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$256,000

1407 Chapel Downs Rd, Woodway, TX, 76712

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,310 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$194.66 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Water Heater, Microwave
FlooringLaminate, Tile

Exterior

Lot Size4,400 sqft

Building Information

Year Built1983
Stories1
Roof Type105
Garage Spaces2

Land Information

APN360089070060022
Lot Number15B
SubdivisionChapel Acres Est
Land UseResidential
Legal DescriptionCHAPEL ACRES EST LOT 15B BLOCK D ACRES .101
Census Tract003712
Assessed Land Value$21,600
Assessed Improvement Value$218,400
Assessment Year2025

About this property

Where can you buy a home for under appraised value..... HERE!!! This home was appraised at 260K in March 2025 !! Charming Home in the Heart of Woodway! This beautiful home is ideally located just down the road from Chapel Park Elementary, playgrounds, splash pads, and all the shopping and dining Woodway has to offer. With convenient access to major roadways, commuting to work, medical facilities, and daily errands is a breeze. Plus, downtown Waco is just 10 minutes away, offering endless entertainment, dining, and cultural experiences. Perfectly sized for a starter home or downsizing, this 1,307-square-foot home features 2 bedrooms and 2 bathrooms. Step inside to a warm and inviting living space centered around a stunning brick wood-burning fireplace, creating the perfect cozy atmosphere. The living area flows seamlessly into a spacious kitchen and dining area, filled with natural light from beautiful bay windows. The main bathroom offers both hallway access for guests and a private entrance to the secondary bedroom for added convenience. The primary bedroom features its own ensuite bathroom, ensuring comfort and privacy. Outside, enjoy a spacious backyard and a detached garage for vehicle parking and extra storage. Don't miss out on this incredible opportunity to own a charming home in a fantastic location!

Investor Tools

Property Icon
$256,000
Estimated Property Value
$208,000Estimated Mortgage Balance
$51,352Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,536 /month
Positive
Cash Flow Estimate:
$512 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$417/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,719
$240,000
2025
$21,600
$218,400
$240,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,719
$240,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Conventional
$208,000
No
First
Jun 18, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$204,648
$51,352
20%
80%
$1,248/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,470/mo
$1,248/mo
+$222/mo
6.9%

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: Woodway

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1407 Chapel Downs Rd | Property Details | No Agent List