2701 Herring Ave, Waco, TX, 76708
About This Home
Exceptional turnkey opportunity in the heart of Waco! Whether you're searching for a proven income producing investment or a beautiful place to call home, this fully furnished 3 bedroom, 1 bath property is ready for its next owner. Successfully operating as a consistently booked short term rental, this home offers immediate income potential while also being perfectly suited as a primary residence or long term rental. Immaculately maintained and move in ready, the home features a warm, inviting interior and comes fully furnished, allowing for a seamless transition. Situated on an oversized, fully fenced lot, the property offers endless possibilities. The expansive backyard provides ample room for entertaining, recreation, or future improvements, with additional space that may accommodate another home, guest house, or accessory dwelling, subject to buyer verification of zoning, restrictions, and city approval. A detached garage adds valuable storage, workshop space, or covered parking. Located in a desirable neighborhood just minutes from downtown Waco, Baylor University, Magnolia, Cameron Park, the Brazos River, shopping, dining, and many of Waco's most popular attractions, this property combines convenience, flexibility, and exceptional potential. Whether you're looking to continue its success as a short term rental or make it your own personal home, this is an opportunity you won't want to miss.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1949
Type & Style
- Home type: SingleFamily
- Architectural style: Detached
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Electric Cooktop,Electric Oven,Disposal,Ice Maker,Microwave
Bedroom
- Level: First
- Dimensions: 0 x 0
Bedroom
- Level: First
- Dimensions: 0 x 0
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Dining Room
- Level: First
- Dimensions: 0 x 0
Features
- Decorative/Designer Lighting Fixtures,High Speed Internet,Open Floorplan
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air,Ceiling Fan(s),Electric
Interior Area
- Total interior livable area: 1,082 sqft
Living Room
- Level: First
- Dimensions: 0 x 0
Master Bedroom
- Level: First
- Dimensions: 0 x 0
Property
Details
- Parcel number: 480122000794001
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Lot size: 8,232 sqft
Parking
- Total spaces: 1
- Parking features: Additional Parking,Driveway
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Cold Wave
- Heat Wave
- Lightning
- Hail
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,360 | $16,320 |
| Home Insurance * | $191 | $2,292 |
| Property Taxes | $505 | $6,060 |
| Electricity | $238 | $2,859 |
| Total | $2,294 | $27,528 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-27 | Listed for sale | $269,000 |
| 2020-07-16 | Listing removed | $129,900 |
| 2020-06-26 | Pending sale | $129,900 |
| 2020-05-15 | Listed for sale | $129,900 |
| 2018-07-27 | Sold | -- |
| 2018-07-11 | Listed for sale | $99,900 |
| 2018-05-11 | Sold | -- |
For Sale by Agent
View on Zillow