$350,000
$200K PRICE DROP

Estimated payment $2,055/month

Total Views 11,252
4 Beds
2 Baths
1,268 Sq Ft
$276 Price per Sq Ft

Highlights

  • Wood Flooring
  • Built-In Features
  • 1-Story Property
  • Granite Countertops
  • Laundry in Utility Room
  • Central Heating and Cooling System

About This Home

This thoughtfully renovated 4-bedroom, 2-bath home is zoned O-2, making it a rare turnkey short-term rental just blocks from the Magnolia Silos. Whether you're catering to game day crowds, Magnolia tourists, or event-goers passing through town, this location is built for consistent occupancy—just minutes from Baylor, I-35, and Waco's bustling downtown district. Inside, the open-concept layout is both inviting and functional. The living and kitchen areas flow seamlessly, with design details that balance original charm and modern upgrades. Refinished hardwood floors and painted shiplap nod to the home’s historic craftsmanship, while new plumbing, roof, HVAC, and tasteful finishes bring it into the present. The kitchen is smartly designed with ample countertop space, under-counter storage, and a bar-height overhang perfect for casual dining. A built-in space for the refrigerator and a custom surround for the range and vent hood elevate the aesthetic while maximizing functionality. The floor plan is versatile and STR-ready—comfortable for larger groups and adaptable to multiple furniture configurations, whether your style leans minimalist or more bold and curated. Each of the four bedrooms is well-positioned to maintain privacy and flow, and both bathrooms have been fully updated with timeless finishes that photograph beautifully and wear well over time. Outside, there’s plenty of off-street paved parking plus additional street parking—ideal for accommodating guests. This one is priced as a potential high-performing income property in a proven location. With all the major updates already done and design that respects both form and function, it’s ready to start earning from day one.

Listing Agent

Nick Schwedock II

Bentwood Realty License #0714745 Listed on: 05/01/2025

Bentwood Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,820

Year Built

  • Built in 1930

Lot Details

  • 3,354 Sq Ft Lot

Parking

  • Paved Parking

Home Design

  • Pillar, Post or Pier Foundation
  • Composition Roof

Interior Spaces

  • 1,268 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Window Treatments

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Stacked Washer and Dryer

Schools

  • West Avenue Elementary School
  • Gw Carver Middle School
  • Waco High School

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • Ross Sub Subdivision

Listing and Financial Details

  • Legal Lot and Block 8C / 48
  • Assessor Parcel Number 480363000022002

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,820

Year Built

Built in 1930

Lot Details

0

Listing Details

  • OWNERNAME: WACO STR FUND 1 LLC - SERIES 1012 BURNETT AVE
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached
  • Unit Levels: One
  • Co List Office Mls Id: A8295177
  • Structure Type: House
  • HumanModifiedYN: No
  • UniversalParcelId: urn:reso:upi:2.0:US:48309:480363000022002
  • Special Features: VirtualTour

Interior Features

  • Square Footage: 1268.0
  • Windows: Window Coverings
  • Interior Amenities: Built-in Features, Granite Counters, High Speed Internet
  • Flooring: Tile, Wood
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Vented Exhaust Fan
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Foundation: Pillar/Post/Pier
  • Roof: Composition
  • Pool Features: None

Garage/Parking

  • Cooling System: Central Air, Ceiling Fan(s), Electric
  • Parking Features: Concrete, Paved
  • GarageYN: No

Utilities

  • Sewer: Public Sewer
  • Heating: Central
  • LaundryFeatures: Electric Dryer Hookup, Laundry in Utility Room, Stacked
  • Utilities: Cable Available, Natural Gas Available, Sewer Available, Separate Meters, Water Available
  • Heating Yn: Yes

Schools

  • Elementary School: West Avenue
  • High School: Waco
  • Junior High Dist: Waco ISD

Lot Info

  • PropertyAttachedYN: No
  • Lot Size Units: Acres
  • Lot Size Area: 0.077
  • Parcel Number: 480363000022002
  • Lot Size Acres: 0.077
  • Lot Size Sq Ft: 3354.12

Building Info

  • Year Built: 1930

Tax Info

  • TaxBlock: 48
  • Tax Lot: 8C
  • Tax Annual Amount: 2820.0

MLS Schools

  • MiddleOrJuniorSchool: GW Carver

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,820 $125,000 $26,880 $98,120
2024 $2,820 $125,000 $26,880 $98,120
2023 $2,802 $125,000 $26,880 $98,120
2022 $3,147 $125,000 $26,880 $98,120
2021 $892 $33,560 $13,440 $20,120
2020 $901 $33,230 $13,440 $19,790
2019 $924 $32,840 $13,440 $19,400
2018 $710 $25,000 $13,440 $11,560
2017 $1,386 $48,620 $13,440 $35,180
2016 $705 $24,750 $2,150 $22,600
2015 $615 $24,460 $2,080 $22,380
2014 $615 $21,850 $1,000 $20,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2025 11/12/25 Price Changed $350,000 -22.2% $276 / Sq Ft
10/01/2025 10/01/25 Price Changed $450,000 -9.8% $355 / Sq Ft
07/01/2025 07/01/25 Price Changed $499,000 -9.3% $394 / Sq Ft
05/01/2025 05/01/25 For Sale $550,000 -- $434 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Warranty Deed -- Smith Scott
Warranty Deed -- None Listed On Document
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,128,000 New Conventional
Source: Public Records

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20921875

North Texas Real Estate Information Systems (NTREIS)

APN: 48-036300-002200-2