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$1,028,000

NAL Estimated Property Value

3401 North Ridge Drive, Waco, TX, 76710

Off MarketInfo
Beds5 Beds
Baths5 Bath
Baths4,000 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$299.98 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesFire Pit, Storage
Lot Size18,774 sqft

Building Information

Year Built2004
Stories2
Roof Type105
Garage Spaces2

Land Information

APN480241030114009
Lot Number15
SubdivisionInverness Place
Land UseResidential
Legal DescriptionINVERNESS PLACE LOT 15 BLOCK A ACRES .431
Census Tract002600
Assessed Land Value$123,340
Assessed Improvement Value$595,350
Assessment Year2025

About this property

Views, views, and more views! Lake views, valley views, pond views, wildlife views, pool views, forest view. If a picture is worth a thousand words, North Ridge writes a book with the stunning showcase of nature and luxury living in this truly unique location. Experience attention to detail when you step through the 8' oak, iron and glass front door and behold 11' coffered ceilings highlighted with triple crown molding, telling you this is custom design top to bottom including the deep dark hardwood floors. The chefs kitchen features both over and under cabinet lighting, and an abundance of cabinetry, along with the Viking appliances, including the 48" gas stove with dual ovens, griddle and grill, plus separately a warming drawer and wine refrigerator, and a large pantry. The Sub-Zero refrigerator is a feature as well. The massive natural stone island is the focal point gathering family and friends in this open concept home. Take in the spectacular views of the floor to ceiling windows and 8' sliding glass doors framing the story book views, which lead out onto the 16' X 40' deck that overlooks the pond, pool, and Lake Waco. In the center of the room opposite the kitchen is a stone gas fireplace which can be enjoyed at anytime from the family, dining, and kitchen areas with a quick touch of the remote! This home is thoughtfully designed with 5 bedrooms, and 5 bathrooms, PLUS an office. There are two owners suites, one downstairs and one upstairs-both with large walk-in closets, the downstairs owners suite has two closets, both owners suites have separate bathtubs and separate showers, and both have private access to the exterior of the home and both have views of Lake Waco. There are two living areas, one downstairs and one upstairs, each of them have views of Lake Waco. Plantation shutters adorn nearly every window of the home. As wonderful as the inside of this home is, the outside shows off a mammoth deck punctuating miles of views. Indulge and take

Investor Tools

Property Icon
$1,028,000
Estimated Property Value
$878,117Estimated Mortgage Balance
$149,883Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,199 /month
Positive
Cash Flow Estimate:
$2,400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$967/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,469
$617,896
2025
$123,340
$595,350
$718,690
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,469
$617,896

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Bank Central Texas
Commercial
$892,500
No
First
Jun 30, 2025
Jun 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$878,117
$149,883
14%
85%
$5,351/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$5,351/mo
$-4,044/mo
1.5%

City: Waco

3401 North Ridge Drive | Property Details | No Agent List