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$260,000

501 Colcord Ave, Waco, TX, 76707

$307,362 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,913 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$171.98 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating Space/SuspendedHeating Space/Suspended
AppliancesDishwasher, Electric Range, Refrigerator

Exterior

Lot Size16,501 sqft

Building Information

Year Built1983
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480086000123012
Lot Number15
SubdivisionChamberlin & Taylor
Land UseResidential
Legal DescriptionCHAMBERLIN & TAYLOR LOT 15 BLOCK 18 ACRES .3788
Census Tract001300
Assessed Land Value$30,860
Assessed Improvement Value$94,140
Assessment Year2025

About this property

Discover your new retreat in the heart of Waco! This charming updated three-bedroom, two-bathroom residence blends modern updates with classic comfort. Step inside this open-concept living space bathed in natural light, contributing to a warm and welcoming ambiance throughout the home. The thoughtfully designed interior boasts two spacious living rooms, and a kitchen equipped with all new appliances, large island to gather around, ample cabinetry, huge walk-in pantry, and a breakfast nook. The primary bedroom and bathroom thoughtfully updated with contemporary fixtures and a generous walk-in shower. Two additional bedrooms are well-sized and share a stylish bathroom, completing the interior accommodations. This home provides two flex rooms to do with whatever your heart desires... office, playroom, game room. Outdoor, the property continues to impress with its beautifully updated exterior features. Simply unwind on the newly updated front porch, or beneath the backyard pergola that provides a charming element of shade. The backyard offers ample space for outdoor activities, fully enclosed by a recently installed wood fence for both privacy and security. Whether a first-time buyer or seeking a new sanctuary, this beloved property is sure to meet your needs. Don't miss the opportunity to own this home and make it your own slice of paradise in the heart of Texas.

Investor Tools

Property Icon
$260,000
Estimated Property Value
$192,750Estimated Mortgage Balance
$69,213Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$307,362
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,974 /month
Positive
Cash Flow Estimate:
$658 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$490/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,576
$125,000
2025
$30,860
$94,140
$125,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,576
$125,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nfm Lending
Conventional
$192,750
No
First
Oct 31, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$190,787
$69,213
26%
73%
$1,156/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,156/mo
+$151/mo
6.0%

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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501 Colcord Ave | Property Details | No Agent List