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$490,000

NAL Estimated Property Value

4901 Meadow Wood Drive, Waco, TX, 76710

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,700 Sq Ft
price_per_sqft$183.33 / sqft
Year BuiltBuilt in 1957

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Gas Cooktop, Gas Oven, Microwave
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard
Lot Size22,934 sqft

Building Information

Year Built1957
Stories1
Roof Type105
Garage Spaces4

Land Information

APN480377030004005
Lot NumberD
SubdivisionShelby Sub
Land UseResidential
Legal DescriptionSHELBY SUB LOT D BLOCK A ACRES .5265
Census Tract002600
Assessed Land Value$43,810
Assessed Improvement Value$350,850
Assessment Year2025

About this property

Nestled beneath a canopy of massive mature oak trees in one of Waco’s most beautiful and established neighborhoods, 4901 Meadow Wood offers the perfect blend of character, comfort, and timeless mid-century charm. From the moment you arrive, the incredible tree-filled setting creates a peaceful retreat that feels tucked away in nature. Inside, you’ll find a thoughtfully updated 3-bedroom, 2-bath home featuring an office, a spacious second living area, and warm, inviting living spaces throughout. The main living room is centered around a cozy wood-burning fireplace and flows seamlessly into the large dining area and beautifully designed kitchen. The kitchen offers abundant cabinetry, a large island, gas range, and stunning windows that bring the outdoors in—making you feel like you’re living among the trees. The second living space overlooks the backyard and offers endless flexibility as a playroom, workout room, media space, or additional lounge area. The spacious primary suite features a beautifully remodeled bathroom complete with a large walk-in shower, updated cabinetry, and designer touches full of character and style. Secondary bedrooms are generously sized, while the guest bath includes double vanities for convenience. Step outside to your private backyard retreat filled with mature trees, a paved patio perfect for entertaining, and a fully fenced yard with plenty of room to relax and unwind. A workshop provides excellent space for tools, hobbies, or gardening needs. Additional highlights include a corner lot, two-car garage, and a roof replaced just one year ago. Beautifully updated while preserving its mid-century charm, this one-of-a-kind home offers a rare opportunity to own a truly special property in an exceptional Waco location.

Investor Tools

Property Icon
$490,000
Estimated Property Value
$281,933Estimated Mortgage Balance
$208,067Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,970 /month
Positive
Cash Flow Estimate:
$990 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$795/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,096
$394,660
2025
$43,810
$350,850
$394,660
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,096
$394,660

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wallick & Volk Inc
Conventional
$272,375
No
First
May 29, 2019
Jun 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$281,933
$208,067
42%
58%
$1,934/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,354/mo
$1,934/mo
$-580/mo
3.3%

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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4901 Meadow Wood Drive | Property Details | No Agent List