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$485,000

NAL Estimated Property Value

3227 Macarthur Dr, Waco, TX, 76708

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,867 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$183.12 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Gas Water Heater, Microwave, Convection Oven, Warming Drawer
FlooringCeramic Tile, Combination, Hardwood

Exterior

Exterior FeaturesBarbecue, Built-in Barbecue, Gas Grill, Lighting, Outdoor Kitchen, Private Yard, Storage, Uncovered Courtyard
Lot Size36,416 sqft

Building Information

Year Built1949
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480058000007005
Lot Number7
SubdivisionBraywood Place
Land UseResidential
Legal DescriptionBRAYWOOD PLACE LOT 7 BLOCK 1 ACRES .8123
Census Tract002800
Assessed Land Value$34,230
Assessed Improvement Value$398,985
Assessment Year2025

About this property

Welcome to this beautifully updated 4-bedroom, 2.5-bath home nestled on a sprawling, tree-covered lot just minutes from Lake Waco. Combining timeless charm with modern upgrades, this home offers a perfect blend of comfort, style, and function in one of the area’s most iconic neighborhoods. Step inside to find three spacious living areas, including a formal living room with a cozy fireplace, an oversized den with soaring ceilings, and an enclosed patio with a wall of glass doors that flood the space with natural light and provide picturesque views of the park-like backyard: an ideal spot for relaxing with a book or morning coffee. The gourmet kitchen is a cook’s dream, featuring a brick accent wall, pot filler, built-in microwave, proofing oven, and ample workspace for entertaining or everyday meals. The split floor plan provides privacy, with a primary suite that offers a fireplace, multiple windows, and an updated en-suite bath with a large walk-in shower. The secondary bedrooms are generously sized with ample closet and storage space throughout the home. Outside, enjoy the shaded backyard with a remote-controlled iron gate and an outdoor kitchen complete with grill, sink, and beverage refrigerator — the perfect place to play or entertain! Recently, a two-car carport was added to the property, which also includes storage space and a workshop with electricity for projects, tools, or even charging a vehicle. An additional shed provides storage for lawn equipment. Surrounded by mature shade trees and minutes from shopping, major employers, and entertainment, this property offers a serene, convenient lifestyle in a truly one-of-a-kind setting.

Investor Tools

Property Icon
$485,000
Estimated Property Value
$188,900Estimated Mortgage Balance
$296,100Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$962/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,118
$433,215
2025
$34,230
$398,985
$433,215
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,118
$433,215

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$190,000
No
First
Jan 15, 2026
Feb 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$188,900
$296,100
61%
39%
$1,140/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,370/mo
$1,140/mo
+$230/mo
3.4%

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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3227 Macarthur Dr | Property Details | No Agent List