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$198,000

2511 Parrott Avenue, Waco, TX, 76707

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,463 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$135.34 / sqft
Year BuiltBuilt in 1925

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Gas Range, Refrigerator
FlooringLinoleum, Other, Wood

Exterior

Lot Size8,250 sqft

Building Information

Year Built1925
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480340000421004
Lot Number12
SubdivisionProvident
Land UseResidential
Legal DescriptionPROVIDENT LOT 12 BLOCK 35 ACRES .1894
Census Tract001000
Assessed Land Value$21,780
Assessed Improvement Value$313,850
Assessment Year2025

About this property

Built in 1925, this classic early 20th-century home offers the kind of character and craftsmanship that is increasingly hard to find. Inside, you’ll find original hardwood floors, a spacious layout, and plenty of natural light throughout. The living room features a decorative fireplace and opens to a formal dining room with an original built-in china cabinet that reflects the home’s historic character and provides both charm and functionality. The kitchen has been updated with stainless appliances, a gas range, refreshed countertops, and ample cabinet space. Exposed brick details and preserved architectural elements give the home a distinctive feel while honoring its original design. The home includes three bedrooms, two full bathrooms, and a small additional room that works well as a home office, study, nursery, or flex space. The primary bedroom includes a private bathroom, and the updates throughout have been thoughtfully completed while preserving the home’s original character. Outside, the large backyard offers plenty of room for gardening, entertaining, or future improvements, along with a raised deck and mature trees that create a peaceful setting. Owner financing is available with $20,000 down and a 9% interest rate. Terms are negotiable. A well-maintained historic home with original details, practical updates, and flexible financing options.

Investor Tools

$116,274Estimated Mortgage Balance
$219,356Estimated Equity
65% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,014 /month
Positive
Cash Flow Estimate:
$671 /month

Interested in this property?

Edwin Diaz

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$540/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,800
$335,630
2025
$21,780
$313,850
$335,630
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,800
$335,630

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Community Bank And Trust
Commercial
$121,000
No
First
Mar 8, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$116,274
$219,356
65%
35%
$726/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$726/mo
+$581/mo
4.7%

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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2511 Parrott Avenue | Property Details | No Agent List