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$902,000

NAL Estimated Property Value

2508 Lake Oaks Rd, Waco, TX, 76710

$950,205 ARVInfo
Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths4,227 Sq Ft
price_per_sqft$149.02 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 2Bathrooms Half 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Double Oven, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan, Electric Water Heater, Tankless Water Heater
FlooringCarpet, Tile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesDog Run
Lot Size26,101 sqft

Building Information

Year Built1960
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480274030004000
Lot NumberD
SubdivisionLockwood Re Sub
Land UseResidential
Legal DescriptionLOCKWOOD RE SUB LOT D BLOCK E ACRES .5992
Census Tract002600
Assessed Land Value$44,640
Assessed Improvement Value$628,360
Assessment Year2025

About this property

Mid-century modern on one of the prettiest lots in North Waco! Home is surrounded by grand oaks with a gorgeous pool, yard, outside bath and bar area. Interior of the home includes a beautiful formal living space with gas log fireplace and has an open family room/kitchen/breakfast area with wall of windows for great views. Home has 4 bedrooms but 4th could easily be converted into a nice den. Master suite is a dream with master bath featuring rain/steam shower, whirlpool tub, fireplace, and dual closets. Dual sided fireplace can be seen from the master bedroom which also has French doors leading to the pool. New interior paint, new wood floors in many areas and great storage throughout are just a few of the fantastic features this home has to offer!

Investor Tools

Property Icon
$902,000
Estimated Property Value
$456,978Estimated Mortgage Balance
$445,022Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$950,204
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,412 /month
Positive
Cash Flow Estimate:
$1,804 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,439/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,762
$673,000
2025
$44,640
$628,360
$673,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,762
$673,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Conventional
$507,217
No
First
Mar 22, 2021
Apr 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$456,978
$445,022
49%
51%
$3,042/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,354/mo
$3,042/mo
$-1,688/mo
1.8%

City: Waco

2508 Lake Oaks Rd | Property Details | No Agent List