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$205,000

NAL Estimated Property Value

2119 Summer Ave, Waco, TX, 76708

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,208 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$219.37 / sqft
Year BuiltBuilt in 1923

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating Space/SuspendedHeating Space/Suspended
AppliancesMicrowave, Refrigerator, Gas Water Heater
FlooringCarpet, Laminate

Exterior

Lot Size8,250 sqft

Building Information

Year Built1923
Stories1
Roof Type105
Garage Spaces4

Land Information

APN480176000128000
Lot Number10
SubdivisionFarwell Hts
Land UseResidential
Legal DescriptionFARWELL HTS LOT 10 BLOCK 22 ACRES .1894
Census Tract001100
Assessed Land Value$16,420
Assessed Improvement Value$135,670
Assessment Year2025

About this property

Experience the perfect blend of modern updates and classic charm in this newly renovated 3-bedroom, 1-bath home—complete with a open concept living and dining room a, dedicated laundry room, and a, cozy high top breakfast bar! The exterior features brand-new siding, a tasteful stone façad, and beautiful cedar wood framing, creating undeniable curb appeal. A newly poured concrete driveway leads to the 2-car carport, ensuring plenty of covered parking and convenience. Guest House: Tucked away on the property is a 2-bedroom, 1-bath guest house with its own private parking access. Featuring a remodeled kitchen and bathroom, this space is perfect for guests, extended family, or rental income. 672 Square feet Zoned R-3E – A Prime Investment Opportunity! One of the most attractive features of this property is its R-3E zoning. In Waco, R-3E zoning typically allows for single-family homes, duplexes, and certain multi-family uses, making this an exceptional find for buyers looking to maximize their investment. Whether you’re considering a multi-generational living arrangement, long-term rentals, or even short-term vacation stays, the flexibility offered by R-3E zoning opens up a world of possibilities. (Buyers are encouraged to verify allowable uses with city.)

Investor Tools

Property Icon
$205,000
Estimated Property Value
$0Estimated Mortgage Balance
$205,000Estimated 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

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$357/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,256
$152,090
2025
$16,420
$135,670
$152,090
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,256
$152,090

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$205,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
N/A
+$1,330/mo
7.8%

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: Waco

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2119 Summer Ave | Property Details | No Agent List