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$1,500,000

421 Rice Ave, Waco, TX, 76708

On MarketInfo
Just AddedInfo
Beds6 Beds
Baths5 Bath
Baths5,762 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$260.33 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater
FlooringSee Remarks

Exterior

Exterior FeaturesStorage
Lot Size2.76 acres

Building Information

Year Built1950
Stories2
Roof Type105
Garage Spaces5

Land Information

APN480304000008003
Lot Number1011
SubdivisionMt Lookout
Land UseResidential
Legal DescriptionMT LOOKOUT LOT 1011 A12 C13 BLOCK A ACRES 2.756
Census Tract001300
Assessed Land Value$45,940
Assessed Improvement Value$918,160
Assessment Year2025

About this property

Exceptional space, character and versatility define this 5,762 sq ft home situated on 2.756 wooded acres in Waco. With 6 bedrooms and 5.5 baths, the expansive floor plan provides an impressive amount of room for living, entertaining, working and storage. The home features a formal living room, family room, den, formal and informal dining areas and two dedicated offices. One office is lined with beautiful floor-to-ceiling bookcases, creating an ideal library or executive workspace. The spacious family room is highlighted by a grand stone fireplace that creates a dramatic focal point. The large kitchen features abundant cabinetry, an island, informal dining space, electric appliances and three ovens, providing exceptional capacity for entertaining and large gatherings. An oversized laundry room adds valuable workspace and storage. Upstairs, the expansive primary suite incorporates two separate bedroom spaces, an ensuite bath with separate tub and shower and dual vanities. Six closets serve the primary suite, including a dedicated shoe closet. Three additional bedrooms feature private ensuite baths, providing excellent accommodations for family and guests. Additional storage is found throughout the home, including three dedicated storage rooms. Three HVAC systems are less than five years old, and new roofs were installed in 2026 on both the main residence and historic cabin. Also located on the property is the historic Hoyle Cabin, relocated to the site in 1955, adding a distinctive piece of Texas history to this exceptional Waco property.

Investor Tools

$0Estimated Mortgage Balance
$1,006,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,000 /month
Positive
Cash Flow Estimate:
$3,000 /month

Interested in this property?

Glenda Hall

UCRE Heart of Texas Land & Hom

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$428/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$101
$863,006
2025
$45,940
$918,160
$964,100
No

Tax History

Year
Tax Paid
Assessed Value
2025
$101
$863,006

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,006,000
100%
0%
$0/mo

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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421 Rice Ave | Property Details | No Agent List