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2307 Homan Ave, Waco, TX, 76707

5beds
3baths
2,254sqft
$90,000
$40price/sqft
$960/moest. monthly cost
$38,400/yrincome needed

About This Home

Investor opportunity with endless potential! Already taken down to the studs and ready for transformation. Designed with functionality in mind, the spacious layout features an open-concept living, dining, and kitchen area, an additional flex sitting room, a convenient downstairs powder bath, and a private primary suite on the main level. Upstairs, you'll find four additional bedrooms and a full bath, offering plenty of space for family or guests. Whether you're looking for your next flip project, a long-term rental investment, or a future place to call home, the possibilities are endless. This property offers strong growth potential and convenient access to I-35, downtown Waco, shopping, dining, and major employers. Don't miss your chance to create something truly special at 2307 Homan Avenue.

Getting Around

51
WalkingSomewhat Walkable
0
TransitVery Limited Transit
45
BikeSomewhat Bikeable

Schools

1/10
G W Carver MiddleGrades 6-82.6 mi
3/10
Waco High SchoolGrades 9-121.7 mi

Construction

Condition

  • Year built: 1930

Materials

  • Roof: Composition

Type & Style

  • Home type: SingleFamily
  • Architectural style: Detached
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Other
  • Number of fireplaces: 1
  • Fireplace features: Living Room
  • Fireplace: Yes

Interior Area

  • Total interior livable area: 2,254 sqft

Living Room

  • Level: First
  • Dimensions: 0 x 0

Master Bedroom

  • Level: First
  • Dimensions: 0 x 0

Property

Details

  • Parcel number: 480340000312003

Features

  • Levels: One
  • Stories: 1
  • Pool features: None

Lot

  • Lot size: 8,276 sqft

Parking

  • Parking features: None

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

  • Cold Wave
    Cold WaveRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Tornado
Heat Wave

FEMA Declared Disasters Across Texas Counties

Fire
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Winter Storm

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

MonthlyAnnual
Mortgage $455$5,460
Home Insurance *$93$1,116
Property Taxes $165$1,980
Electricity $247$2,970
Total$960$11,520
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$32,914/yr
40% on housing$28,800/yr
45% on housing$25,600/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

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.

Insurance Growth Rate5-year average: 4.9%
4.9%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: 0.6%
0.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$40This listing

vs Other Active Listings

Avg $/sqft

ZIP 76707$100
McLennan County$158

vs Homes Sold Last Month

Median $/sqft

ZIP 76707$153
McLennan County$167

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)

No zestimate history available

Price History

DateEventPrice
2026-06-16Listed for sale$90,000
2025-04-07Sold--
2025-03-12Pending sale$99,000
2025-02-12Price change$99,000
2025-01-06Listed for sale$120,000
2022-04-07Listing removed--
2021-12-08Listed for sale$165,000

For Sale by Agent

AgentJustin Hroch
BrokerageDagwood Management, LLC

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