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$216,000

NAL Estimated Property Value

1503 Meadow Ln, Alvin, TX, 77511

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,263 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$178.15 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating ElectricHeating Electric
CoolingCooling
AppliancesElectric Oven, Microwave, Electric Range, Dishwasher
FlooringCarpet, Laminate

Exterior

Lot Size9,749 sqft

Building Information

Year Built1962
Stories1
Roof Type105
Garage Spaces2

Land Information

APN8250-0014-000
Lot Number3
SubdivisionWest Terrace
Land UseResidential
Legal DescriptionWEST TERRACE (ALVIN), BLOCK 3, LOT 3
Census Tract661400
Assessed Land Value$23,890
Assessed Improvement Value$161,110
Assessment Year2025

About this property

Don't miss out on a wonderful opportunity to own a home with NO HOA and walking distance from Lions Baseball Park and Alvin High School. This home comes move-in ready with renovations in the bathrooms and kitchen. Major updates include Pex Plumbing throughout the house and a newer AC unit. A den/family room is located in the front of the house, but still close enough to the kitchen so you don't miss out on any entertainment. Going out of the back door you're welcomed by plenty of shade and a great size covered patio. The huge backyard is an extra bonus giving you plenty of space to entertain and or add a pool. Come and view this property today, you'll be happy you did.

Investor Tools

Property Icon
$216,000
Estimated Property Value
$210,875Estimated Mortgage Balance
$5,125Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,350 /month
Positive
Cash Flow Estimate:
$450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$315/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$185,000
2025
$23,890
$161,110
$185,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$185,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Plaza Home Mortgage Inc
Fha
$216,997
Yes
First
Oct 1, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$210,875
$13,125
5%
98%
$1,302/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.

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: Alvin

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1503 Meadow Ln | Property Details | No Agent List