118 Iris St, Lorena, TX 76655
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Property image
FOR SALE
NEW - 7 HRS AGO
3D VIEW
0.83 ACRES

118 Iris St
Lorena, TX 76655

    $94,900

    Original price: $178,000
    Est. Mortgage $725/mo*

    $94,900

    Original price: $178,000
    Est. Mortgage $725/mo*
    (on 0.83 acres)

    Home Highlights

    HOA
    $55/Monthly
    Listed
    Less than a day ago

    Local Information

    • Map ViewExplore the area around 118 Iris St.
    • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    About this House

    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.

    Home Details for 118 Iris St

    Interior Features

    Appliances & Utilities
    Utilities: Electricity Available, Sewer Available, Water Available

    Exterior Features

    Frontage
    Not on Waterfront

    Days on Market

    Days on Market: <1 day on Trulia

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Improved Land
    Property Information
    Usage of Home: ResidentialParcel Number: 307001000002020

    Price & Status

    Price
    List Price: $94,900
    Status Change & Dates
    Possession Timing: Close Of Escrow

    Active Status

    MLS Status: Active

    Location

    Direction & Address
    City: LorenaCommunity: Arches Ph I Add
    School Information
    Elementary School: LorenaElementary School District: Lorena ISDJr High / Middle School: LorenaJr High / Middle School District: Lorena ISDHigh School: LorenaHigh School District: Lorena ISD

    Agent Information

    Listing Agent
    Listing ID: 21338241

    HOA

    HOA Fee Includes: Association Management, Maintenance GroundsHOA Name: Paramount Realty & ManagementHOA Phone: 254-855-4908Has an HOAHOA Fee: $55/Monthly

    Lot Information

    Lot Area: 0.83 acres

    Offer

    Listing Terms: Cash, Conventional, Texas Vet

    Miscellaneous

    Mls Number: 21338241Living Area Range Units: Square FeetAttribution Contact: 254-218-5940
    Last check for updates: about 3 hours ago
    Listing courtesy of Amanda Nesbitt 0600205, (254) 218-5940
    Magnolia Realty, 254-218-5940
    Source: NTREIS, MLS#21338241

    Market trends in Lorena

    Last updated June 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    Sale-to-List Price
    Price per sq ft
    Available listings
    90
    15
    MoM

    Price History for 118 Iris St

    DatePriceEventSource
    07/27/2026$94,900PriceChange
    NTREIS #21338241
    04/30/2025$178,000PriceChange
    NTREIS #219931
    03/19/2025$196,000PriceChange
    NTREIS #219931
    05/15/2024$203,000PriceChange
    WMLS #219931
    04/16/2024$205,000PriceChange
    WMLS #219931
    02/03/2024$209,000PriceChange
    WMLS #219931
    01/05/2024$220,000Listed For SaleWMLS #219931

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    Property Tax and Assessment

    Year2025
    Tax$2,686
    Assessment$134,370
    Home facts updated by county records

    Comparable Sales for 118 Iris St

    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    0.14
    Lot/Land
    -
    01/30/26
    -
    -
    1.75
    Lot/Land
    -
    07/14/26
    -
    -
    2.74
    Lot/Land
    -
    02/20/26
    -
    -
    3.36
    Lot/Land
    -
    06/11/26
    -
    -
    3.27
    Lot/Land
    -
    04/23/26
    -
    -
    4.07
    Lot/Land
    -
    07/17/26
    -
    -
    3.94
    Lot/Land
    -
    05/04/26
    -
    -
    4.55
    Lot/Land
    -
    08/18/25
    -
    -
    4.71
    Lot/Land
    -
    05/28/26
    -
    -

    Nearby homes

    Get a sense of prices in the area by checking nearby homes.
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    Assigned Schools

    These are the assigned schools for 118 Iris St.
    The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

    What Locals Say about Lorena

    At least 20 Trulia users voted on each feature.
    • 87 % Say car is needed

    • 86 % Say it's dog friendly

    • 86 % Say yards are well-kept

    • 80 % Say parking is easy

    • 78 % Say there's holiday spirit

    • 77 % Say people would walk alone at night

    • 71 % Say it's quiet

    • 70 % Say kids play outside

    • 58 % Say they plan to stay for at least 5 years

    • 53 % Say neighbors are friendly

    • 35 % Say it's walkable to grocery stores

    • 33 % Say streets are well-lit

    • 33 % Say there's wildlife

    • 24 % Say it's walkable to restaurants

    • 22 % Say there are sidewalks

    • 19 % Say there are community events

    Sourced by Trulia users. Learn more about our methodology.
    • D.d.adair
      "My neighborhood is quiet and relaxing. Everyone minds there own business but help when asked. It is safe to walk and bike and crime is so low I can’t remember when there was an issue."
    • Sue B.
      "I have lived here for the past 11 yrs. and absolutely love living here! The only reason I would consider selling is to move to Colorado, to be close to my family. Quiet neighborhood with wonderful neighbors. Natural waterfall in creek behind house, along with man made waterfall that is pumped out of the creek and recirculated back into the creek. Great place to raise kids!"

    LGBTQ Local Legal Protections

    Amanda Nesbitt, Magnolia Realty, 254-218-5940
    Agent Phone: (254) 218-5940
    IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
    118 Iris St, Lorena, TX 76655 is a lot/land. This property is currently available for sale and was listed by NTREIS on Jul 27, 2026. The MLS # for this home is MLS# 21338241.