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1265 Drake Court

1265 Drake Court, Waco, TX 76710
Property in Heart of Texas
Sold Sep 11, 2020
$10,000,000
$8,000,000 by Simmons Bank
Mortgage
Sold Sep 11, 2020
Transfer
1265 Drake Court in Waco, TX was first built in 2011 and is 13 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1265 Drake Court has 1,433 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 460 ft and the linear feet between the front and back of the lot is 1,120. In total, the area measurement of the land is 5,171 square feet.

Learn more about the property and building on this page. There is a unknown. The roof of the home is made of composition shingle. For those who need parking, there is a attached garage. The garage is 462 sqft. There are a total of 2 available parking spaces. The exterior walls of the home are made of brick veneer. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1265 Drake Court was last sold in Sep 9, 2020 for $10,000,000. According to our calculations, that's $5,277.04 per sqft. Current property owners are expected to pay $7,304 in taxes per year. The property on 1265 Drake Court was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $277,420. To break that down further, the land itself was valued at $38,580. While improvements to the property were assessed at a total of $238,840. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2011
  • Effective Year Built: 2011
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Exterior Walls Type: Brick veneer
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Type: Offsite
  • Garage Type: Attached
  • Garage Square Area: 462
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,171
  • Lot Size Depth Feet: 1,120
  • Lot Size Frontage Feet: 460
  • Total Building Area: 1,895
  • Gross Building Area: 1,895
  • Building Area: 1,433
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,433
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ERWIN ADDITION PUD
  • Land Acres: 0.119
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ERWIN ADDITION PUD LOT 5 BLOCK 2 ACRES .1187

Ownership

  • Current Owner : EGGERS JANINE D
  • Current Owner 2: JANINE D EGGERS REVOCABLE 2020
  • Previous Owner : EGGERS JANINE
  • Owner Before Previous Owner: JANINE EGGERS
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Waco Independent School District
  • Census Tract: 002498

Geography

  • Parcel: 48-013705-000205-0
  • Block: 2
  • Lot: 5
  • Municipality: CITY OF WACO
  • Latitude: 31.5362
  • Longitude: -97.1836

    Address

  • Full Address: 1265 Drake Ct
  • Address - House Number: 1265
  • Address - Street Name: Drake
  • Address - Suffix Type: Ct
  • State: TX
  • City Name: Waco
  • Carrier Code: C063
  • 4-Digit Zip Code: 4000
  • Zip Code: 76710

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,304
  • Tax Rate Code Area: 86

    Appraisal Valuation

  • Standard Deviation: 0.2599
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 63
  • Final Value: 293,763
  • High Value: 370,134
  • Low Value: 217,391

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $8,000,000
  • First Open Lien Mortgage Lender: SIMMONS BANK
  • First Open Lien Mortgage Recording Date: Sep 11, 2020
  • First Open Lien Mortgage Loan Amount: $8,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $277,420
  • Market Land Value: $38,580
  • Market Improvement Value: $238,840

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $277,420
  • Assessed Land Value: $38,580
  • Assessed Improvements Value: $238,840

    Sales

  • Current Sale Contract Date: Sep 09, 2020
  • Current Sale Recording Date: Sep 11, 2020
  • Current Sale Transaction ID: 11786944915
  • Current Sale Price: $10,000,000
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 2020031985
  • Previous Sale Recording Date: Sep 11, 2020
  • Previous Sale Contract Date: Sep 09, 2020
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SIMMONS BANK
  • First Mortgage Transaction Date: Sep 11, 2020
  • First Mortgage Loan Amount: $8,000,000
  • First Mortgage Loan Type: Commercial

About Heart of Texas



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Frequently Asked Questions

What neighborhood is 1265 Drake Court located in?
The 1265 Drake Court is a located in the neighborhood of Heart of Texas in Heart of Texas, Waco.
What is the average sales price for listings in 1265 Drake Court?
The average sales price for units in 1265 Drake Court is $0 currently.

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