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$282,000

2829 Mount Carmel Dr, Waco, TX, 76710

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,508 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$198.28 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesGas Water Heater, Disposal, Microwave, Vented Exhaust Fan
FlooringWood

Exterior

Exterior FeaturesRain Gutters
Lot Size15,002 sqft

Building Information

Year Built1963
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480304010004009
Lot Number4
SubdivisionMountainview Est
Land UseResidential
Legal DescriptionMOUNTAINVIEW EST LOT 4 BLOCK A ACRES 0.3444
Census Tract002600
Assessed Land Value$38,400
Assessed Improvement Value$209,070
Assessment Year2025

About this property

Dreaming of living high on a hill, surrounded by mature oak trees, in one of the prettiest neighborhoods in Waco and with beautiful Lake Waco just one minute away? This may be your next home! 2829 Mount Carmel Drive is such a beautiful property both inside and out. This over-sized lot (.34 acre per CAD) boasts seven oak trees providing ample shade and graceful beauty. The front courtyard is a welcoming space with large flower beds ready for spring planting and a perfect spot to express your individual style. This early '60's home is well built and has amazing closet space for its petite size (1508 sqft per CAD) and the layout is thoughtful and efficient. Newer flooring throughout the entire home (including baths) provides a wonderful flow from room-to-room. Fresh neutral paint also brightens and opens the space up. Energy efficient windows were installed in 2015, full electrical update with surge protection and new panel installed recently and a bath remodel provides a walk-in shower with river-rock flooring and designer tile surround. The backyard features a hot tub with pergola covering and a large storage shed. The extended driveway with carport provides additional storage for boats, cars, etc.

Investor Tools

Property Icon
$282,000
Estimated Property Value
$269,637Estimated Mortgage Balance
$0Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,794 /month
Positive
Cash Flow Estimate:
$598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$575/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,494
$247,470
2025
$38,400
$209,070
$247,470
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,494
$247,470

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank Texas
Fha
$269,637
Yes
First
Apr 6, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$322,403
N/A
0%
114%
$2,039/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$2,039/mo
$-732/mo
5.6%

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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2829 Mount Carmel Dr | Property Details | No Agent List