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$374,900

118 Spring Lake Dr, Lacy Lakeview, TX, 76705

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,882 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$199.2 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDouble Oven, Dishwasher, Electric Cooktop, Electric Water Heater
FlooringCarpet, Hardwood, Laminate

Exterior

Lot Size1.58 acres

Building Information

Year Built1985
Stories1
Roof Type105
Garage Spaces4

Land Information

APN200324000065008
SubdivisionEaton A P
Land UseResidential
Legal DescriptionEATON A P TRACT 1-10D ACRES 1.58
Census Tract003200
Assessed Land Value$71,580
Assessed Improvement Value$232,710
Assessment Year2025

About this property

Spring Lake is one of the Waco Area's best kept secrets--a neighborhood in Lacy Lakeview, nestled between Hwy 77 and the Gholson Road, with homes set among mature trees and small lakes on the site of the original James Connally golf course. At 118 Spring Lake Drive, this one-owner rock home sits on 1.58 acres with property lines extending into two small lakes. There are even rumors that there may be fish in the larger one! Built in 1985 the home offers 1882 square feet, four bedrooms and two full baths. The fourth bedroom with a large walk-in closet and exterior door could also serve as a home office. A rock fireplace brings character to the living area, while a covered wrap around porch offers a welcoming place to enjoy the setting. This property also features mature oak trees in the front yard, a large metal two-level workshop with RV storage, a well and well house, and two driveways--one leading to a covered carport and the other to a side two car garage. All photos have been virtually staged and the final two photos are AI-generated renderings showing concepts for a possible outdoor kitchen and deck or a guest house that could be built where the metal shop is located. The home is being sold as is, so come dream a little and make it your own.

Investor Tools

$0Estimated Mortgage Balance
$335,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,249 /month
Positive
Cash Flow Estimate:
$750 /month

Interested in this property?

Cynthia Marable

AG Real Estate & Associates

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$356/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,597
$304,290
2025
$71,580
$232,710
$304,290
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,597
$304,290

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$335,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
4.7%

City: Lacy Lakeview

118 Spring Lake Dr | Property Details | No Agent List