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Waco 76710 Parkdale Viking Hills
1025 Melrose Drive
$222,000
● House - Off Market

1025 Melrose Drive

Waco, TX 76710
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,692 Ft²
$254,861
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Wonderful brick home with large covered patio located on corner lot.  Formal living room + large family room with built ins.  Great location close to shopping and schools. Central heat and air installed in July 2022.
Unit Size
1,692 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$149
Property Type
House
Property Taxes
$521
HOA Dues
-
Year Built
1965

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (NTREIS #214271)

Price History

Date / Event Date Event Price
May 31, 2023 Sold
Premium
Sold
Mar 21, 2023 Listed by Kelly, Realtors $252,900
Listed by Kelly, Realtors

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 460
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,627
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 770
  • Total Building Area: 2,152
  • Gross Building Area: 2,152
  • Building Area: 1,692
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,692
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARKDALE
  • Land Acres: 0000000221
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: PARKDALE LOT 20 BLOCK 21 ACRES .221

Neighborhood

  • School District Name: Waco Independent School District
  • Census Tract: 002501

Zoning

  • Zoning: R1B

Geography

  • Assessors Map Reference: PG 257
  • Parcel: 48-032702-018810-7
  • Block: 21
  • Lot: 20
  • Municipality: CITY OF WACO
  • Latitude: 31.5246
  • Longitude: -97.2013

    Address

  • Full Address: 1025 Melrose Dr
  • Address - House Number: 1025
  • Address - Street Name: Melrose
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Waco
  • Carrier Code: C093
  • 4-Digit Zip Code: 4237
  • Zip Code: 76710

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $446,400
  • Initial Tax Delinquent Year: 2017
  • Tax Rate Code Area: 86

    Appraisal Valuation

  • Standard Deviation: 0.2758
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 60
  • Final Value: 268,513
  • High Value: 342,570
  • Low Value: 194,457

    Market Valuation

  • Market Total Value: $263,520
  • Market Land Value: $21,760
  • Market Improvement Value: $241,760

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $195,066

    Sales

  • Current Sale Contract Date: May 31, 2023
  • Current Sale Recording Date: Jun 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 16320
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Parkdale Viking Hills

Stats & Trends

Median Asking:

$260,638

Sale Price/ft²

$164

Below Asking

0.03%

Average Days on Market

80

Average Home Size

1874 ft²

Average Home Age

58.8 years

Currently For Sale

27 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 300 Mill Creek Circle, Waco, TX, 76712

$1,700 /mo

  • 3 Beds
  • 2 Baths
  • 1,401 ft²
300 Mill Creek Circle, Waco, TX, 76712 Listing by Mandy Pickerill

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Sue Milam Reed, Kelly, Realtors
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 214271
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1025 Melrose Drive built and last sold?
The property at 1025 Melrose Drive was built in 1965 and last sold on May 31, 2023 for $236,208.
How much is this home worth?
The estimated value of the home located at 1025 Melrose Drive is $256,540.
What are some comparable homes to 1025 Melrose Drive?
There are currently no comparable homes to 1025 Melrose Drive.
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