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$265,000

1601 Alston Dr, Waco, TX, 76705

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,491 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$177.73 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesMicrowave, Vented Exhaust Fan, Gas Water Heater
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size15,499 sqft

Building Information

Year Built1960
Stories1
Roof Type105
Garage Spaces2

Land Information

APN280108010039003
Lot Number2
SubdivisionCrows Timber Crest
Land UseResidential
Legal DescriptionCROWS TIMBER CREST LOT 2 BLOCK 4 ACRES .3558
Census Tract001800
Assessed Land Value$27,440
Assessed Improvement Value$182,560
Assessment Year2025

About this property

Welcome to 1601 Alston Dr., a charming 3-bedroom, 2-bath home nestled on a spacious corner lot in Waco's established Timber Crest neighborhood. Inside, you'll find a functional layout with multiple living spaces, including a cozy second living area featuring beautiful built-in shelving. The updated kitchen offers plenty of space for cooking and entertaining, while the generously sized bedrooms provide comfort for family or guests. Step outside to enjoy the covered extended patio overlooking a large backyard shaded by mature trees—perfect for relaxing or hosting gatherings year-round. A rear-entry two-car garage adds convenience, and the home's prime location offers quick access to Highway 6, I-35, Baylor University, downtown Waco, shopping, and dining. Don't miss this opportunity to own a home that combines space, character, and an unbeatable location!

Investor Tools

$200,932Estimated Mortgage Balance
$21,156Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,590 /month
Positive
Cash Flow Estimate:
$530 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$383/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,487
$210,000
2025
$27,440
$182,560
$210,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,487
$210,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$216,015
Yes
First
Aug 19, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$200,932
$16,068
7%
91%
$1,296/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,296/mo
+$11/mo
7.1%

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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