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B+
NoAgentList RatingHow are grades calculated?Info
Days49Days on Market
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$219,900

$224,900

1623 Burnett Ave, Waco, TX, 76706

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,282 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$171.53 / sqft
Year BuiltBuilt in 1900

Property Lead Type:

Absentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesGas Cooktop
FlooringVinyl

Exterior

Lot Size8,250 sqft

Building Information

Year Built1900
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480036000006006
Lot NumberB6
SubdivisionBell B F Sub
Land UseResidential
Legal DescriptionBELL B F SUB LOT B6 BLOCK 141 ACRES .1894
Census Tract000401
Assessed Land Value$38,200
Assessed Improvement Value$113,400
Assessment Year2025

About this property

Completely reimagined from the studs out, this isn't just a remodel—it's essentially a new home wrapped in timeless charm. Originally built in 1900, every major system has been thoughtfully updated, including the foundation, roof, HVAC, plumbing, electrical, windows, flooring, and finishes throughout, allowing you to enjoy the character of a historic home without the maintenance concerns that often come with one. Inside, the floor plan has been transformed for modern living. Removing the wall between the kitchen and living room created an open, inviting space filled with natural light, while the expanded layout now includes a true primary suite with a beautifully appointed private bath. The kitchen features custom cabinetry, quartz countertops, new stainless appliances, and abundant storage, seamlessly flowing into the living and dining areas—perfect for entertaining or everyday life. Every detail has been carefully considered, from the designer lighting and luxury vinyl plank flooring to the spa-inspired bathrooms and fresh interior and exterior finishes. Relax on the spacious covered front porch or enjoy the peace of mind that comes from knowing virtually every component of the home has already been replaced. The location is just as compelling. Situated minutes from Baylor University, downtown Waco, and the city's growing collection of restaurants, coffee shops, and entertainment, you'll enjoy easy access to everything Waco has to offer. With convenient access to I-35, commuting across town or traveling to Dallas, Austin, or beyond is simple, making this home equally attractive as a primary residence, game-day retreat, or long-term investment. If you've been searching for a home that combines historic character with the comfort, efficiency, and reliability of new construction, 1623 Burnett Ave. is a rare opportunity you won't want to miss.

Investor Tools

$52,979Estimated Mortgage Balance
$112,131Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,319 /month
Positive
Cash Flow Estimate:
$440 /month

Interested in this property?

Mick Murray

EG Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$444/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,502
$151,600
2025
$38,200
$113,400
$151,600
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,502
$151,600

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cairn Lending Llc
Unknown
$60,000
No
First
Jul 31, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$52,979
$123,021
69%
32%
$360/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,370/mo
$360/mo
+$1,010/mo
10.0%

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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1623 Burnett Ave | Property Details | No Agent List