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$678,000

1220 Estes Rd, Lorena, TX, 76655

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,873 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$196.66 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Water Heater, Double Oven, Ice Maker, Microwave, Refrigerator
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesFire Pit, Rain Gutters
Lot Size1.66 acres

Building Information

Year Built2001
Stories2
Roof Type105
Garage Spaces2

Land Information

APN300722010001178
Lot Number17
SubdivisionRanchcrest
Land UseResidential
Legal DescriptionRANCHCREST LOT 17 BLOCK A ACRES 1.66
Census Tract003801
Assessed Land Value$70,010
Assessed Improvement Value$607,990
Assessment Year2025

About this property

This stately cottage in the Lorena countryside is nestled in what once was a sprawling ranch, just 5 minutes south of Old Lorena and Spring Valley Rd. A previously well kept secret of a neighborhood, Ranchcrest is a peaceful and picturesque community filled with custom homes, unbeatable views, rolling hills, mature landscaping, and underground electric wires. With its front circle and side driveways, large front porch and dormer windows, this home impresses promptly upon arrival. Inside you'll find high ceilings, bright white custom moldings and cabinetry, large shuttered windows overlooking the covered back porch and stunningly shaded 1.66 acre property. With 3 bedrooms including the primary and 2.5 bathrooms downstairs, you could also escape upstairs to a large bonus room with a walk in closet adding so much potential space for fun or sleeping arrangements. Over 1000 sf of walk in attic space still remains unfinished so just imagine how you could expand and enjoy this space in the rolling hills of Lorena.

Investor Tools

Property Icon
$678,000
Estimated Property Value
$360,000Estimated Mortgage Balance
$343,137Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,068 /month
Positive
Cash Flow Estimate:
$1,356 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$874/month
$50/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,093
$678,000
2025
$70,010
$607,990
$678,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,093
$678,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amerisave Mortgage Corp
Fha
$360,000
Yes
First
Aug 22, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$334,863
$343,137
50%
49%
$2,159/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$2,209/mo
$-669/mo
2.7%

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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1220 Estes Rd | Property Details | No Agent List