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A+
NoAgentList RatingHow are grades calculated? Info

$98,500

2703 Colonial Ave, Waco, TX, 76707

$128,050 ARVInfo
Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,259 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$98.13 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Water Heater
FlooringVinyl, Wood

Exterior

Lot Size8,250 sqft

Building Information

Year Built1920
Stories1
Roof Type105

Land Information

APN480199000208007
Lot Number13
SubdivisionGinocchio
Land UseResidential
Legal DescriptionGINOCCHIO LOT 13 BLOCK 18 ACRES .1894
Census Tract000800
Assessed Land Value$21,780
Assessed Improvement Value$76,720
Assessment Year2025

About this property

HUD #513-244120. Looking for a cute, remodeled home with tons of charm in the heart of Waco? This 2 bedroom, 1 full bath home sits on a deep, partially fenced lot. This home has been recently remodeled and features hardwood flooring throughout with a spacious, sunny living room attached to a formal dining room area that has many windows to let in the natural light! Step into the spacious kitchen with tons of work space and room for entertaining. The two bedrooms offer tons of space, and the full bathroom features a modern, tiled shower and and fresh updates. Enjoy evenings out on the back porch that overlooks the spacious, tree-shaded and fenced backyard. This space is perfect for entertaining guests or just for some quiet time. Schedule your personal showing today! Go to HUDHOMESTORE.com, property#513-244120 for more information. Managed by Raine & CompanyLLC.www.RaineCompany.com. Open to all bidders.

Investor Tools

Property Icon
$98,500
Estimated Property Value
$0Estimated Mortgage Balance
$98,500Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$128,050
Rent-to-Value Ratio: 0.72%
Rent Estimate
$741 /month
Positive
Cash Flow Estimate:
$247 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$298/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,083
$98,500
2025
$21,780
$76,720
$98,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,083
$98,500

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$98,500
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
15.9%

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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