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Days62Days on Market
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$624,900

$649,900

518 Rye Cir, Waco, TX, 76657

Under ContractInfo
Price DropInfo
Beds5 Beds
Baths4 Bath
Baths3,211 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$194.61 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Cooktop

Exterior

Lot Size22,651 sqft

Building Information

Year Built2021
Stories2
Roof Type105
Garage Spaces2

Land Information

APN362670580004300
Lot Number30
SubdivisionTrails Of Oakridge Ph 4
Land UseResidential
Legal DescriptionTRAILS OF OAKRIDGE PH 4 LOT 30 BLOCK 4 ACRES .52
Census Tract003901
Assessed Land Value$55,720
Assessed Improvement Value$466,190
Assessment Year2025

About this property

A second chance to own this exceptional Midway ISD home! Back on the market after the previous buyer's contingent home sale did not move forward, creating a new opportunity for another buyer. Now offered at an improved price of $624,900. Welcome to this custom John Houston home featuring 5 bedrooms, 4 full bathrooms, and over 3,200 square feet, tucked away at the end of a quiet cul-de-sac on more than half an acre in Midway ISD. Built in 2021, this home offers the kind of space, flexibility, and modern design that's hard to find. The open-concept layout seamlessly connects the living, dining, and kitchen areas, creating an inviting space for everyday living and entertaining. Engineered wood flooring throughout the main living areas and abundant natural light add warmth and style. The extended primary suite offers a spacious retreat complete with a large walk-in shower and a private flex room that easily functions as a home office, nursery, workout space, or additional closet. Upstairs, you'll find generously sized secondary bedrooms, a private en-suite bedroom, and a second laundry area, providing a flexible layout for guests, multigenerational living, or simply keeping everyday life organized. Step outside to enjoy the oversized backyard with room to relax, play, garden, or create your own outdoor retreat. The covered back patio is the perfect place to unwind or entertain. Conveniently located with easy access to Waco and McGregor, shopping, dining, and everyday amenities, this home offers the space, functionality, and value today's buyers are searching for. Highlights: • Custom John Houston Home • 2021 Construction • Midway ISD • 5 Bedrooms, 4 Full Bathrooms, 3,211 Sq. Ft. • Flexible Floor Plan • Dedicated Office + Private Flex Space • Upstairs En-Suite Bedroom + Second Laundry Room • Extended Primary Suite • Covered Back Patio • Quiet Cul-de-Sac Location

Investor Tools

Property Icon
$643,000
Estimated Property Value
$118,200Estimated Mortgage Balance
$529,232Estimated Equity
82% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,858 /month
Positive
Cash Flow Estimate:
$1,286 /month

Interested in this property?

Ryan Simpson

Greater Waco Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,108/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,084
$521,910
2025
$55,720
$466,190
$521,910
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,084
$521,910

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Phh Mortgage Services Corp
Conventional
$118,200
No
First
Jun 28, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$113,768
$529,232
82%
18%
$709/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: Waco

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518 Rye Cir | Property Details | No Agent List