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$331,000

NAL Estimated Property Value

305 Lorraine Avenue, Lissie, TX, 77454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,543 Sq Ft
price_per_sqft$137.59 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesDisposal, Electric Oven, Electric Range, Dishwasher
FlooringCarpet

Exterior

Lot Size38,002 sqft

Building Information

Year Built1976

Land Information

APN19359
Lot Number1-5
SubdivisionLissie
Land UseResidential
Legal DescriptionLISSIE BLOCK 40 LOT 1,2,3,4,5
Census Tract740100
Assessed Land Value$30,400
Assessed Improvement Value$282,668
Assessment Year2025

About this property

Welcome to 305 Lorraine Ave! This 2543 2 story home sits on almost an acre of unrestricted land in Lissie, just 8 miles outside of East Bernard. Zoned to EBISD, this property has had some updates. It's got all new pex plumbing, new septic and well, as well as a new roof and hardy siding! It has granite counter tops and solid wood cabinets! It features a large living room, with high ceilings, a formal dining, and a wet bar for entertaining! The primary and one other bedroom are downstairs, with 2 more upstairs and a large game room! The utility room/mud area also has a full bath for your convenience! The mature live oaks and pecans offer great shade and on an .89 acre lot, there is plenty of room for a barn! Call today for your private tour!

Investor Tools

Property Icon
$331,000
Estimated Property Value
$285,927Estimated Mortgage Balance
$45,073Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,099 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$427/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,467
$313,068
2025
$30,400
$282,668
$313,068
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$3,467
$313,068

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Barton Creek Lending Group Llc
Conventional
$294,693
No
First
Sep 19, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$285,927
$45,073
13%
86%
$1,767/mo

Learn About the Market: Opportunity in Texas

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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: Lissie

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