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$199,900

$205,000

401 Powers St, Lacy Lakeview, TX, 76705

On MarketInfo
Just AddedInfo
Price DropInfo
Beds3 Beds
Baths1 Bath
Baths1,172 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$170.56 / sqft
Year BuiltBuilt in 1915

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
CoolingCooling
AppliancesElectric Cooktop, Electric Oven, Electric Range, Electric Water Heater
FlooringHardwood, Laminate

Exterior

Lot Size15,002 sqft

Building Information

Year Built1915
Stories1
Roof Type105

Land Information

APN200291000045009
Lot Number1,2
SubdivisionLacy Summit
Land UseResidential
Legal DescriptionLACY SUMMIT LOT 1 2 BLOCK 7 ACRES .3444
Census Tract001600
Assessed Land Value$52,950
Assessed Improvement Value$58,750
Assessment Year2025

About this property

Charming and well-maintained 3-bedroom, 1-bath home situated on TWO spacious lots in the heart of Lacy Lakeview! Offering 1,172 square feet of comfortable living space, this move-in-ready home blends modern updates with timeless character. Recent improvements include an updated kitchen with cabinetry installed in 2021, updated plumbing, updated kitchen and hallway flooring, a refreshed third bedroom with its own mini-split system, and a new roof installed in January 2025. Original hardwood floors add warmth and charm throughout the living room, dining room, and two bedrooms. Step outside and enjoy a spacious backyard with endless possibilities. Whether you're dreaming of entertaining, gardening, adding a pool, or building your dream workshop, this property has the space to make it happen. Enjoy a covered back porch, mature shade trees, a charming garden arch, a growing pomegranate tree, chicken coop, and a 25' x 30' concrete slab ready for a future workshop, garage, or additional outdoor living space. One of the property's standout features is the active 20-foot well with approximately 13 feet of water year-round, providing added functionality and value. An automatic gated entrance with two remotes offers convenience, privacy, and security. The stove and all window blinds will convey with the sale. Conveniently located just minutes from TSTC, shopping, local dining, schools, and downtown Waco, this unique property offers the perfect balance of small-town charm, valuable updates, and room to grow.

Investor Tools

$27,175Estimated Mortgage Balance
$155,825Estimated Equity
85% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,199 /month
Positive
Cash Flow Estimate:
$400 /month

Interested in this property?

Renita Rodriguez

EG Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$259/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,190
$111,700
2025
$52,950
$58,750
$111,700
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,190
$111,700

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Abelono Chavez
N/A
$36,000
N/A
First
Apr 27, 2015
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$27,175
$155,825
85%
15%
$216/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$216/mo
+$1,091/mo
8.6%

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: Lacy Lakeview

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401 Powers St | Property Details | No Agent List