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B+
NoAgentList RatingHow are grades calculated? Info

$133,770

2301 Melissa Drive, Waco, TX, 76708

$161,436 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,233 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$113.54 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave, Refrigerator
FlooringCarpet, Laminate

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size2,500 sqft

Building Information

Year Built1982
Stories1

Land Information

APN480438080049009
Lot Number1
SubdivisionWeston
Land UseResidential
Legal DescriptionWESTON LOT 1 BLOCK A UNIT 1 BLDG I 1.96% THE FIRST EDITION UNIT 1 BLDG I 1.96% THE FIRST EDITION
Census Tract002700
Assessed Land Value$12,890
Assessed Improvement Value$178,180
Assessment Year2025

About this property

Welcome home to this beautifully maintained condominium located in a quiet, gated community in Waco, Texas. This inviting residence offers comfort, convenience, and modern living with thoughtful details throughout. This condo features two spacious bedrooms and two full baths, including a downstairs primary suite for easy accessibility. The open living area boasts a cozy wood-burning fireplace, perfect for relaxing evenings. The kitchen comes fully equipped with all essential appliances which include a refrigerator, dishwasher, microwave, and range — making it move-in ready from day one. Outside, you’ll enjoy the convenience of one covered, designated parking space and an additional storage closet for extra belongings. Nestled within a well-kept, gated community, this condo provides both privacy and peace of mind while remaining close to shopping, dining, and major Waco attractions. Whether you’re looking for a primary residence, a downsizing opportunity, or an investment property, this Waco gem offers the ideal combination of comfort, security, and location.

Investor Tools

Property Icon
$133,770
Estimated Property Value
$0Estimated Mortgage Balance
$133,770Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$161,435
Rent-to-Value Ratio: 0.72%
Rent Estimate
$840 /month
Positive
Cash Flow Estimate:
$280 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$108/month
$162/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$632
$133,770
2025
$12,890
$178,180
$191,070
No

Tax History

Year
Tax Paid
Assessed Value
2024
$632
$133,770

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$133,770
100%
0%
$0/mo

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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2301 Melissa Drive | Property Details | No Agent List