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$399,000

3401 Oakridge Lane, Waco, TX, 76708

$405,952 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,458 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$162.33 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Gas Water Heater
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size12,589 sqft

Building Information

Year Built1971
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480266050015007
Lot Number15
SubdivisionLake Heights
Land UseResidential
Legal DescriptionLAKE HEIGHTS LOT 15 BLOCK 1 ACRES .289
Census Tract003000
Assessed Land Value$33,240
Assessed Improvement Value$251,760
Assessment Year2025

About this property

Timeless charm, modern updates, and a convenient location make this home a fabulous choice! Tucked away in Lake Heights, you'll find a wide, dead end street with mature trees and beautifully maintained custom homes. 3401 Oakridge Lane is no exception! Recently renovated, this home's amenities start at the curb with mature oak trees, a spacious courtyard waiting for your green thumb and patio furniture. The interior is even more beautiful, with a formal living and dining area just off the entry. A beautifully updated kitchen with granite counters, a 5 burner cooktop, and breakfast area awaits just behind the formal dining, and a spacious second living area with vaulted ceilings, a gas fireplace, and easy access to the back yard. The greatest surprise is the huge bonus room with built-in cabinetry, a sink, and nearly unlimited potential! Tucked behind the home are established native perennials, a wide concrete drive, and a workshop building with electricity. Throughout this property, you'll find big beautiful windows, spacious bedrooms, generous storage, and well-planned closets. The primary suite has separate closets, dual vanities with beautiful granite counters, and a spacious shower. The hall bath is flanked by the two secondary bedrooms and has a tub and shower combo. The convenient location to Lake Shore Drive provides easy access to all that Waco has to offer without the high speed traffic of I-35!

Investor Tools

$292,876Estimated Mortgage Balance
$102,124Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$405,951
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,394 /month
Positive
Cash Flow Estimate:
$798 /month

Interested in this property?

Carol Pope

Niche Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$700/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,429
$285,000
2025
$33,240
$251,760
$285,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,429
$285,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Central National Bank
Building Or Construction Loan
$316,000
No
First
Jul 15, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$292,876
$102,124
25%
74%
$1,895/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$1,895/mo
$-565/mo
4.0%

City: Waco

3401 Oakridge Lane | Property Details | No Agent List