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$949,900

2303 Pilgrim Lane, Lorena, TX, 76655

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,030 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$467.93 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave
FlooringLaminate

Exterior

Lot Size11.01 acres

Building Information

Year Built1995
Stories1
Roof Type112

Land Information

APN300815000081009
SubdivisionStewart J
Land UseAgriculture / Farming
Legal DescriptionSTEWART J ACRES 11.005, LAND ACCT, MH ONLY ON PID: 352822 LAND ACCT, MH ONLY ON PID: 352822
Census Tract003801
Assessed Land Value$108,170
Assessed Improvement Value$274,690
Assessment Year2025

About this property

Rare opportunity to own a truly unique property on 11.005 breathtaking acres with private access to a creek and seasonal water overflow in the back—plus panoramic views you have to see to believe. Plus, on the acreage are 3 water meters giving you the ability to add structures. Maybe a fabulous barn or workshop. Or maybe, divide it and build more homes. So many possibilities! Tucked away in a prime location, you’ll enjoy peaceful country living while being just five minutes from everyday conveniences. This three-bedroom, two-bath home has been completely rebuilt from the studs up, offering the character of an established setting with the confidence of brand-new construction. All major systems have been replaced, including wiring, HVAC, drywall, roofing, and more—providing modern efficiency and peace of mind. Inside, the open-concept kitchen, living, and dining area creates an inviting space ideal for gathering and entertaining. Beautiful finishes and meticulous attention to detail are evident throughout. The kitchen features abundant cabinetry, generous prep space, and a large pantry to keep everything organized. The primary suite is a true retreat, thoughtfully designed with a spa-inspired bath that includes a large walk-in shower, separate soaking tub, and an impressive closet with exceptional storage. Two additional bedrooms offer flexibility for family, guests, or a home office. Step outside and discover what truly sets this property apart. With eleven acres to roam, there’s ample room for animals, recreation, or simply enjoying the wide-open space. Access to the creek invites fishing, exploring, or peaceful evenings taking in the views. Whether you envision a small hobby farm, weekend gatherings under the stars, or quiet mornings overlooking the landscape, this property delivers. Country serenity, modern luxury, and unbeatable convenience—all in one remarkable setting.

Investor Tools

Property Icon
$421,000
Estimated Property Value
$0Estimated Mortgage Balance
$186,430Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,699 /month
Positive
Cash Flow Estimate:
$1,900 /month

Interested in this property?

Amanda Cunningham

The Agency Waco

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$520/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,136
$382,860
2025
$108,170
$274,690
$382,860
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,136
$382,860

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The First National Bank Of Moody
Commercial
$241,000
No
First
Dec 19, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$234,570
$186,430
44%
56%
$1,445/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$1,445/mo
+$95/mo
4.4%

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.

Explore Texas Explore This Area
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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2303 Pilgrim Lane | Property Details | No Agent List