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$290,000

307 Morene Ave, Waxahachie, TX, 75165

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,599 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$181.36 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range
FlooringLaminate, Wood

Exterior

Lot Size8,146 sqft

Building Information

Year Built1998
Stories1
Roof Type105
Garage Spaces2

Land Information

APN90.4450.000.222.00.112
SubdivisionGingerbread Village Ph 1 & 2
Land UseResidential
Legal Description222 GINGERBREAD VILLAGE PHII REV
Census Tract060300
Assessed Land Value$60,000
Assessed Improvement Value$220,632
Assessment Year2025

About this property

STOP WHAT YOUR DOING AND COME SEE ME!!! This stunning residence boasts three spacious bedrooms, two well-appointed full bathrooms, and an expansive open living area adorned with laminate wood flooring. A delightful, covered bonus room extends from the dining area, leading to an outdoor covered patio overlooking a vast backyard. The generous primary bedroom is a true retreat, featuring a luxurious garden tub, a separate shower, and dual walk-in closets. Tucked away at the neighborhood's edge, this home promises tranquility with no through traffic and added privacy. It's conveniently located within walking distance of schools, fostering a strong sense of community. This is an ideal home and neighborhood for raising a family, conveniently located near shopping, entertainment, a trail that leads to the nearby park and dining options.

Investor Tools

Property Icon
$284,000
Estimated Property Value
$270,750Estimated Mortgage Balance
$20,061Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,740 /month
Positive
Cash Flow Estimate:
$580 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$443/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,898
$280,632
2025
$60,000
$220,632
$280,632
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,898
$280,632

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Conventional
$270,750
No
First
Dec 9, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$263,939
$20,061
7%
93%
$1,624/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,624/mo
+$348/mo
8.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Waxahachie

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307 Morene Ave | Property Details | No Agent List