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B+
NoAgentList RatingHow are grades calculated? Info
Days47Days on Market
Views1view
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$265,000

1616 Shelburne Street, Waco, TX, 76711

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,092 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$242.67 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

BankruptcyPre-ForeclosureHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Range, Electric Water Heater, Microwave

Exterior

Exterior FeaturesStorage
Lot Size10,829 sqft

Building Information

Year Built1952
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480377000229009
Lot Number3
SubdivisionShelby
Land UseResidential
Legal DescriptionSHELBY LOT 3 BLOCK 17 ACRES .2486
Census Tract004300
Assessed Land Value$24,910
Assessed Improvement Value$162,900
Assessment Year2025

About this property

Welcome to this charming 3-bedroom, 2-bathroom home offering 1,092 sq ft of thoughtfully designed living space located in South Waco, directly across from a public park. Step inside to an inviting open floor plan featuring vinyl wood flooring throughout and recessed lighting in the main living areas. The kitchen is both functional and stylish with granite countertops, a white backsplash, ample cabinet space, and modern floating shelves. The kitchen island includes built-in wall outlets and barstool seating, making it perfect for both everyday living and entertaining. The primary bedroom is privately located on the left side of the home, offering a quiet retreat with an ensuite bathroom that features a tiled tub shower combo. On the opposite side of the home, you’ll find two additional bedrooms along with a guest bathroom that also includes a tub shower combo with tile finishes and floating shelves for added storage. Step outside to a spacious backyard complete with a wooden deck, a fully fenced yard, and a storage shed. This outdoor space offers plenty of room for relaxation, gatherings, and everyday enjoyment. Conveniently located in South Waco with park views right across the street, this home blends comfort, functionality, and location all in one.

Investor Tools

Property Icon
$195,000
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% 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

Interested in this property?

Anel Perales

EG Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$317/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,830
$187,810
2025
$24,910
$162,900
$187,810
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,830
$187,810

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Fha
$223,870
Yes
First
Jun 16, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$222,489
N/A
0%
114%
$1,409/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,190/mo
$1,409/mo
$-219/mo
7.3%

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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