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$329,900

3318 Mitchell Rd, Waco, TX, 76708

$353,389 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,584 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$127.67 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher

Exterior

Lot Size30,448 sqft

Building Information

Year Built1949
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480379000013000
Lot NumberA3
SubdivisionSligh S J Tr
Land UseResidential
Legal DescriptionSLIGH S J TR LOT A3 BLOCK 2 ACRES .699
Census Tract002800
Assessed Land Value$26,490
Assessed Improvement Value$324,000
Assessment Year2025

About this property

Welcome to 3318 Mitchell Avenue, a sprawling ranch-style home nestled on an oversized, tree-shaded lot in the heart of Waco! This is no ordinary brick ranch. This home offers character, space, and a wealth of possibilities for making it your own. Step inside to a welcoming, spacious entry that opens to the kitchen on the left and an expansive living room on the right. The generously sized kitchen offers plenty of room for meal preparation and entertaining, while the adjoining dining area features abundant built-in storage along the back wall and ample space for a large dining table that's perfect for gatherings. Toward the rear of the home, you'll find a dedicated office or study, along with convenient access to the carport. The impressive living room is a true highlight, featuring dual sliding glass doors that flood the space with natural light and open onto the back porch. Add in a striking brick fireplace and a stylish wet bar, and you have a wonderful setting for relaxing or entertaining in style! The spacious primary suite offers a comfortable retreat, complete with an oversized primary bath. Two additional bedrooms provide flexibility, while a second full bath serves the needs of the household. One of the secondary bedrooms boasts its own brick fireplace, adding even more character and charm. Step outside and discover even more to love! A custom water fountain creates a distinctive focal point in the backyard, while two outbuildings offer exciting possibilities. One could potentially be transformed into additional living quarters for extended family or guests, while the other provides valuable storage space. Whether you're envisioning a workshop, hobby space, extra storage, or a place to accommodate changing needs, the possibilities are plentiful!

Investor Tools

$271,085Estimated Mortgage Balance
$108,915Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$353,388
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,280 /month
Positive
Cash Flow Estimate:
$760 /month

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Eric Zadnik

Premier, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$553/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$324,776
2025
$26,490
$324,000
$350,490
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$324,776

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ocmbc Inc
Conventional
$283,500
No
First
May 16, 2024
Jun 2064

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$271,085
$108,915
28%
71%
$1,700/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,370/mo
$1,700/mo
$-330/mo
4.3%

City: Waco

3318 Mitchell Rd | Property Details | No Agent List