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$155,000

NAL Estimated Property Value

187 Pilgrim Rd, Alvarado, TX, 76009

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,107 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$112.92 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
FlooringCarpet, Laminate, Vinyl

Exterior

Exterior FeaturesLighting, Storage
Lot Size10,803 sqft

Building Information

Year Built1980

Land Information

APN126.2323.01870
Lot Number187
Land UseResidential
Legal DescriptionLOT 187 BLUE WATER OAKS S# TXFL1AB321 L# TEX0174554 ELECTED REAL
Census Tract130414
Assessed Land Value$60,000
Assessed Improvement Value$64,056
Assessment Year2025

About this property

A piece of lake heaven with serene surroundings, with peach, plum trees and grapevines, all producing. This home can be your lake house, vacation home or permanent residence. Large open concept living, dining room and kitchen. Beautiful large kitchen with decorative lighting, island and eat-in kitchen space. Owner suite is a peaceful retreat with a sitting area. Gorgeous bathrooms with wheelchair accessibility. Beautiful ramp entrance to this welcoming warm home. Guest bedroom has an adorable half bath for privacy for your guest. Stunning dining room from floor to ceiling, room to seat all of your family and friends. The front entrance has a screened in beautiful, covered patio 23x6 perfect for your morning coffee, afternoon tea, or evening cocktail. Room for your lake toys and RV. Beautifully landscaped with drought tolerant plants, a must see. This community boasts with so many amenities, saltwater pool, boat dock, boat ramp, fishing pier, playground, fire station, community events.

Investor Tools

Property Icon
$155,000
Estimated Property Value
$0Estimated Mortgage Balance
$155,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$930 /month
Positive
Cash Flow Estimate:
$310 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$248/month
$53/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,198
$124,056
2025
$60,000
$64,056
$124,056
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,198
$124,056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$155,000
100%
0%
$0/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: Alvarado

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187 Pilgrim Rd | Property Details | No Agent List