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$857,000

NAL Estimated Property Value

3716 Chimney Ridge Drive, Waco, TX, 76708

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,652 Sq Ft
price_per_sqft$355.7 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesRefrigerator, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Gas Water Heater, Microwave, Double Oven, Vented Exhaust Fan, Other
FlooringCarpet, Other, See Remarks, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesFire Pit, Outdoor Grill
Lot Size39,435 sqft

Building Information

Year Built1990
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480090040059059
Lot Number64
SubdivisionChimney Hill
Land UseResidential
Legal DescriptionCHIMNEY HILL LOT 64 BLOCK 1 ACRES .9053
Census Tract002800
Assessed Land Value$232,670
Assessed Improvement Value$477,330
Assessment Year2025

About this property

Set on a quiet stretch of Chimney Ridge, this 4-bedroom, 3.5-bath home offers a rare combination of space, finish-out, and setting—all in the heart of Waco. With generous square footage and a functional layout, it’s designed for both everyday living and hosting. The kitchen anchors the main living space with a gas range, imported granite countertops, wine cooler, two dishwashers, and seamless flow into the dining and living areas. In the living room, custom 100% wool carpet adds durability and refinement, while a statement chandelier and Paris-sourced hardware bring subtle character throughout. The primary suite is a true retreat, featuring floor-to-ceiling windows overlooking the Lake Waco inlet and filling the room with natural light. The en suite bath offers dual vanities, a soaking tub, separate shower, and large walk-in closets. Two bedrooms are connected by a well-designed Jack-and-Jill bath, while a fourth bedroom offers flexibility as a guest room or office. What sets this property apart is the setting. Positioned on the water with a path down to the lake, the home overlooks a peaceful inlet with 16 acres of privately owned land across the water—unlikely to be developed—creating a level of privacy that feels more like a rural retreat than an in-town property. A brand new deck with gas grill hookup extends the living space outdoors—ideal for morning coffee or evening gatherings. The backyard is built for both relaxation and entertaining, featuring a pool, cabana, and fire pit area with plenty of space to gather or unwind, all oriented to take full advantage of the view. The neighborhood adds to the appeal—quiet, established, and genuinely connected, with neighbors who gather for monthly dinners and a strong sense of community that’s increasingly rare. A unique opportunity to own a well-appointed lakefront home with protected views, thoughtful upgrades, and a setting that stands out in Waco.

Investor Tools

Property Icon
$857,000
Estimated Property Value
$190,039Estimated Mortgage Balance
$666,961Estimated Equity
77% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,794 /month
Positive
Cash Flow Estimate:
$2,598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,501/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,727
$710,000
2025
$232,670
$477,330
$710,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,727
$710,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Conventional
$208,500
No
First
Sep 24, 2021
Oct 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$190,039
$666,961
77%
22%
$1,251/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,370/mo
$1,251/mo
+$119/mo
1.9%

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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3716 Chimney Ridge Drive | Property Details | No Agent List