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McLennan 76640
560 S Katy Road
$3,220,000
● Commercial - Off Market

560 S Katy Road

Elm Mott, TX 76640
bedrooms
Studio
bathrooms
0 Bath
$16,036
Est. Monthly

About This Property

Located just a few miles from Waco's city limits, this 339.47-acre tract of land in McLennan County is ideal for a future investment opportunity, ranch retreat, or both. The property is situated in Waco's ETJ and Connally ISD, next to Connally's Primary School, and less than ½ mile off Interstate-35. With trees, stock tanks, and barn(s), a large part of white water creek runs through the land, while the back portion is heavily wooded with rolling topography and wildlife. The old house on the property is in disrepair and will need to be torn down-seller to retain mineral rights. Currently leased year to year (Jan-Dec) for cattle grazing on a portion of the property, this land is now under ag exemption. A Survey of land is available.
Unit Size
-
Days on Market
-
Land Size
339.47 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$225
HOA Dues
-
Year Built
1922

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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: 3 years ago (WARTX #208649)

Price History

Date / Event Date Event Price
Apr 23, 2024 In contract -
In contract
Apr 19, 2024 No longer available -
No longer available
Sep 26, 2023 Price Decreased $3,220,000
↓ $680K (17.4%)
Price Decreased
Aug 15, 2023 Price Decreased $3,900,000
↓ $1M (20.4%)
Price Decreased
Dec 29, 2022 Relisted $4,900,000
Relisted
Show More

Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1975
  • 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: 17
  • Building Style: 0
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 3
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 117
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,756
  • Gross Building Area: 1,756
  • Building Area: 1,756
  • Building Area Measurement: R

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,756
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: A
  • Subdivision: BURTON SAMUEL A-77
  • Land Acres: 0000001000
  • Standard Land Use Code: 7000
  • County Land Use Code: E3
  • State Land Use Code: E3
  • Legal Description 1: BURTON SAMUEL A-77 ACRES 1.0

Neighborhood

  • School District Name: Connally Independent School District
  • Census Tract: 003402

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: PG 14
  • Parcel: 20-007700-005702-8
  • Municipality: ELM MOTT
  • Latitude: 31.6604
  • Longitude: -97.106

    Address

  • Full Address: 560 S Katy Rd
  • Address - House Number: 560
  • Street Direction: S
  • Address - Street Name: Katy
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Elm Mott
  • Carrier Code: R002
  • 4-Digit Zip Code: 3748
  • Zip Code: 76640

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $241,981
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 86

    Market Valuation

  • Market Total Value: $177,720
  • Market Land Value: $35,550
  • Market Improvement Value: $142,170

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $177,720
  • Assessed Land Value: $35,550
  • Assessed Improvements Value: $142,170

    Sales

  • Current Sale Contract Date: Jan 02, 2014
  • Current Sale Recording Date: Jan 07, 2014
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2014000373
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 McLennan

Stats & Trends

Median Asking:

$290,000

Sale Price/ft²

$173

Below Asking

0.03%

Average Days on Market

72

Average Home Size

1924 ft²

Average Home Age

44.3 years

Currently For Sale

1291 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 205 W Long Street, Elm Mott, TX, 76640

$1,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,800 ft²
205 W Long Street, Elm Mott, TX, 76640 Listing by Antoinette Ratliff
Unit for rent at 4676 Old Dallas Road, Elm Mott, TX, 76640

$1,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,900 ft²
4676 Old Dallas Road, Elm Mott, TX, 76640 Listing by Antoinette Ratliff

Rentals Near You

Click here to view more rentals in the neighborhood.
View Original Listing by Keller Williams Realty - Waco (254) 751-7900
ARTX-208649 Copyright © 2024 Waco Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Listing Status: Pending

Frequently Asked Questions

When was property at 560 South Katy Road built and last sold?
The property at 560 South Katy Road was built in 1922 and last sold on Jan 2, 2014 for $0.
How much is this home worth?
The estimated value of the home located at 560 South Katy Road is $5,959,000.
What are some comparable homes to 560 South Katy Road?
There are currently no comparable homes to 560 South Katy Road.
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