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$783,000

330 Austin Ave Apt 302, Waco, TX, 76701

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,576 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$280 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
CoolingCooling
AppliancesElectric Water Heater, Disposal, Microwave, Refrigerator, Vented Exhaust Fan
FlooringTile, Wood

Exterior

Lot Size1,137 sqft

Building Information

Year Built2008
Stories2
Garage Spaces2

Land Information

APN487100000302000
SubdivisionThe Balconies: Downtown Condominiums
Land UseResidential
Legal DescriptionCONDO THE BALCONIES: DOWNTOWN CONDOMINIUMS, UNIT 302, 2.7578 % INT IN COMMON AREA
Census Tract000100
Assessed Land Value$56,850
Assessed Improvement Value$343,900
Assessment Year2025

About this property

The highly anticipated arrival of THE BALCONIES DOWNTOWN to the open market is finally here! A collection of 46 condominiums located in the vibrant Waco, TX downtown district – THE BALCONIES DOWNTOWN - have the allure of low maintenance living with picturesque city views from each private balcony. Extensive improvements to the exterior and common areas are underway and the results are creating a new buzz to the ever-growing excitement of Waco’s downtown and riverwalk districts. Condo Unit #302 is sure to impress with 12 ft ceilings, expansive rooms, floor to ceiling windows and a corner wrap-around balcony with panoramic views. This unit is assigned a covered parking space and an additional uncovered space which is an extremely valuable amenity for downtown living. Low monthly HOA dues include water, trash, exterior building insurance, security gates and common area upkeep. The gracious, neighborly atmosphere in the building is not conducive to short term rentals, hence, these are not allowed. THE BALCONIES DOWNTOWN offer the ease of living, working and playing all within steps of restaurants, coffee bars, book shops, pubs, boutiques, bakeries, the Farmer’s Market, Cameron Park, the Brazos River, the Art Center of Waco, Baylor Campus and the soon-to-be Foster Pavilion (Baylor Basketball Arena/Cultural Event Center).

Investor Tools

Property Icon
$783,000
Estimated Property Value
$375,088Estimated Mortgage Balance
$432,854Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,698 /month
Positive
Cash Flow Estimate:
$1,566 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$814/month
$266/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$400,750
2025
$56,850
$343,900
$400,750
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$400,750

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Central National Bank
Commercial
$375,088
No
First
Oct 5, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$350,146
$432,854
55%
45%
$2,249/mo

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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