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$199,900

217 Chambers Dr, Alvarado, TX, 76009

On MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,206 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$165.75 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
AppliancesElectric Range
FlooringWood

Exterior

Lot Size13,373 sqft

Building Information

Year Built1983

Land Information

APN126.2323.02170
Lot Number217
Land UseResidential
Legal DescriptionLOT 217 BLUE WATER OAKS
Census Tract130414
Assessed Land Value$60,000
Assessed Improvement Value$127,929
Assessment Year2025

About this property

Just under 0.31 of an acre, lake-adjacent, corner lot in Blue Water Oaks! Whether you seek full-time living, a weekend escape, or a smart investment, this property is ready for you. The well maintained home features: 3 bedrooms, 2 full bathrooms, two living-den spaces, an open concept eat-in kitchen area, full sized laundry area with access to the hot water heater and back of the home-property, down the hallway are 2 guest bedrooms, an updated full sized bathroom, a primary suite with built-in shelving, a private ensuite primary bathroom, access from one of the living-den spaces to an exterior large covered deck perfect for outside dining-entertaining-relaxation. Due to the large lot there is room to add your own touches to the property like a paved or gravel driveway, carport, garage, the options are almost endless. The benefits to purchasing this property include membership to the Blue Water Oaks HOA. For just $65 a month, membership provides access to exceptional amenities including: an inviting community pool, large park & playground, private lake dock and boat ramp, water, trash and more - perfect for relaxing and enjoying Alvarado lake life.

Investor Tools

$42,360Estimated Mortgage Balance
$190,640Estimated Equity
82% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,398 /month
Positive
Cash Flow Estimate:
$466 /month

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Ryan Gamill

All City

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$375/month
$65/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,330
$187,929
2025
$60,000
$127,929
$187,929
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,330
$187,929

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$52,500
No
First
Apr 21, 2017
May 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$42,360
$199,640
82%
18%
$315/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$380/mo
+$1,547/mo
9.9%

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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217 Chambers Dr | Property Details | No Agent List