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Waco 76704 Carver
501 Dearborn Street
$78,143
● House - Off Market

501 Dearborn Street

Waco, TX 76704
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,824 Ft²
$100,033
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Excellent investment opportunity in the up-and-coming East Waco area - a vibrant, small business hub within blocks of the historic Elm Street revitalization. The Brazos River, MLK Drive, Cameron Park, Doris Miller Memorial, downtown Waco, Magnolia Silos, new hotels and the coming soon "Brazos Riverwalk" are just minutes away. 501 Dearborn has a new HVAC system. Solid home with great bones and good layout, however, NEEDS TLC and is priced accordingly. The half bath can easily be enlarged to accomodate a shower or tub. Fireplace with electric logs, built-ins and a fabulous, mature Magnolia tree in the front yard! SOLD AS IS - No repairs will be made by owner.
Unit Size
1,824 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$52
Property Type
House
Property Taxes
$234
HOA Dues
-
Year Built
1951

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #204539)

Price History

Date / Event Date Event Price
Feb 25, 2022 Sold
Premium
Sold
Nov 3, 2021 Listed by Kelly, Realtors $95,000
Listed by Kelly, Realtors

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,560
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 540
  • Total Building Area: 1,824
  • Gross Building Area: 1,824
  • Building Area: 1,824
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,824
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CARVER PARK NO 2
  • Land Acres: 0000000174
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: CARVER PARK NO 2 LOT 7 BLOCK 2 ACRES .1736

Neighborhood

  • School District Name: Waco Independent School District
  • Census Tract: 001400

Zoning

  • Zoning: R1B

Geography

  • Assessors Map Reference: PG 192
  • Parcel: 48-007803-001900-8
  • Block: 2
  • Lot: 7
  • Municipality: CITY OF WACO
  • Latitude: 31.5751
  • Longitude: -97.1372

    Address

  • Full Address: 501 Dearborn St
  • Address - House Number: 501
  • Address - Street Name: Dearborn
  • Address - Suffix Type: St
  • State: TX
  • City Name: Waco
  • Carrier Code: C004
  • 4-Digit Zip Code: 1823
  • Zip Code: 76704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $343,007
  • Tax Rate Code Area: 86

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Dec 28, 2022
  • Confidence Score: 76
  • Final Value: 111,138
  • High Value: 131,350
  • Low Value: 90,926

    Market Valuation

  • Market Total Value: $136,260
  • Market Land Value: $11,260
  • Market Improvement Value: $125,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $136,260
  • Assessed Land Value: $11,260
  • Assessed Improvements Value: $125,000
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 Carver

Stats & Trends

Median Asking:

$174,900

Sale Price/ft²

$135

Below Asking

0.07%

Average Days on Market

88

Average Home Size

1239 ft²

Average Home Age

61.6 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 1702 Ethel Avenue, Waco, TX, 76707

$1,800 /mo

  • 4 Beds
  • 1 Bath
  • 1,724 ft²
1702 Ethel Avenue, Waco, TX, 76707 Listing by Jonathon Villaescusa

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Ashley Burgess Weist, Kelly, Realtors
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 204539
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 501 Dearborn Street built and last sold?
The property at 501 Dearborn Street was built in 1951 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 501 Dearborn Street is $105,141.
What are some comparable homes to 501 Dearborn Street?
There are currently no comparable homes to 501 Dearborn Street.
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