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$1,031,000

NAL Estimated Property Value

3201 Wooded Acres Dr, Waco, TX, 76710

$1,089,448 ARVInfo
Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths4,426 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$212.16 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 5Bathrooms Full 5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesGas Water Heater, Tankless Water Heater, Disposal, Double Oven, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan
FlooringBrick, Carpet, Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size27,878 sqft

Building Information

Year Built1967
Stories1
Roof Type105
Garage Spaces3

Land Information

APN480241030043003
Lot Number1
SubdivisionInverness Place
Land UseResidential
Legal DescriptionINVERNESS PLACE LOT 1 BLOCK 4 ACRES .64
Census Tract002600
Assessed Land Value$279,060
Assessed Improvement Value$768,300
Assessment Year2025

About this property

Quality craftsmanship and a lake view await you in this exquisitely remodeled home in one of Waco’s finest neighborhoods! This masterpiece at 3201 Wooded Acres, originally built in 1967 for the Herman Coleman family, has been completely renovated from top to bottom. This home is an entertainer’s dream with the finest kitchen appliances, bright open spaces, and a lovely view of Lake Waco. Upon entering the home, a large foyer welcomes you into the main living area where you’ll find vaulted ceilings, a fireplace with hidden storage cabinets on either side, and a full wet bar with a built-in icemaker and beverage fridge. The living room opens directly to the sunroom which spans the length of the living room and kitchen and offers a wall of windows to showcase the views of the backyard and Lake Waco. The kitchen is designed with the chef in mind, with a Wolf gas range, double ovens, a built-in Subzero refrigerator, icemaker, large Subzero wine refrigerator, and beautiful quartzite countertops. Adjacent to the kitchen are two additional living spaces that can be used as a formal living room, dining room, or game room (one room was recently re-purposed as a “quarantine homework room”). There is also a custom-designed office space for the busy executive who needs a quiet place to work from home in addition to a smaller computer nook for managing the household. A large laundry room/mudroom has a built-in rack with cubbies for backpacks, wash sink, and extra storage. On the main level, the oversized master suite features a sitting area with gas log fireplace, views of the gorgeous backyard, and a bathroom that rivals any you may have seen! The master bathroom has double vanities, a large shower with two shower heads, a soaking tub, and a wall of storage cabinets and drawers in addition to the TWO walk-in closets! All of the custom inset cabinets were constructed by Willie Evans and the countertops, shower, and floors are made of the finest Gascogne limestone. Down t

Investor Tools

Property Icon
$1,031,000
Estimated Property Value
$453,455Estimated Mortgage Balance
$577,545Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$1,089,448
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,186 /month
Positive
Cash Flow Estimate:
$2,062 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,749/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,837
$926,044
2025
$279,060
$768,300
$1,047,360
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,837
$926,044

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$510,400
No
First
Aug 24, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$453,455
$577,545
56%
44%
$3,061/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,354/mo
$3,061/mo
$-1,707/mo
1.6%

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.

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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: Waco

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3201 Wooded Acres Dr | Property Details | No Agent List