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$231,505

NAL Estimated Property Value

201 N Spears St, Alvarado, TX, 76009

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,252 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$51.92 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

BankruptcyPre-ForeclosureDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
AppliancesNone

Exterior

Lot Size13,120 sqft

Building Information

Year Built1985

Land Information

APN126.2431.03730
Lot Number1A
Land UseResidential
Legal DescriptionLOT 1A BLK 22 ORIGINAL TOWN
Census Tract130415
Assessed Land Value$42,500
Assessed Improvement Value$189,005
Assessment Year2025

About this property

Unique opportunity in downtown Alvarado! Zoned SF2 and minutes from 67 and I-35. Developers, Investors, Home Builders, Local Business owners this could be a great opportunity! Owners have no knowledge about the home and it is being sold AS IS, with no one allowed to enter the home. Restore or tear down and build new. It is boarded up with No Trespassing signs on the home. Title is opened at McKnight Title in Fort Worth. There is no survey. Buyer to purchase a new survey if desired. Buyers Agent to Verify Schools. To list on MLS, certain boxes had to be checked on MLS, neither agent nor seller have accessed the property. Please reach out for documents. Previous offer was from a wholesaler who terminated in option at no fault of seller.

Investor Tools

Property Icon
$231,505
Estimated Property Value
$59,209Estimated Mortgage Balance
$172,296Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,389 /month
Positive
Cash Flow Estimate:
$463 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$878/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,374
$231,505
2025
$42,500
$189,005
$231,505
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2025
$9,374
$231,505

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thomas E Collins Etal
Purchase Money Mortgage
$64,000
No
First
May 24, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$59,209
$172,296
74%
26%
$384/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$384/mo
+$1,543/mo
10.0%

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: Alvarado

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201 N Spears St | Property Details | No Agent List