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$224,000

503 3rd Street, Valley Mills, TX, 76689

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,266 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$185.55 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
AppliancesDisposal, Electric Water Heater, Microwave, Tankless Water Heater
FlooringVinyl

Building Information

Year Built1965

Land Information

APNR07375
Lot Number3,4
Land UseResidential
Legal DescriptionVALLEY MILLS OT BLOCK 25 LOT 3 & 4
Census Tract950700
Assessed Land Value$22,500
Assessed Improvement Value$167,074
Assessment Year2025

About this property

In the heart of Valley Mills, this beautifully reimagined 3-bedroom, 2-bath home is practically brand new from the inside out. Thoughtfully renovated down to the studs, every detail has been carefully selected to blend modern style with timeless comfort. Step inside to a bright and airy great room, where soaring vaulted ceilings create a welcoming space that flows seamlessly from the living and dining areas into a stunning kitchen. Richly painted custom cabinetry, gleaming quartz and granite countertops, and sleek stainless steel appliances make this kitchen a true showpiece, complete with an oversized island and gold-accented fixtures for a touch of elegance. Retreat to the primary suite, where a spacious walk-in closet and spa-like bathroom offer a private oasis. The additional bedrooms provide plenty of space, each designed with comfort in mind. Spray foam insulation ensures energy efficiency, while the instant hot water system adds everyday convenience. Outside, the backyard offers endless possibilities, whether it's entertaining under the Texas sky or simply enjoying a quiet evening on the backyard concrete patio. Located just 20 minutes from Waco’s shopping, dining, and medical facilities, this home offers the perfect balance of small-town charm and city convenience. A rare gem that feels like new, ready to welcome its next chapter.

Investor Tools

Property Icon
$224,000
Estimated Property Value
$0Estimated Mortgage Balance
$11,144Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,409 /month
Positive
Cash Flow Estimate:
$470 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$369/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,312
$189,574
2025
$22,500
$167,074
$189,574
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,312
$189,574

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Granite Community Bank
Fha
$216,015
Yes
First
Jul 30, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$212,856
$11,144
4%
95%
$1,296/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.

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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: Valley Mills

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503 3rd Street | Property Details | No Agent List