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$309,000

2928 Gilchrist Dr, Lorena, TX, 76655

$309,423 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,841 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$179.2 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator
FlooringTile, Vinyl

Exterior

Lot Size6,621 sqft

Building Information

Year Built2018
Stories1
Roof Type105
Garage Spaces1

Land Information

APN362522020009250
Lot Number25
SubdivisionPark Meadows Addn Ph 1-C
Land UseResidential
Legal DescriptionPARK MEADOWS ADDN PH 1-C LOT 25 BLOCK 9 ACRES 0.152
Census Tract003708
Assessed Land Value$39,070
Assessed Improvement Value$269,930
Assessment Year2025

About this property

Beautiful 3 bedroom home with separate office space built in 2018, in the highly desirable neighborhood of Park Meadows, Midway ISD. As you walk into the welcoming entryway, you flow past the office with double barn doors that could be used as a guest room, right into the spacious open-concept kitchen, dinning, living area over looking the back yard. The isolated master suite features gorgeous wainscoting, a massive soaking tub, large walk-in shower, double vanities, and huge walk-in closet. The yard area has an enlarged patio for outdoor entertaining and a spot for your fire-pit to roast s'mores under the starlight. This home has all the upgrades already for you to move right in, including custom window coverings, tiled wood burning fireplace, luxury vinyl floors in second bedrooms, recessed lighting, upgraded light fixtures and ceiling fans, smart light switches, smart Nest thermostat, smart irrigation system, epoxy garage floor with life-time warranty, all still with the builders 10-year transferable structure and foundation warranty. The community is welcoming, with fun events, food trucks visiting weekly, and walking distance to the brand new Park Hill elementary school.

Investor Tools

Property Icon
$309,000
Estimated Property Value
$315,875Estimated Mortgage Balance
$11,015Estimated Equity
-2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$309,423
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,979 /month
Positive
Cash Flow Estimate:
$660 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$579/month
$20/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,400
$309,000
2025
$39,070
$269,930
$309,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,400
$309,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$315,875
No
First
Apr 12, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$297,985
$11,015
3%
96%
$1,894/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$1,914/mo
$-374/mo
6.0%

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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2928 Gilchrist Dr | Property Details | No Agent List