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$160,000

NAL Estimated Property Value

188 Pilgrim Rd, Alvarado, TX, 76009

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,144 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$95.28 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Range, Electric Water Heater, Refrigerator
FlooringCarpet, Laminate

Exterior

Exterior FeaturesLighting, Storage
Lot Size7,013 sqft

Building Information

Year Built1975

Land Information

APN126.2323.01880
Lot Number188
Land UseResidential
Legal DescriptionLOT 188 BLUE WATER OAKS S# TXS0622897 L# TXS0622897 ELECTED PERSONAL
Census Tract130414
Assessed Land Value$60,000
Assessed Improvement Value$46,812
Assessment Year2025

About this property

Serene, secluded, and quiet lake community for your vacation home, quick getaway, or primary residence. You will be invited in from the large covered front porch, where you can enjoy your morning coffee or afternoon tea. Upon entering the home, you will be welcomed with a white palate and lots of windows for natural lighting. Enjoy your meals at the dining room table or breakfast bar where you will be amazed by all the built-in features and useful space that is perfectly placed throughout the home. The kitchen boasts gorgeous panoramic views and a plant ledge with great light perfect for growing herbs. The master bedroom has 2 large walk-in closets and ensuite bath, with access to your covered back porch. Enjoy the outdoor space, grow your garden in the already present greenhouse, watch the fruit trees grow while listening to the sounds of nature, or take advantage of the amenities this community offers such as the saltwater pool, boat dock and ramp, fishing pier, playground, and more.

Investor Tools

Property Icon
$160,000
Estimated Property Value
$26,815Estimated Mortgage Balance
$133,185Estimated Equity
83% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$960 /month
Positive
Cash Flow Estimate:
$320 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$224/month
$53/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,893
$106,812
2025
$60,000
$46,812
$106,812
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,893
$106,812

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mark Mangum
Purchase Money Mortgage
$30,000
No
First
Nov 20, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$26,815
$133,185
83%
17%
$180/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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188 Pilgrim Rd | Property Details | No Agent List