Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Street View of property
Street View
A
NoAgentList RatingHow are grades calculated? Info

$699,900

5009 Lockwood Dr, Waco, TX, 76710

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths3,155 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$221.84 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Gas Water Heater, Refrigerator
FlooringBrick, Carpet

Exterior

Lot Size18,979 sqft

Building Information

Year Built1969
Stories2
Roof Type183
Garage Spaces2

Land Information

APN480266020033000
Lot Number15
SubdivisionLake Oaks
Land UseResidential
Legal DescriptionLAKE OAKS LOT 15 BLOCK C ACRES .4357
Census Tract002600
Assessed Land Value$42,330
Assessed Improvement Value$492,740
Assessment Year2025

About this property

A true entertainer’s dream in one of Waco’s most desirable locations! Bring your vision to beautiful Lockwood Drive and make this stunning home your own. Step through the grand wooden double doors into a welcoming courtyard, where the promise of something truly special awaits. With over 3,100 square feet of living space, this home is designed for those who love to entertain in style. From the elegant living room with floor-to-ceiling windows to the expansive outdoor spaces, this residence effortlessly blends sophistication with comfort. The light-filled living room offers breathtaking views of the surrounding patios and ravine below. The seamless connection to the outdoors makes it the perfect spot to relax or entertain. A wet bar connects the formal dining room to the functional kitchen, creating an ideal flow for hosting guests. The kitchen is equipped with a large pantry and granite countertops. Just off the kitchen, a cozy and versatile casual living space features a charming fireplace, offering a warm ambiance for everyday living or informal gatherings. The master suite continues the home’s theme of natural light and thoughtful design. It features exquisite built-ins and an abundance of hidden closet space. The en-suite bathroom offers double vanities and generous storage for a true retreat experience. Don’t miss the other unique, push-to-open closet mechanisms throughout the home, offering innovative, hidden storage solutions, including access to the laundry room. A guest bedroom and full bathroom complete the main house. Step outside to discover multiple stunning entertaining spaces, perfect for hosting gatherings or enjoying peaceful moments surrounded by nature. Head upstairs to the versatile studio apartment above the garage, an incredible bonus space awaiting your vision. This area could serve as a guest suite, home office, or art studio—endless possibilities. Recent updates include new decking, stairs, handrails, and fresh paint, adding a modern touc

Investor Tools

Property Icon
$613,000
Estimated Property Value
$562,500Estimated Mortgage Balance
$58,727Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,199 /month
Positive
Cash Flow Estimate:
$1,400 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,270/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,175
$535,070
2025
$42,330
$492,740
$535,070
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,175
$535,070

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Coast2coast Mortgage Llc
Conventional
$562,500
No
First
Jul 14, 2025
Aug 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$554,273
$58,727
9%
90%
$3,373/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$3,373/mo
$-2,066/mo
2.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

5009 Lockwood Dr | Property Details | No Agent List