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B+
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$406,000

1405 Fossil Rdg, Waco, TX, 76712

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,331 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$175.89 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Microwave, Double Oven, Refrigerator
FlooringHardwood, Marble, Tile

Exterior

Exterior FeaturesPrivate Yard
Lot Size12,140 sqft

Building Information

Year Built2000
Stories1
Roof Type105
Garage Spaces2

Land Information

APN362274000002031
Lot Number3
SubdivisionFossil Ridge
Land UseResidential
Legal DescriptionFOSSIL RIDGE LOT 3 BLOCK 2 ACRES .2787
Census Tract003712
Assessed Land Value$51,000
Assessed Improvement Value$340,920
Assessment Year2025

About this property

Welcome to 1405 Fossil Ridge – a home that effortlessly combines comfort, functionality, and charm. Nestled in the peaceful Fossil Ridge subdivision and located within the highly regarded Midway ISD, this beautifully maintained residence invites you to experience thoughtful living at its finest. Natural light fills the home through custom window shutters, highlighting a flowing layout perfect for both relaxation and gathering. Inside, you’ll find two spacious living areas—one anchored by a cozy fireplace for quiet nights, and another that connects seamlessly to the open-concept kitchen, making everyday moments feel special. The kitchen itself is a true centerpiece, featuring rich wooden cabinetry, granite countertops, a prep island, double ovens, a built-in pantry, and an elevated bar for additional seating. A built-in desk area adds everyday convenience, while two distinct dining spaces—a formal room and a sunny breakfast nook—provide options for both elegant entertaining and casual meals. Tucked away from the other bedrooms, the private primary suite offers a serene escape, complete with dual closets, a spacious bathroom with tub, separate shower, and dual vanities. Each corner of the home reflects a thoughtful approach to design and comfort. Step outside to enjoy a generously sized backyard with a covered patio and sprinkler system—perfect for entertaining or simply unwinding in your own private outdoor space. Energy-efficient solar panels help keep utility costs low, and a two-car garage adds practicality to this inviting home. More than just a place to live, 1405 Fossil Ridge is a place to thrive—where style, comfort, and everyday ease come together beautifully. New Cedar Fence installed in August 2025.

Investor Tools

Property Icon
$406,000
Estimated Property Value
$217,600Estimated Mortgage Balance
$221,666Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,460 /month
Positive
Cash Flow Estimate:
$820 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$646/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$391,920
2025
$51,000
$340,920
$391,920
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$391,920

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Stand Alone First / Home Equity First Lien
$217,600
No
First
Oct 15, 2018
Nov 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$184,334
$221,666
54%
45%
$1,305/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,520/mo
$1,305/mo
+$215/mo
4.5%

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.

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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1405 Fossil Rdg | Property Details | No Agent List