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Waco 76707 Brook Oaks
525 Novelty Street
$64,000
House - For Sale

525 Novelty Street

Waco, TX 76707
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1032 Sqft
$447
Estimated Monthly
$0
HOA / Fees
27.42%
Cap Rate

About This Property

Investor Opportunity Near Downtown Waco and ALL things MAGNOLIA!!!
Located about 6 blocks from downtown Waco and sits next door to a NEW construction that sold at $200+ PPS.
This property requires a full remodel/reconstruction from top to bottom..a unique opportunity for those with a keen eye for potential.
Find your exit strategy with this one! Hold or Flip... location is ALL THE THINGS with this one.
Selling as-is.  Buyers to do their own due diligence.  Possible Owner Finance Option-Let's Talk!!!

The manager has listed the unit size as 1032 square feet.
Unit Size
1,032Ft²
Days on Market
23 days
Land Size
0.16 acres
Price per sqft
$62
Property Type
House
Property Taxes
$133
HOA Dues
-
Year Built
1912
Listed By
Reyna Reyes
Coldwell Banker Apex, REALTORS
Last updated: 8 days ago (WARTX #221997)

Price History

Date / Event Date Event Price
Apr 8, 2024 No longer available -
No longer available
Apr 7, 2024 Listed by Keller Williams Realty - Waco $64,000
Listed by Keller Williams Realty - Waco
Mar 6, 2024 Relisted $65,000
Relisted
Mar 1, 2024 No longer available -
No longer available
Jan 26, 2024 Price Decreased $65,000
↓ $20K (23.5%)
Price Decreased
Show More

Property Highlights

Building Details
New Construction

Building Info

Overview

    General

  • Year Built: 1912
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Square Area: 384
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,050
  • Lot Size Depth Feet: 1,410
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,032
  • Gross Building Area: 1,032
  • Building Area: 1,032
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,032
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: CONGER N H
  • Land Acres: 0.162
  • Legal Description 1: CONGER N H LOT 18 BLOCK 4 ACRES .1618

Ownership

  • Current Owner : NEXTGEN INVESTMENTS & VENTURES GROUP LLC
  • Previous Owner : ANDREW NORMAN C
  • Previous Owner 2: HESLIP JACQUELYN
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Waco Independent School District
  • Census Tract: 001200

Zoning

  • Zoning: O2

Geography

  • Assessors Map Reference: PG 15
  • Parcel: 48-010000-007000-5
  • Block: 4
  • Lot: 18
  • Municipality: CITY OF WACO
  • Latitude: 31.5528
  • Longitude: -97.1444

    Address

  • Full Address: 525 Novelty St
  • Address - House Number: 525
  • Address - Street Name: Novelty
  • Address - Suffix Type: St
  • State: TX
  • City Name: Waco
  • Carrier Code: C037
  • 4-Digit Zip Code: 3562
  • Zip Code: 76707

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,544
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 86

    Appraisal Valuation

  • Standard Deviation: 0.2553
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 63
  • Final Value: 126,040
  • High Value: 158,231
  • Low Value: 93,850

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $43,000
  • First Open Lien Mortgage Lender: AALONA CLELLAN
  • First Open Lien Mortgage Recording Date: Feb 12, 2024
  • First Open Lien Mortgage Loan Amount: $43,000
  • First Open Lien Mortgage Term: 9
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Dec 04, 2024
  • First Open Lien Mortgage Private Lender: T

    Market Valuation

  • Market Total Value: $70,920
  • Market Land Value: $21,150
  • Market Improvement Value: $49,770

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $70,920
  • Assessed Land Value: $21,150
  • Assessed Improvements Value: $49,770

    Sales

  • Current Sale Contract Date: Jan 23, 2024
  • Current Sale Recording Date: Feb 12, 2024
  • Current Sale Transaction ID: 11920783958
  • Current Sale Price: $57,190
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 4211

    Last Sale Mortgage

  • First Mortgage Lender: AALONA CLELLAN
  • First Mortgage Transaction Date: Feb 12, 2024
  • First Mortgage Loan Amount: $43,000
  • First Mortgage Terms: 9
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: Dec 04, 2024

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
2 Beds
1 Bath
972 ft²
$74,900 Mar 13, 2024
$70,000 - $80,000 Mar 13, 2024
$210/mo
House
2 Beds
1 Bath
926 ft²
$75/ft²
$69,900 Feb 17, 2024
-
$21/mo

About Brook Oaks


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Frequently Asked Questions

When was property at 525 Novelty Street built and last sold?
The property at 525 Novelty Street was built in 1912 and last sold on Jan 23, 2024 for $57,190.
How much is this home worth?
The estimated value of the home located at 525 Novelty Street is $70,168.
What are some comparable homes to 525 Novelty Street?
Homes that are comparable to 525 Novelty Street include a house property at 1100 North 10th Street, 809 Carver Avenue, which are both great to check out.

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