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NoAgentList RatingHow are grades calculated?Info

$1,559,000

NAL Estimated Property Value

2281 Buster Chatham Rd, Waco, TX, 76705

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,284 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$689.58 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Gas Range, Microwave, Double Oven, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Washer, Wine Cooler
FlooringCeramic Tile, Hardwood

Exterior

Exterior FeaturesDock, Fire Pit, Rain Gutters, Lighting, Private Entrance, Private Yard, RV Hookup, Storage
Lot Size7.32 acres

Building Information

Year Built2004
Stories1
Roof Type105
Garage Spaces4

Land Information

APN200223030001010
Lot Number1
SubdivisionCasas Del Rio Part Two
Land UseAgriculture / Farming
Legal DescriptionCASAS DEL RIO PART TWO LOT 1 BLOCK 1 ACRES 7.322
Census Tract003402
Assessment Year2025

About this property

Rare opportunity to acquire two fully renovated homes nestled along the serene banks of the Brazos River. This 7.233-acre riverfront estate offers the perfect combination of luxury living and natural beauty. This property is ideal for those seeking both relaxation and recreation in a first-class space. A total of 3800+ square feet of luxury living including 4 bedrooms, and 4 baths, two kitchens, picturesque living areas, and Brazos riverfront. The main residence is a stunning 2,284 sq. ft. two-bedroom, two-bath home, meticulously restored in 2023. Inside, you’ll find a chef’s kitchen equipped with GE Monogram and Café appliances, a 150-bottle Avallon wine chiller, leathered countertops, and custom cabinetry with soft-close features. A vaulted, hand-stained cedar ceiling and custom antler chandelier crown the spacious living room, which also features a gas log fireplace for cozy evenings. Luxurious details abound, including Duchateau engineered white oak flooring, level 7 smooth wall finishes, and a custom wrought iron over-sized front door. Modern comforts include dual-pane windows, foam insulation throughout, a Rinnai tankless water heater, a Moen bidet toilet in the master bath, and pre-wiring for an external generator. The guest house, beautifully renovated in 2022, offers 1,200 sq. ft. of living space with two bedrooms and two bathrooms. Perfect for visitors or multi-generational living, it features gorgeous views of the Brazos River, just like the main home. A concrete boat ramp and composite deck make life on the river seamless. Whether boating, fishing, sail-gating to McLane Stadium for Baylor football, or simply enjoying the peaceful riverfront sunsets from your deck, this property delivers a rare opportunity to own a turnkey riverfront estate with unmatched privacy, luxury, and functionality.

Investor Tools

Property Icon
$1,559,000
Estimated Property Value
$447,748Estimated Mortgage Balance
$1,111,252Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,450 /month
Positive
Cash Flow Estimate:
$3,150 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,045/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,742
$748,674
2025
N/A
N/A
$900,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,742
$748,674

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Caliber Home Loans Inc
Conventional
$496,000
No
First
Apr 23, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$447,748
$1,111,252
71%
29%
$2,974/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,354/mo
$2,974/mo
$-1,620/mo
1.0%

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.

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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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2281 Buster Chatham Rd | Property Details | No Agent List