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$229,000

$235,000

505 Pinewood Ln, Hewitt, TX, 76643

$255,292 ARVInfo
On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,740 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$131.61 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Refrigerator
FlooringLaminate

Exterior

Exterior FeaturesRain Gutters
Lot Size21,462 sqft

Building Information

Year Built1976
Stories1
Roof Type105
Garage Spaces2

Land Information

APN363320000049004
Lot Number23
SubdivisionRolling Meadows
Land UseResidential
Legal DescriptionROLLING MEADOWS LOT 23 BLOCK 3 ACRES .4927
Census Tract003708
Assessed Land Value$30,040
Assessed Improvement Value$256,320
Assessment Year2025

About this property

Welcome home to this charming brick home in the heart of Hewitt, Texas! Ideally located close to local schools, shopping, dining, and just a short drive to the entertainment and attractions of Downtown Waco, this home offers both convenience and comfort. Featuring three bedrooms, two bathrooms, and 1,740 square feet of living space, this home is a wonderful option for a first-time home buyer, growing family, or someone looking to downsize without sacrificing space. From the moment you arrive, the beautiful landscaping and inviting curb appeal create a warm and welcoming feel. With the garage entry located at the back of the home, the expansive driveway provides incredible flexibility with plenty of room for multiple vehicles, extra parking, or even the perfect spot for a basketball goal and outdoor fun. Inside, you are welcomed into an oversized living room anchored by a beautiful brick fireplace that adds character and charm to the space. The spacious living area seamlessly flows into the dining room and kitchen, creating the perfect layout for entertaining guests, hosting holidays, or simply enjoying everyday moments with family. Down the hall, you will find two comfortable secondary bedrooms with a conveniently located hall bathroom that also serves guests. The spacious primary suite offers its own private ensuite bathroom, creating the peaceful owner’s retreat you have been looking for. Step outside and discover the incredible backyard filled with endless possibilities. With its generous size and beautiful mature shade trees, there is plenty of room to create your dream outdoor space—whether that means a garden, play area, outdoor entertaining space, or simply a peaceful place to relax and enjoy Texas evenings. With a functional layout, welcoming charm, and an unbeatable location, this Hewitt home is ready for its next chapter!

Investor Tools

Property Icon
$254,670
Estimated Property Value
$144,000Estimated Mortgage Balance
$137,588Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$255,291
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,528 /month
Positive
Cash Flow Estimate:
$509 /month

Interested in this property?

Cody Berry

Graceland Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$353/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,968
$254,670
2025
$30,040
$256,320
$286,360
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,968
$254,670

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Central National Bank
Commercial
$144,000
No
First
Jul 5, 2017
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$117,378
$137,292
53%
46%
$864/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,720/mo
$864/mo
+$856/mo
8.1%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Hewitt

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505 Pinewood Ln | Property Details | No Agent List