16 days on rocket

5205 Lockwood Dr, Waco, TX, 76710

$450,000

Home List Price

$5,344*

Closing Credit

3 Bedrooms
2 Full Baths
1,784 SqFt
$252/SqFt
House

Location

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5205 Lockwood Dr, Waco$450,000

Buyer Closing Credits

$5,344*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Carport, Storage, Workshop in Garage
Year Built1956
HeatingCentral
CoolingCeiling Fan(s), Central Air, Electric
FireplaceWood Burning
MLS #222911
Lot Size0.43 Acres
StatusActive

About 5205 Lockwood Dr

Sometimes you wanna go…” to a location, location, location where you are surrounded by stunning properties with beautifully manicured lawns and large oak trees that make you feel like you’re taking a stroll through the park. The Lake Oaks area is one of Waco’s most coveted neighborhoods, centrally located to all the perks Waco has to offer yet still tucked away from the busyness of the city. This almost 1,800 sq ft, 3 bedroom 2 bath diamond in the rough could be made into your absolute dream home. It could be a perfect flip property for an investor, or better yet, ideal for those who like to live in a home for a couple of years while they update and then sell. There is ample room to add another bedroom and bathroom by utilizing some of the space in the enormous laundry room, or you could easily enclose the carport and add a massive amount of living space to do as you please! With some houses in this area selling upwards of $300/sq ft, it is incredibly rare to find a home at this price point in this condition. While the well-preserved kitchen still mimics a 1950’s diner with an original Hot Point, push-button stove top and intercom radio, it has had recent upgrades in the master bathroom as well as newer windows throughout the home. There is also an updated enclosed back patio (not included in the ~1,800 sq. ft) that was transformed into a beautiful, fully air conditioned sun room that dances with sunlight and overlooks a gorgeous back yard that is home to what has to be one of the biggest oak trees in Waco. The house is currently undergoing renovations down to the studs. Once finished the home will have a magnificent and spacious open floor plan. Act now and you can step in and takeover the project to put on the finishing touches yourself!

Property Details

Property Features

Property Information:

  • Year Built: 1956
  • Stories: 1
  • Living Area: 1,784 SqFt

Listing Office:

  • Office Name: The McLeod Company
  • Office Phone: (254) 644-4095
  • Listing Agent: Wes McElroy

Interior Features

Interior Information:

  • Appliances: Oven, Cooktop, Dishwasher, Gas Water Heater
  • Flooring Type: Laminate, Wood
  • Interior: Bookcases, Built-in Features, Ceiling Fan(s), Double Vanity, Soaking Tub
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Garden, Gutters, Storage, Wood Fence, Deck, Porch/Covered, Patio

Parking Information:

  • Parking: Attached, Carport, Storage, Workshop in Garage

Lot Features

Lot Information:

  • Lot Size: 0.43 Acres

Utilities

Utilities Information:

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $450,000
  • Price Per SqFt: $252/SqFt

Tax Information:

  • Annual Amount: $4,115
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Waco, TX.

Med. List Price

$279.4K

Med. Price/SqFt

$169

Avg. Days On Market

88

# of Sold Homes

5

5205 Lockwood Dr vs Waco

16 DAYS ON ROCKET

-72 Days

$450,000

+$170.5K More

$252/SqFt

+$83 More

KEY TAKEAWAY

This property is $170.5K more than the Median List Price and $83/SqFt more than other homes in Waco, TX.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Waco
  • MLS Number: #222911

Listing Office:

  • Office Name: The McLeod Company
  • Office Phone: (254) 644-4095
  • Listing Agent: Wes McElroy

IDX This data is provided by the Waco Association of REALTORS® Multiple Listing Service Inc. Internet Data Exchange is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker is listed on each listing; the information is deemed reliable but not guaranteed accurate. Copyrighted © 2024 Waco Association of REALTORS®
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 12/22/2024, 3:16:06 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$4,115$268,880
2020$5,790$234,885
2019$5,461$213,532
2018$5,461$194,120
2017$5,015$176,473

History based on county public records data.

Payment Calculator

$2,313

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,416

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-857790
2
/10
  • Mountainview Elementary School

  • 5901 Bishop Dr

  • 0.60 miles

  • Public District Grades PK-5

school-card-donut-857791
5
/10
  • Hillcrest Pds Magnet

  • 4225 Pine Ave

  • 0.68 miles

  • Public Magnet Grades PK-5

school-card-donut-857792
4
/10
  • Harmony Science Academy (Waco)

  • 1900 N Valley Mills Dr

  • 1.15 miles

  • Public Charter Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $64,541. The most common annual income of people living in Waco, TX is between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5205 Lockwood Dr

What is the listing price of this property?

The listing price of 5205 Lockwood Dr property is $450,000.

What type of property is this?

The property 5205 Lockwood Dr is a house located in Waco, Texas, 76710.

Is this property for sale now?

Active Listing: 5205 Lockwood Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $4,115 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5205 Lockwood Dr has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5205 Lockwood Dr is 1,784 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5205 Lockwood Dr is 1956.

Rocket HomesTexasMcLennan CountyWaco767105205 Lockwood Dr

This home is located at 5205 Lockwood Dr in Waco, TX and zip code 76710 in the Mountainview neighborhood. This 1,784 square foot home, which was built in 1956, sits on a 0.43 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 05, 2024 and is currently priced at $450,000.

The inventory of homes for sale in Waco, TX between October 2024 and November 2024 increased by 6.7%. In November 2024 median list price was $279,450 and the average listing age was 88 days.

From Rocket Homes Real Estate and based on county public records data.

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