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Days15Days on Market
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$525,000

693 Mclaughlin Road, Woodway, TX, 76712

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,815 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$186.5 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Must-SellHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Gas Range, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Lot Size2.61 acres

Building Information

Year Built1997
Stories1
Roof Type105
Garage Spaces2

Land Information

APN360084000021000
SubdivisionBurns A
Land UseResidential
Legal DescriptionBURNS A TRACT 9 ACRES 2.61
Census Tract002900
Assessed Land Value$63,060
Assessed Improvement Value$311,940
Assessment Year2025

About this property

MOTIVATED SELLER! Rare opportunity to assume a 2.75% VA loan for qualified buyers. The loan may be assumed by non-veterans with lender approval and sufficient funds to cover the seller's equity position (Second Mortgage is a possibility to pay for equity position). Enjoy the perfect blend of luxury, space, and country living in this beautifully updated 4-bedroom, 2.5-bath home situated on 2.6 acres in highly desirable Woodway and zoned to Midway ISD. Conveniently located just off Highway 6, you'll enjoy the peace and privacy of rural living while remaining just minutes from shopping, dining, schools, and all that Waco has to offer. Inside, the home features fresh paint, updated lighting, luxury vinyl plank flooring, crown molding, and spacious living areas filled with natural light. The inviting family room showcases a gas log fireplace, custom finishes, and a wall of windows with French doors leading to the large covered patio. The well-appointed kitchen offers custom cabinetry, granite countertops, a gas range, pantry, and breakfast area, while the formal dining room provides the perfect setting for holiday gatherings and entertaining. The isolated primary suite serves as a private retreat with dual vanities, a soaking tub, separate shower, and generous closet space. Three additional bedrooms and a versatile bonus room off the utility area provide flexibility for a home office, hobby room, workout space, or additional storage. Equestrian enthusiasts and hobby farmers will appreciate the property's horse fencing and impressive 36' x 120' barn featuring 20 stalls and arena space. Whether you're looking for room for horses, livestock, equipment, or recreational use, this property offers endless possibilities. This unique property delivers the best of both worlds—country charm, modern updates, exceptional acreage, and an unbeatable Woodway location.

Investor Tools

$353,589Estimated Mortgage Balance
$156,411Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

Interested in this property?

Todd Talbert

Weichert, Realtors - The Eastland Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$577/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,369
$375,000
2025
$63,060
$311,940
$375,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,369
$375,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lakeview Loan Servicing Llc
Va
$404,676
Yes
First
Dec 5, 2019
Jan 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$353,589
$156,411
30%
69%
$2,427/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,520/mo
$2,427/mo
$-907/mo
3.6%

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.

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: Woodway

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693 Mclaughlin Road | Property Details | No Agent List