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$198,000

NAL Estimated Property Value

1224 Roosevelt Blvd, Alice, TX, 78332

SoldInfo
8/06/26
Beds2 Beds
Baths2 Bath
Baths1,664 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$120.13 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Range, Disposal, Refrigerator, Range Hood, Trash Compactor, Dryer, Washer
FlooringCarpet, Laminate, Tile, Vinyl

Exterior

Exterior FeaturesDeck, Hot Tub Spa, Sprinkler Irrigation, Rain Gutters, Storage

Building Information

Garage Spaces1

Land Information

APN1140401500000
Lot Number15
Land UseResidential
Legal DescriptionEDGEWOOD # 1 LT 15 BLK 1 0000.000
Census Tract950303
Assessed Land Value$10,976
Assessed Improvement Value$97,603
Assessment Year2025

About this property

Welcome to 1224 Roosevelt Drive, a well-maintained ranch-style home located in the established Edgewood subdivision of Alice, Texas. Built in 1982, this 2-bedroom, 1.5-bathroom residence offers 1,664 square feet of living space and sits on a spacious 10,500 square foot corner lot, providing plenty of room both inside and out. Designed for comfortable living, the home features two living areas and a separate dining room, offering flexibility for entertaining, hobbies, or additional gathering space. The main living room is highlighted by vaulted ceilings, creating an open and inviting atmosphere. The recently renovated kitchen is a standout feature, showcasing custom cabinetry, granite countertops, stainless steel appliances, a vent hood, and an induction cooktop/range. A separate laundry room adds convenience, and the washer, dryer, and refrigerator will convey with an acceptable offer. Flooring throughout the home includes a combination of carpet, laminate, tile, and vinyl, while much of the interior has been freshly painted. Additional features include central heating and air conditioning, with heating provided by a gas furnace, and a 1-car front-entry garage. Outdoor living is equally appealing. The home features a covered front porch and a large covered wooden deck overlooking the backyard, providing excellent spaces for relaxing or entertaining. The spacious backyard is enclosed by a wood privacy fence and includes a storage shed, sprinkler system, and a hot tub that will convey with the property. Constructed with three-sided brick, the home also benefits from a roof that is approximately 10 years old. City water and city sewer services are connected, adding everyday convenience. With its updated kitchen, multiple living spaces, generous corner lot, and numerous amenities, 1224 Roosevelt Drive offers a wonderful opportunity for buyers seeking a move-in-ready home in one of Alice's established neighborhoods.

Investor Tools

Property Icon
$198,000
Estimated Property Value
$111,671Estimated Mortgage Balance
$86,628Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,199 /month
Positive
Cash Flow Estimate:
$400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$193/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,327
$108,579
2025
$10,976
$97,603
$108,579
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,327
$108,579

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Community Bank (Lexington)
Conventional
$140,600
No
First
Oct 18, 2016
Nov 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$111,671
$63,329
36%
56%
$843/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: Alice

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1224 Roosevelt Blvd | Property Details | No Agent List