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$211,499

3116 Summer Ave, Waco, TX, 76708

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,138 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$185.85 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating Space/SuspendedHeating Space/Suspended
AppliancesDishwasher, Gas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater
FlooringCeramic Tile, Tile, Wood

Exterior

Exterior FeaturesStorage
Lot Size37,618 sqft

Building Information

Year Built1950
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480436000035001
Lot Number18
SubdivisionWenz Hts
Land UseResidential
Legal DescriptionWENZ HTS LOT 18 BLOCK 3 ACRES .157
Census Tract000900
Assessed Land Value$108,720
Assessed Improvement Value$136,090
Assessment Year2025

About this property

Welcome home to this charming 3-bedroom, 1-bath beauty that's packed with character and modern upgrades! From the moment you step inside, you'll love the open-concept layout featuring a spacious dining area that's perfect for hosting family and friends. The heart of the home is the stunning chef's kitchen, complete with elegant Carrera marble countertops, a large farmhouse sink, black stainless steel appliances, a gas range, dishwasher, and microwave—everything you need to cook and entertain in style. Additional features include beautiful original hardwood floors, a stylish barn door leading to the office or third bedroom, a tankless water heater, and a beautifully updated tiled bathroom with dual vanities. Step outside to your private backyard retreat featuring a pergola-covered patio, a large fenced yard ideal for entertaining, and a storage building for added convenience. Located in a desirable neighborhood, this move-in-ready home is priced to sell and offers incredible value. Don't miss your opportunity to make it yours—schedule your showing today before it's gone!

Investor Tools

Property Icon
$211,041
Estimated Property Value
$129,609Estimated Mortgage Balance
$98,764Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,269 /month
Positive
Cash Flow Estimate:
$423 /month

Interested in this property?

Sherri Elwood

Greater Waco Realty, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$318/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,763
$211,041
2025
$108,720
$136,090
$244,810
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,763
$211,041

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wallick & Volk Inc
Fha
$129,609
Yes
First
Nov 22, 2019
Dec 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$112,277
$98,764
46%
53%
$778/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$778/mo
+$552/mo
7.6%

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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