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$348,000

NAL Estimated Property Value

1508 Elise Ave, Waco, TX, 76706

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,996 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$180.31 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Microwave
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size4,792 sqft

Building Information

Year Built2023
Stories2
Roof Type105
Garage Spaces1

Land Information

APN480266620007060
Lot Number6
SubdivisionLakes At University Parks Ph 4
Land UseResidential
Legal DescriptionLAKES AT UNIVERSITY PARKS PH 4 LOT 6 BLOCK 7 ACRES .11
Census Tract001900
Assessed Land Value$38,050
Assessed Improvement Value$242,750
Assessment Year2025

About this property

This four-bedroom, three-bathroom residence features a comfortable layout and offers a beautiful water view. The spacious kitchen, with its granite-topped island, seamlessly connects to the living room, creating a warm and inviting atmosphere throughout the home. The dining area showcases a truly enchanting window that adds character. With generously sized walk-in closets, high-end flooring, and soaring ceilings, this home offers an impressive blend of elegance and affordability. Additional features include extra cabinetry in the secondary bathrooms, stainless steel appliances, enhanced LED recessed lighting, and pre-wiring for pendant fixtures.

Investor Tools

Property Icon
$348,000
Estimated Property Value
$0Estimated Mortgage Balance
$348,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,159 /month
Positive
Cash Flow Estimate:
$720 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$785/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,676
$280,800
2025
$38,050
$242,750
$280,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,676
$280,800

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$348,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,370/mo
$500/mo
+$870/mo
4.7%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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1508 Elise Ave | Property Details | No Agent List