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$275,000

3100 Colonial Avenue, Waco, TX, 76707

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,784 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$154.15 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesGas Water Heater, Tankless Water Heater
FlooringCombination, Hardwood, Tile, Vinyl

Exterior

Exterior FeaturesGarden
Lot Size10,995 sqft

Building Information

Year Built1947
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480060000025008
Lot Number13
SubdivisionBrookview Hills
Land UseResidential
Legal DescriptionBROOKVIEW HILLS LOT 13 BLOCK B ACRES .2495
Census Tract000800
Assessed Land Value$25,620
Assessed Improvement Value$237,250
Assessment Year2025

About this property

Not too small, not too big, but just RIGHT; this fabulous Brookview Hills home punches well above it's weight with SO MUCH to offer at a price significantly below what you might expect! --- With a recent, thorough, high quality remodel, this home features nearly new everything inside and the additional of several amenities outside! Boasting a two bedroom, two bathroom, two living room (eek!) layout across 1,784 square feet, you'll be left wanting for nothing given the home's appeal and practicality! ----- Inside, new flooring, custom cabinetry in all wet areas, new, custom bathrooms, and high end mill work create an atmosphere of quiet sophistication while the open layout and superb flow are casual and inviting. Outside, a new, extended covered patio, sequestered living space (which can be accessed from inside OR outside the home), a sprawling backyard, new storage building, and high end, secure dog kennels round out the impressive list of amenities which are unfound at many homes costing twice as much! ----- With the area seeing steady investment and solid appreciation, this might be one of your last chances to have a move-in, turn-key home that needs absolutely nothing for less than $300,000! Call or text to schedule your showing of this impressive home today!

Investor Tools

$210,967Estimated Mortgage Balance
$61,033Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

Interested in this property?

Matthew McLeod

The McLeod Company

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$113/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$262,870
2025
$25,620
$237,250
$262,870
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$262,870

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primary Residential Mortgage
Fha
$230,587
Yes
First
Dec 14, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$210,967
$61,033
22%
78%
$1,383/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,383/mo
$-76/mo
5.8%

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.

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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3100 Colonial Avenue | Property Details | No Agent List