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$288,000

11216 Pallasite Dr, Lorena, TX, 76655

$290,900 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,538 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$195.06 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Water Heater
FlooringCarpet, Other, Tile

Exterior

Lot Size6,011 sqft

Building Information

Year Built2021
Stories1
Roof Type105
Garage Spaces2

Land Information

APN364058000003140
Lot Number14
SubdivisionPark Meadows South Ph 1
Land UseResidential
Legal DescriptionPARK MEADOWS SOUTH PH 1 LOT 14 BLOCK 3 ACRES .138
Census Tract003708
Assessed Land Value$36,670
Assessed Improvement Value$239,820
Assessment Year2025

About this property

Priced for quick sale! This 2021 built home is better than new in a great growing neighborhood within highly sought after Midway School district. This efficient home with modern neutral color palette is turn key and ready for new owner. The kitchen and living are open and spacious with door leading out to patio. There is a separate dining room or could be used as office depending on family needs. Very inviting floor plan with lots of natural light. The master suite is spacious with walk in closet and spa like bath with very pretty granite countertop and separate walk in shower along with garden tub. Park Meadows is a gem-call for private tour today.

Investor Tools

Property Icon
$288,000
Estimated Property Value
$302,500Estimated Mortgage Balance
$0Estimated Equity
-5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$290,899
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,800 /month
Positive
Cash Flow Estimate:
$600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$642/month
$450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,262
$276,490
2025
$36,670
$239,820
$276,490
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,262
$276,490

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Pacific Mortgage Corp
Va
$302,500
Yes
First
Oct 11, 2024
Nov 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$293,966
N/A
0%
102%
$1,814/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$2,264/mo
$-724/mo
6.4%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lorena

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11216 Pallasite Dr | Property Details | No Agent List