1117 Merganser Way, Waco, TX, 76706
About This Home
Just minutes from Baylor University, this 3 bedroom, 2 bathroom home is a strong opportunity for investors looking to capture consistent demand driven by campus life, game days, and year-round events. Whether used as a family home or for student housing, short term rentals, or long-term tenants, the location alone positions this property to perform. The home is move-in ready with all appliances included, and furnishings are available and negotiable based on buyer preference. Inside, the home features a clean, modern design with an open concept kitchen, dining, and living area that creates a seamless, highly functional layout. The spacious primary suite easily accommodates a king or queen bed with additional room for a vanity or workspace, along with a large walk in closet. A split bedroom layout places the secondary bedrooms on the opposite side of the home, offering privacy and flexibility for multiple occupants. Each bedroom includes its own walk in closet, and the secondary bathroom provides additional storage for linens and essentials. Engineered wood flooring runs throughout the entire home, delivering a cohesive, low maintenance finish with no carpet to manage, ideal for both ease of ownership and rental turnover. Located in an emerging lakeside neighborhood with ongoing new construction, this property offers immediate usability with long term upside. It is a straightforward, income ready asset in a high demand area with no heavy lifting required to start generating value.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2019
Materials
- Foundation: Slab
- Roof: Composition
- Construction materials: Brick,Rock,Stone,Stucco
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch,Traditional,Detached
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Dishwasher,Electric Range,Electric Water Heater,Disposal,Ice Maker
- Laundry features: Electric Dryer Hookup,Laundry in Utility Room
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Eat-in Kitchen,High Speed Internet,Open Floorplan,Pantry,Cable TV
- Window features: Window Coverings
- Flooring: Luxury Vinyl Plank,Simulated Wood,Wood
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air,Ceiling Fan(s),Electric
Interior Area
- Total interior livable area: 1,526 sqft
Kitchen
- Features: Breakfast Bar,Built-in Features,Eat-in Kitchen,Granite Counters,Kitchen Island
- Level: First
- Dimensions: 0 x 0
Living Room
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 0 x 0
Master Bedroom
- Features: Dual Sinks,Separate Shower
- Level: First
- Dimensions: 0 x 0
Master Bedroom
- Features: Walk-In Closet(s)
- Level: First
- Dimensions: 0 x 0
Property
Details
- Parcel number: 480266590004060
- Attached to another structure: Yes
Features
- Levels: One
- Stories: 1
- Pool features: None
- Patio & porch: Covered
- Fencing: Wood
Lot
- Lot size: 6,011 sqft
Parking
- Total spaces: 4
- Parking features: Garage Faces Front,Garage,Garage Door Opener
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 4
- Carport: Yes
- Carport spaces: 2
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
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 | $1,506 | $18,072 |
| Home Insurance * | $176 | $2,112 |
| Property Taxes | $616 | $7,392 |
| Electricity | $238 | $2,859 |
| Total | $2,536 | $30,432 |
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 |
|---|---|---|
| 2026-04-20 | Listed for sale | $298,000 |
| 2024-08-30 | Sold | -- |
| 2024-06-27 | Pending sale | $293,000 |
| 2024-06-20 | Price change | $293,000 |
| 2024-04-26 | Price change | $295,000 |
| 2024-04-12 | Listed for sale | $305,000 |
| 2024-04-07 | Listing removed | -- |
| 2023-12-01 | Price change | $299,000 |
| 2023-10-09 | Listed for sale | $300,000 |
| 2023-06-17 | Listing removed | -- |
| 2023-06-16 | Listed for rent | $2,200 |
| 2021-05-07 | Sold | -- |
| 2021-04-14 | Pending sale | $249,900 |
| 2021-04-09 | Listed for sale | $249,900 |
| 2019-08-29 | Sold | -- |
For Sale by Agent
View on Zillow