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Days34Days on Market
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$188,000

$193,900

4924 Cobbs Dr Apt 2a, Waco, TX, 76710

On MarketInfo
Price DropInfo
Beds1 Beds
Baths2 Bath
Baths1,045 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$179.9 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 2Bathrooms 2
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave, Refrigerator
FlooringVinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Courtyard, Lighting
Lot Size1,886 sqft

Building Information

Year Built1966
Stories1

Land Information

APN480314010001080
Lot NumberA
SubdivisionNorth Tower Condo
Land UseResidential
Legal DescriptionNORTH TOWER CONDO LOT A BLOCK A APT 2A BLD A 1.22% APT 2A BLD A 1.22%
Census Tract002600
Assessed Land Value$15,090
Assessed Improvement Value$151,570
Assessment Year2025

About this property

Enjoy the flexibility, security and simplicity of condo living. Located in the Lake Air Tower this corner unit layout currently features one bedroom with an en-suite bathroom, plus a seperate guest bathroom for added convenience. The unit can be converted back to a two bedroom floor plan. The previous owner removed a wall to create a more open living area and installed a lighted bar, offering a unique space for entertaining. The bar can be removed to create a larger dining area or to facilitate the conversion back to a two bedroom layout. An additional area provides space for a small dining table, home office or study nook. Two private balconies provide outdoor living space and additional natural light. Residents enjoy the security of a controlled-access building and an impressive array of amenities, including a common basement area with laundry facilities, storage space, limited exercise equipment, a billiards table, and a gathering room. The facility also includes a larger meeting or party room for birthday parties, family gatherings, etc... Outdoor amenities include a courtyard with water feature, a very nice swimming pool reserved for residents and their guests, and two assigned covered parking spaces for residents. Conveniently located near shopping, dining and entertainment, this property is just minutes from downtown Waco. Non-realty items may convey.

Investor Tools

Property Icon
$174,000
Estimated Property Value
$158,400Estimated Mortgage Balance
$0Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,128 /month
Positive
Cash Flow Estimate:
$376 /month

Interested in this property?

James Griffin

Bentwood Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$385/month
$906/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,749
$166,660
2025
$15,090
$151,570
$166,660
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,749
$166,660

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amerifirst Home Loans Llc
Conventional
$158,400
No
First
Mar 21, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$309,792
N/A
0%
178%
$1,900/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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4924 Cobbs Dr Apt 2a | Property Details | No Agent List