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$602,000

232 County Road 1515, Alba, TX, 75410

$648,129 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,597 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$144.4 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Electric Range, Refrigerator

Exterior

Lot Size1.65 acres

Building Information

Year Built1992

Land Information

APN59457
Lot Number1
Land UseResidential
Legal DescriptionLOT 1 PT 1.654 OAK LEAF S/D
Census Tract950402
Assessed Land Value$59,540
Assessed Improvement Value$266,980
Assessment Year2025

About this property

Seller offering $5,000 in flooring concessions with acceptable offer! Located just off FM 515 near Lake Fork, this charming property offers privacy and convenience with quick access to public boat ramps and several marinas. Tucked away from the main road, it features a shared, stocked pond with a fishing pier and a fully fenced yard perfect for pets. The main home boasts a spacious living room with a cozy wood-burning fireplace, leading into an updated kitchen with stainless steel appliances, dual oven electric range, farmhouse sink, and dishwasher. The open dining area and two enclosed sunrooms off the living room provide flexible living space. The split-bedroom layout includes a large primary suite with an en-suite bath and walk-in closet, plus two guest bedrooms and a full guest bath. The large laundry room and mudroom offer extra storage and space for additional refrigerators or freezers. A separate area at the back of the home currently used as a second living room, office, full bath, and small bedroom does not have central heat and air but does have air condition window units. It could be used as a rental unit, in-law suite, or converted to a garage. Central heating is functional; central air is not, and window units are currently installed throughout home. Price reflects a quote of $10,000 for HVAC replacement. A new aerobic septic system was installed in 2022. No known restrictions! This is a unique opportunity to enjoy country living close to the lake with room to make it your own.

Investor Tools

Property Icon
$602,000
Estimated Property Value
$90,400Estimated Mortgage Balance
$515,846Estimated Equity
85% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$648,128
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,612 /month
Positive
Cash Flow Estimate:
$1,204 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$476/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,699
$326,117
2025
$59,540
$266,980
$326,520
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,699
$326,117

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frost Bank
Commercial
$90,400
No
First
Oct 13, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$86,154
$515,846
85%
14%
$542/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: Alba

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232 County Road 1515 | Property Details | No Agent List