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$285,000

NAL Estimated Property Value

11220 Pallasite Dr, Waco, TX, 76655

$285,599 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,507 Sq Ft
price_per_sqft$182.48 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Electric Water Heater, Microwave, Refrigerator
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size6,011 sqft

Building Information

Year Built2021
Stories1
Roof Type105
Garage Spaces1

Land Information

APN364058000003150
Lot Number15
SubdivisionPark Meadows South Ph 1
Land UseResidential
Legal DescriptionPARK MEADOWS SOUTH PH 1 LOT 15 BLOCK 3 ACRES .138
Census Tract003708
Assessed Land Value$36,670
Assessed Improvement Value$233,150
Assessment Year2025

About this property

Welcome to 11220 Pallasite Ct, a charming residence nestled in the heart of Park Meadows neighborhood located in Lorena, TX. This home is an embodiment of both comfort and functionality with its thoughtfully designed layout spread across 1,507 square feet and zoned to the highly acclaimed Midway ISD. The newer construction home boasts an isolated primary suite along with two additional secondary bedrooms. The ensuite bathroom of the primary suite is complete with a soaking tub and separate shower. The sizable closet and isolated location are key attributes to this attractive space. The secondary bedrooms are generously proportioned with spacious closets, located adjacent to a shared bathroom, and filled with natural light, creating an inviting atmosphere that makes this house truly feel like a home. Elevated finishes such as granite countertops throughout, wood blinds, and beautiful vinyl floors though the heart of the home are features that are sure to catch your eye. Step outside to relax on the covered back porch and enjoy the fenced yard, a private retreat perfect for outdoor entertaining or simply enjoying some quiet time amidst nature. The neighborhood park nearby adds to the appeal of this location, offering opportunities for recreation and relaxation just steps away from your front door. Located near Hewitt, Woodway, and Waco, Lorena, TX itself is a community that provides numerous amenities for residents. It's an area rich in conveniences and facilities which include shopping, dining options, healthcare facilities, educational institutions, Hewitt Park and more. Conveniently located and just a short 7 minute drive to grocery shopping at HEB and Poage Park, Carleen Bright Arboretum, and Woodway Family Center. You'll note easy access to multiple main roadways and highways to allow ease of travel to Baylor University, downtown Waco, or Interstate 35 to travel on your next Texas adventure! Despite its central location, Lorena has managed to retain

Investor Tools

Property Icon
$285,000
Estimated Property Value
$266,471Estimated Mortgage Balance
$18,529Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$285,599
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,710 /month
Positive
Cash Flow Estimate:
$570 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$501/month
$450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,592
$269,820
2025
$36,670
$233,150
$269,820
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,592
$269,820

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Churchill Mortgage Corp
Fha
$270,019
Yes
First
Aug 15, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$266,471
$18,529
6%
93%
$1,619/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$2,069/mo
$-529/mo
6.5%

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: Waco

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11220 Pallasite Dr | Property Details | No Agent List