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$231,000

NAL Estimated Property Value

702 1st Street, Lorenzo, TX, 79343

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,438 Sq Ft
price_per_sqft$92.29 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Cooktop, Electric Oven, Microwave
FlooringEngineered Hardwood

Exterior

Exterior FeaturesPrivate Yard, Rain Gutters, Storage
Lot Size14,000 sqft

Building Information

Year Built1970
Garage Spaces2

Land Information

APNR11097
Lot Number1-4
Land UseResidential
Legal DescriptionORIGINAL TOWN LORENZO BLOCK 7 LOT 1-4
Census Tract950300
Assessed Land Value$4,920
Assessed Improvement Value$154,480
Assessment Year2025

About this property

Rare find in Lorenzo, TX! This well-kept 3-bedroom, 2-bath home sits on a spacious corner lot with beautiful mature trees. It features a 2-car garage, an insulated shop with electricity, and a 300 sq. ft. sunroom with ducting. Recent updates include a newer roof, HVAC, metal soffit and fascia, fresh interior paint (including the garage), granite countertops, updated flooring, modern light fixtures, 2" blinds, a new soaking tub, living room windows, and a front storm door. The home also offers walk-in closets, storm windows, and a newer stovetop and microwave. With generous living spaces and a great layout, there's plenty of room to spread out. Outside, you'll find two patios—one covered—perfect for relaxing or entertaining, plus well-maintained landscaping and gutters. If you're ready to enjoy small-town living with a little extra space, this home is a must-see!

Investor Tools

Property Icon
$231,000
Estimated Property Value
$230,362Estimated Mortgage Balance
$638Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,386 /month
Positive
Cash Flow Estimate:
$462 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$325/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,746
$159,400
2025
$4,920
$154,480
$159,400
No

Tax History

Year
Tax Paid
Assessed Value
2022
$2,746
$159,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nova Financial & Investment Corp
Unknown
$234,491
No
First
May 6, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$230,362
$638
0%
100%
$1,406/mo

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: Lorenzo

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702 1st Street | Property Details | No Agent List