the highly sought-after Axtell ISD, this one-owner property offers the ideal blend of country living and city convenience. Situated on approximately 3.07 acres with county taxes and no known restrictions, this property provides flexibility for a variety of uses. The spacious home features 5 bedrooms and 3 full bathrooms, including a room ideal for a large office, making it an excellent option for those who work from home. Designed with entertaining in mind, the property boasts an in-ground swimming pool, ample living areas, and generously sized bedrooms. The thoughtful layout offers both comfort and functionality, making it suitable for everyday living as well as hosting guests. Previously utilized as an Airbnb, this property also presents great potential for income-producing opportunities or multi-use living. Enjoy the serene surroundings of country life while being just minutes away from local amenities, shopping, dining, and popular attractions like Waco Surf. Whether you are looking for a primary residence, an investment property, or a private retreat with room to grow, this property offers a unique opportunity in a highly desirable location.

Investor Tools

$371,344Estimated Mortgage Balance
$177,403Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,289 /month
Positive
Cash Flow Estimate:
$1,096 /month

Interested in this property?

Bunny Mrosko

Bentwood Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$674/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,344
$548,180
2025
$49,170
$499,010
$548,180
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,344
$548,180

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Susser Bank
Credit Line (Revolving) / Heloc
$378,000
No
First
Jul 15, 2025
Jul 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$371,344
$176,836
32%
68%
$2,267/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,354/mo
$2,267/mo
$-913/mo
3.0%

City: Waco

129 Lemley Ln | Property Details | No Agent List