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$1,100,000

3515 Mitchell Rd, Waco, TX, 76708

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,295 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$479.3 / sqft
Year BuiltBuilt in 1948

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Double Oven, Refrigerator, Tankless Water Heater, Vented Exhaust Fan
FlooringHardwood, Tile

Exterior

Lot Size5.57 acres

Building Information

Year Built1948
Stories1
Roof Type105
Garage Spaces3

Land Information

APN480056020001009
Lot Number1,5
SubdivisionBradshaw Tr
Land UseResidential
Legal DescriptionBRADSHAW TR BLOCK A LOT 1 5.553 AC, STEPHENS J M (A-388) 0.014 AC, TOTAL 5.567 AC 5.553 AC, STEPHENS J M (A-388) 0.014 AC, TO
Census Tract002800
Assessed Land Value$90,090
Assessed Improvement Value$293,310
Assessment Year2025

About this property

Welcome to your private retreat, over 5.5 acres in the heart of the city! As you drive through the gate to the winding gravel road, an exceptional property awaits where wildflowers bloom and 200 year old trees dot the landscape. Step inside to discover a beautifully designed and completely updated home with 3 spacious bedrooms and 3 full bathrooms. The open-concept living area is perfect for entertaining, with abundant natural light flowing through large windows. The gourmet kitchen is a chef's dream, equipped with modern appliances, generous counter space, and ample storage. This home has been meticulously updated from top to bottom, with extra attention to the original integrity. Sunsets from the back porch overlooking your private pond are typically reserved for those many miles from the city, but you can have it right here in Waco! Ideally situated just minutes away from I-35, Baylor, shopping and dining, this property offers the perfect blend of seclusion and accessibility. Experience city living without sacrificing the peace and tranquility of nature!

Investor Tools

Property Icon
$392,000
Estimated Property Value
$690,000Estimated Mortgage Balance
$0Estimated Equity
-76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,600 /month
Positive
Cash Flow Estimate:
$2,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$711/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,571
$383,400
2025
$90,090
$293,310
$383,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,571
$383,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Extraco Banks Na
Conventional
$690,000
No
First
Jul 7, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$679,908
N/A
0%
173%
$4,137/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$4,137/mo
$-2,807/mo
4.1%

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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