Discover the perfect canvas for your custom dream home in The Arches subdivision of Lorena! This prime homesite offers an incredible opportunity to design a residence that perfectly matches your lifestyle and vision, in a community with large lots, expansive views, and a premier school district. Enjoy the best of both worlds: live in a peaceful and charming small town, while commuting just a short distance to the vibrant and exciting downtown Waco, Baylor University, Lake Waco, and the everyday conveniences of I-35, Hwy 6, and Hwy 77. Don’t miss your chance to secure your future in Lorena’s most prestigious neighborhood! Additional lots available.
Lot/land
$94,900
118 Iris St, Lorena, TX 76655
--beds
--baths
0.83Acres
Improved Land
Built in ----
0.83 Acres Lot
$-- Zestimate®
$--/sqft
$55/mo HOA
What's special
Prime homesiteExpansive viewsCommunity with large lots
- 38 days
- 9
- 1
Zillow last checked:
Listing updated:
Listed by:
Amanda Nesbitt 0600205 254-218-5940,
Magnolia Realty 254-218-5940
Source: NTREIS,MLS#: 21338241
Facts & features
Interior
Video & virtual tour
Property
Lot
- Size: 0.83 Acres
- Features: Cleared, Level, Subdivision, City Lot
Details
- Parcel number: 307001000002020
- Zoning description: .
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Available, Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Arches Ph I Add
HOA
- Has HOA: Yes
- Services included: Association Management, Maintenance Grounds
- HOA fee: $55 monthly
- HOA name: Paramount Realty & Management
- HOA phone: 254-855-4908
Location
- Region: Lorena
Financial & listing details
- Tax assessed value: $134,370
- Annual tax amount: $2,686
- Date on market: 7/27/2026
- Listing terms: Cash,Conventional,Texas Vet
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/27/2026 | Price change | $94,900-46.7% |
Source: NTREIS #21338241 Report a problem | ||
| 4/30/2025 | Price change | $178,000-9.2% |
Source: NTREIS #219931 Report a problem | ||
| 3/19/2025 | Price change | $196,000-3.4% |
Source: NTREIS #219931 Report a problem | ||
| 5/15/2024 | Price change | $203,000-1% |
Source:  WMLS #219931 Report a problem | ||
| 4/16/2024 | Price change | $205,000-1.9% |
Source: WMLS #219931 Report a problem | ||
| 2/3/2024 | Price change | $209,000-5% |
Source: WMLS #219931 Report a problem | ||
| 1/5/2024 | Listed for sale | $220,000 |
Source: WMLS #219931 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,686 +4.8% | $134,370 |
| 2024 | $2,564 -12.5% | $134,370 -10.4% |
| 2023 | $2,929 | $150,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 76655
Nearby schools
Schools provided by the listing agent
- Elementary: Lorena
- Middle: Lorena
- High: Lorena
- District: Lorena ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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