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$220,000

217 S Preston Street, Alvarado, TX, 76009

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,344 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$147.32 / sqft
Year BuiltBuilt in 1996

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesElectric Range, Plumbed For Ice Maker
FlooringCarpet, Laminate

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size1.01 acres

Building Information

Year Built1995
Garage Spaces2

Land Information

APN126.0313.01471
Land UseResidential
Legal DescriptionABST 313 TR 42 I GLAZE S# PH076308A/B L# PFS0357034/35 ELECTED REAL
Census Tract130415
Assessed Land Value$70,560
Assessed Improvement Value$104,031
Assessment Year2025

About this property

BACK ON THE MARKET, buyer's financing fell through! MUST SEE this well maintained property is a unique find in Alvarado! The 3bdrm, 2ba home is located on a quiet, dead end street with no thru traffic. The home, mfg'd in 1996, has lrg closets, separate laundry, galley-style kitchen, lrg living space, and newly painted front deck, and a back deck that is perfect for those holiday bar-b-ques! This manufactured home is secured on permanent pier and beam. This amazing property is conveniently located 5 min fr I35, 22 min from I20, close to shopping. The shop is 30X24,blt-in cabinets, 110 and 220 elect and water! The storage building is 8X12.

Investor Tools

Property Icon
$220,000
Estimated Property Value
$0Estimated Mortgage Balance
$35,813Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,320 /month
Positive
Cash Flow Estimate:
$440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$463/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,460
$174,591
2025
$70,560
$104,031
$174,591
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,460
$174,591

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Stand Alone Second / Subordinate Position
$202,466
No
First
Aug 20, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$184,187
$35,813
16%
84%
$1,214/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: Alvarado

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217 S Preston Street | Property Details | No Agent List