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$475,000

$485,000

398 Bluebonnett Ln, Lorena, TX, 76655

$478,689 ARVInfo
On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths2,340 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$202.99 / sqft
Year BuiltBuilt in 1981

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
AppliancesDishwasher, Refrigerator
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Lot Size2.79 acres

Building Information

Year Built1981
Roof Type112
Garage Spaces4

Land Information

APN300384700001010
Lot Number1
SubdivisionGreener Pastures Addition
Land UseResidential
Legal DescriptionGREENER PASTURES ADDITION LOT 1 BLOCK 1 ACRES 2.791
Census Tract003801
Assessed Land Value$62,320
Assessed Improvement Value$375,350
Assessment Year2025

About this property

Major Price Improvement! This is your opportunity to own a private Texas retreat on 2.79 fully fenced and gated acres in desirable Lorena, now offered at an incredible new price. This versatile 2,340 sq. ft. home features 4 bedrooms, 2 bathrooms, and a dedicated office, offering plenty of space for everyday living, working from home, or creating the flex space you’ve been looking for. The kitchen is equipped with granite countertops, stainless steel appliances, a brand-new dishwasher, and a refrigerator that conveys. Important updates have already been completed, including a new HVAC system in 2021 and upstairs windows replaced in 2019, giving buyers added confidence and value. Outside, you’ll find everything you need to enjoy country living. Cool off in the pool with its fun slide, or take advantage of the impressive barn, shop, and two additional outbuildings all with electricity, providing endless possibilities for hobbies, storage, livestock, equipment, or a home-based business. With a significant price reduction, this property presents an exceptional opportunity for buyers looking to personalize a home while enjoying acreage, privacy, and outstanding amenities. Whether you choose to move right in or update the home to match your vision, the value is undeniable. Located just minutes from town, this rare Lorena property offers the space, versatility, and potential that’s becoming harder to find.

Investor Tools

Property Icon
$480,000
Estimated Property Value
$339,150Estimated Mortgage Balance
$184,930Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$478,688
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,880 /month
Positive
Cash Flow Estimate:
$960 /month

Interested in this property?

Tiffanye Harrell

Coldwell Banker Apex, REALTORS

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$521/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,854
$415,190
2025
$62,320
$375,350
$437,670
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,854
$415,190

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crescent Mortgage Co
Conventional
$339,150
No
First
Nov 1, 2019
Nov 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$295,070
$184,930
38%
61%
$2,034/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$2,034/mo
$-494/mo
3.9%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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398 Bluebonnett Ln | Property Details | No Agent List