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$228,000

3612 Charlton Avenue, Waco, TX, 76711

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths840 Sq Ft
price_per_sqft$271.43 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesGas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan
FlooringHardwood

Exterior

Exterior FeaturesBarbecue, Storage
Lot Size8,398 sqft

Building Information

Year Built1950
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480406000139000
Lot Number7
SubdivisionTerrace Hts
Land UseResidential
Legal DescriptionTERRACE HTS LOT 7 BLOCK 8 ACRES .1928
Census Tract004300
Assessed Land Value$21,590
Assessed Improvement Value$164,700
Assessment Year2025

About this property

Welcome to a warm and inviting 2 bedroom cottage in the heart of Waco, offering a comfortable place to call home with the added benefit of flexibility for future use. Buy without worry as this home was rebuilt from the foundation up recently... studs, sheetrock, electric, plumbing, windows, hvac, roof, you name it! Inside, you will find hardwood floors, tasteful finishes, and carefully selected furnishings that create a relaxed and welcoming atmosphere. The living area is designed for everyday comfort, while the well equipped kitchen provides everything needed for both simple meals and entertaining. Two spacious bedrooms and a full bathroom offer a practical layout that works well for a variety of lifestyles. Step outside to enjoy a private patio, perfect for morning coffee, quiet evenings, or spending time with friends and family. The location offers exceptional convenience with quick access to Magnolia Market, Baylor University, downtown Waco, the Extraco Events Center, George’s Restaurant, Topgolf, Main Event, H E B grocery stores, and I 35, making daily living and commuting simple. The property is currently operating as an Airbnb known as Tia’s Cozy Cottage, providing an opportunity for buyers who may wish to continue short term rental use or simply enjoy it as a primary residence. All furnishings and contents are negotiable with the sale, allowing for a move in ready option if desired. Additional features include driveway parking for two vehicles, high speed WiFi, two smart TVs, and a quiet, established neighborhood setting.

Investor Tools

$138,440Estimated Mortgage Balance
$94,560Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,398 /month
Positive
Cash Flow Estimate:
$466 /month

Interested in this property?

Brook Dowd

CENTURY 21 Judge Fite Company

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$451/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,247
$186,290
2025
$21,590
$164,700
$186,290
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,247
$186,290

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank Texas
Conventional
$150,750
No
First
Jan 14, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$138,440
$94,560
40%
59%
$904/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,190/mo
$904/mo
+$286/mo
6.1%

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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