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$475,000

2815 Cumberland Avenue, Waco, TX, 76707

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,190 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$216.89 / sqft
Year BuiltBuilt in 1938

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater
FlooringCeramic Tile, Hardwood, Tile

Exterior

Exterior FeaturesPrivate Yard
Lot Size12,375 sqft

Building Information

Year Built1938
Stories2
Roof Type105
Garage Spaces2

Land Information

APN480122000319006
Lot Number16
SubdivisionDean
Land UseResidential
Legal DescriptionDEAN LOT 16 B17 BLOCK 18 ACRES 0.2841
Census Tract000900
Assessed Land Value$26,730
Assessed Improvement Value$560,870
Assessment Year2025

About this property

The Dean Highland neighborhood in Waco is celebrated for its select blocks of picturesque pre-war homes — from Craftsman bungalows and Victorian mansions to Colonial Revivals and, in this case, an English Tudor. Built in 1939, this Dean Highland Tudor retains its original charm while recent owners have thoughtfully upgraded the comforts and livability, marrying period detail with modern conveniences. This home sits within earshot of St. Louis Catholic Church’s bells and within easy walking distance of the beloved Highland Baptist Church and Dean Highland Elementary. A long driveway leads to secure parking behind an automatic custom iron gate and a fully fenced yard. At the driveway’s end a former rear garage has been thoughtfully reimagined as a nearly 600-square-foot guest house, newly renovated and complete with a kitchenette and three-piece bath — ideal for guests, an income suite, private studio or even entertaining space. Inside, original hardwood floors, refined millwork, and sparkling Art Deco crystal chandeliers coexist effortlessly with an open, light-filled plan that connects living, dining, kitchen and an incredible sunroom. The kitchen is bright and sophisticated, appointed with chrome fixtures, Café appliances, elegant countertops and backsplash, abundant full-height cabinetry, and a large pantry, mudroom, laundry for exceptional functionality. A flexible downstairs fourth bedroom could serve gracefully as a possible office or playroom. Upstairs, the primary suite honors the home’s generous proportions: a roomy walk-in closet with built-in dresser and an expansive en-suite bath featuring a classic clawfoot soaking tub, a substantial walk-in shower, dual vanities, and ample storage. Two additional well-scaled bedrooms share a beautifully updated bathroom that respects the original character. The expansive backyard feels like a private garden, with space for play, raised kitchen garden bed, a greenhouse, and a large custom storage building.

Investor Tools

Property Icon
$587,600
Estimated Property Value
$0Estimated Mortgage Balance
$481,414Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,526 /month
Positive
Cash Flow Estimate:
$1,175 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,075/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,964
$587,600
2025
$26,730
$560,870
$587,600
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,964
$587,600

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Bank Na
Stand Alone First / Home Equity First Lien
$115,200
No
First
Apr 25, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$106,186
$481,414
81%
18%
$691/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,354/mo
$691/mo
+$663/mo
2.8%

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.

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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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2815 Cumberland Avenue | Property Details | No Agent List