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Days188Days on Market
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$1,100,000

5004 Gholson Rd, Waco, TX, 76705

On MarketInfo
Beds3 Beds
Baths4 Bath
Baths3,145 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$349.76 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Water Heater, Microwave, Double Oven, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Concrete, Tile

Exterior

Exterior FeaturesFire Pit, Rain Gutters
Lot Size9.85 acres

Building Information

Year Built2017
Stories2
Roof Type105
Garage Spaces3

Land Information

APN200180650006000
Lot Number6
SubdivisionFirewheel Flower
Land UseAgriculture / Farming
Legal DescriptionFIREWHEEL FLOWER LOT 6 BLOCK 1 ACRES 9.854
Census Tract003402
Assessed Land Value$99,600
Assessed Improvement Value$1,043,900
Assessment Year2025

About this property

This rustic lodge-style retreat sits on approximately 7.5 acres of open Texas land, set behind a gated entry with a long private drive that gives the whole place a quiet, tucked-away feel. The wraparound porch pulls you in right away, and the outdoor spaces are set up for unwinding with room to grill, gather, or relax under the wide country sky. Inside, the home blends stone accents, stained concrete floors, wood beams, and custom trim, creating warm spaces filled with natural light. The living room centers around a pellet stove and opens to a kitchen that’s both stylish and practical with granite countertops, a large island, and stainless-steel appliances. The main-level suite feels peaceful with its own laundry room, a fully tiled walk-in shower, and a spacious closet. Upstairs offers two additional bedrooms, two ensuite-full baths, and a generous loft that overlooks the main living area, giving everyone room to spread out. The property includes an impressive collection of workshops and storage buildings (over 12,000 sq. ft) with room for equipment, projects, and hobbies. One building features an upstairs apartment with two bedrooms, two baths, a full kitchen, and its own deck, making it ideal for guests or other uses. For those who enjoy tending animals or simply appreciate well-planned space, the barn includes a chicken coop, aviary, tack room, power, water, and a covered area, all set near the tank that serves as a useful water source. There’s a sense of calm throughout the property, from the stone paths winding between buildings to the open green views that stretch out in every direction. With its thoughtful layout, flexible spaces, and relaxed setting, this place offers a lifestyle that feels both grounded and inviting.

Investor Tools

Property Icon
$1,143,500
Estimated Property Value
$0Estimated Mortgage Balance
$1,143,500Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,861 /month
Positive
Cash Flow Estimate:
$2,287 /month

Interested in this property?

Jeffery Bird

Keller Williams Realty, Waco

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,573/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,158
$1,143,500
2025
$99,600
$1,043,900
$1,143,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,158
$1,143,500

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,143,500
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
1.4%

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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5004 Gholson Rd | Property Details | No Agent List