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1012 Burnett Ave, Waco, TX, 76706

4beds
2baths
1,268sqft
$345,000
$272price/sqft
$2,819/moest. monthly cost
$112,760/yrincome needed

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.

Getting Around

70
WalkingSomewhat Walkable
0
TransitVery Limited Transit
57
BikeBikeable

Schools

3/10
1/10
3/10
Waco High SchoolGrades 9-123.3 mi

Construction

Condition

  • Year built: 1930

Materials

  • Foundation: Pillar/Post/Pier
  • Roof: Composition

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Electric Range,Electric Water Heater,Disposal,Microwave,Vented Exhaust Fan
  • Laundry features: Electric Dryer Hookup,Laundry in Utility Room,Stacked

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Built-in Features,Granite Counters,High Speed Internet
  • Window features: Window Coverings
  • Flooring: Tile,Wood

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air,Ceiling Fan(s),Electric

Interior Area

  • Total interior livable area: 1,268 sqft

Living Room

  • Level: First
  • Dimensions: 0 x 0

Master Bedroom

  • Level: First
  • Dimensions: 0 x 0

Property

Details

  • Parcel number: 480363000022002
  • Exclusions: All furniture and personal items.

Features

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

Lot

  • Lot size: 3,354 sqft

Parking

  • Parking features: Concrete,Paved

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
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Heat Wave
Inland Flooding
Lightning

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 $1,744$20,928
Home Insurance *$204$2,448
Property Taxes $633$7,596
Electricity $238$2,859
Total$2,819$33,828
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$96,651/yr
40% on housing$84,570/yr
45% on housing$75,173/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

$272This listing

vs Other Active Listings

Avg $/sqft

ZIP 76706$158
McLennan County$158

vs Homes Sold Last Month

Median $/sqft

ZIP 76706$176
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
2026-05-06Listed for sale$350,000
2026-04-23Contingent$350,000
2025-11-12Price change$350,000
2025-10-01Price change$450,000
2025-07-01Price change$499,000
2025-05-01Listed for sale$550,000
2024-10-02Listing removed$399,000
2024-09-18Price change$409,900
2024-04-30Price change$419,900
2024-03-27Price change$449,900
2024-03-18Price change$449,000
2024-01-30Listed for sale$475,000
2023-11-09Listing removed--
2023-08-17Listed for sale$435,000
2022-10-03Listing removed--
2022-08-22Price change$550,000
2022-06-20Listed for sale$595,000
2021-09-01Listing removed--
2021-07-06Price change$415,000
2021-06-17Listed for sale$449,000
2017-08-25Listing removed$32,500
2017-08-23Listed for sale$32,500

For Sale by Agent

AgentNick Schwedock II
BrokerageBentwood Realty

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