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$214,473

NAL Estimated Property Value

2306 Melissa Drive H4, Waco, TX, 76708

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,239 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$145.28 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

BankruptcyOff-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesDisposal, Electric Water Heater, Microwave, Refrigerator
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size2,631 sqft

Building Information

Year Built1982
Stories1
Garage Spaces1

Land Information

APN480438080046000
Lot Number1
SubdivisionWeston
Land UseResidential
Legal DescriptionWESTON LOT 1 BLOCK A UNIT 4 BLDG H 2.06% THE FIRST EDITION UNIT 4 BLDG H 2.06% THE FIRST EDITION
Census Tract002700
Assessed Land Value$13,540
Assessed Improvement Value$244,940
Assessment Year2025

About this property

This beautiful two-bedroom condo is located in The First Edition, a gated community, off Cobbs Dr. The open floor plan includes a large living room with a wood-burning fireplace open to the kitchen and breakfast area. Beautifully updated, some features include stainless steel appliances, granite countertops, tile backsplashes, AC system, flooring, paint throughout, lighting fixtures, blinds, crown molding, and more. The bathroom has also been beautifully updated. There is a covered balcony with a storage closet off the breakfast and living area. One covered parking space is provided. This one is move-in ready. Must see!! Seller financing available.

Investor Tools

Property Icon
$214,473
Estimated Property Value
$143,066Estimated Mortgage Balance
$71,407Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,287 /month
Positive
Cash Flow Estimate:
$429 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$332/month
$176/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,916
$214,473
2025
$13,540
$244,940
$258,480
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,916
$214,473

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Laraby Financial Group Inc
Conventional
$153,805
No
First
Aug 27, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$143,066
$71,407
33%
67%
$923/mo

City: Waco

2306 Melissa Drive H4 | Property Details | No Agent List