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$1,400,000

3010 Inverness Drive, Waco, TX, 76710

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths3,698 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$378.58 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Electric Water Heater, Double Oven, Vented Exhaust Fan
FlooringCarpet, Vinyl, Wood

Exterior

Exterior FeaturesBuilt-in Barbecue, Storage
Lot Size25,417 sqft

Building Information

Year Built1970
Stories1
Roof Type183
Garage Spaces3

Land Information

APN480241030004001
Lot Number4
SubdivisionInverness Place
Land UseResidential
Legal DescriptionINVERNESS PLACE LOT 4 BLOCK 1 ACRES .5835
Census Tract002600
Assessed Land Value$70,400
Assessed Improvement Value$459,600
Assessment Year2025

About this property

Recently appraised for more than $1,400,000, this exceptional opportunity is poised to pay dividends for investors and savvy buyers seeking unlimited upside in their personal home! ~~~ Exceedingly rare and nearly impossible to find, lakeview homes for sale in Waco are so uncommon that most trade hands before even coming to market. The ultra-coveted 'sunset view' homes are even more scarce because their caretakers simply don't want to leave. Once they do, the homes often require significant investments in deferred maintenance, foundation work, and require the new owners to manage quirky floor plans with stairs leading to primary bedrooms, if not all bedrooms. ~~~ Presenting a unique opportunity to acquire nearly 4,000 square feet in a single level with sublime sunset views; this distinctive residence is simply peerless in today's market. From it's generous deck to the swath of windows lining the back of the home, this home consummately captures the very views which make this extraordinary location so desirable. ~~~ Showcasing a floorplan with superb flexibility, the home's three bedrooms, three living areas, two dining areas, and powder bath combine to create an exceptional canvas ready for updating with little to no changes required. Generous rooms, multiple potential uses and even a doubling of the spacious primary suite are all possible and enticing. There's simply no bad choice at this picture perfect home! ~~~ Buyers of 'sunset view' homes are often confronted with multiple offers and a high stress purchase. Should you be seeking this distinctive opportunity, pace is of paramount importance. Call or text today to realize the views of your dreams and reserve this storied home for your own legacy. ~~~ Homes with Lake Waco views rarely come to the market. For those with serious interest, immediate inquiry is strongly encouraged. Please request to see the recent appraisal on file.

Investor Tools

$778,877Estimated Mortgage Balance
$421,123Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,400 /month
Positive
Cash Flow Estimate:
$2,800 /month

Interested in this property?

Matthew McLeod

The McLeod Company

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$901/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,812
$530,000
2025
$70,400
$459,600
$530,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,812
$530,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
North American Savings Bank Fsb
Unknown
$780,000
No
First
May 7, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$778,877
$421,123
35%
65%
$4,677/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,354/mo
$4,677/mo
$-3,323/mo
1.4%

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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