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Days30Days on Market
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$530,000

23515 Meritage Dr, Alvin, TX, 77511

On MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,843 Sq Ft
price_per_sqft$137.91 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 6Bathrooms Full 6
Garage AvailableGarage Available
Heating ElectricHeating Electric
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesSprinkler System
Lot Size12,645 sqft

Building Information

Year Built2022
Stories2
Roof Type105
Garage Spaces2

Land Information

APN6423-3002-026
Lot Number26
SubdivisionMarthas Vineyard Sec 3
Land UseResidential
Legal DescriptionMARTHAS VINEYARD SEC 3 (A0230 HT&BRR) BLK 2 LOT 26
Census Tract661000
Assessed Land Value$87,570
Assessed Improvement Value$419,330
Assessment Year2025

About this property

Beautiful! This home was made for celebrating life! Located on an over-sized corner lot with lake views in Martha's Vineyard. Home features TONS of modern contemporary builder updates, 5 bedrooms, 3.5 bathrooms, media room,gameroom, office/study,an over-sized 3-car tandem garage, all with quality designs and finishes. Home has formal dining, living room and kitchen all flowing seamlessly. On the primary floor you have the family room with fireplace,formal dinning, study, primary bedroom,a secondary bedroom. The gourmet kitchen features island, oven and built-in microwave, beautiful fixtures and accents. The primary bedroom has a separate shower, tub, double sinks, and large walk-in closet. Upstairs has 3 good sized bedrooms, media room for movies, gameroom for entertaining guests. Home has covered patio that looks onto the TX sized backyard and lake,with room for a pool and much more! HURRY! Make an appointment to view this beauty.

Investor Tools

$431,558Estimated Mortgage Balance
$75,342Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,180 /month
Positive
Cash Flow Estimate:
$1,060 /month

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Kofi Bankas

Kobank Homes

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$855/month
$700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,723
$506,900
2025
$87,570
$419,330
$506,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,723
$506,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending
Conventional
$462,299
No
First
Dec 23, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$431,558
$87,442
16%
85%
$2,772/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: Alvin

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23515 Meritage Dr | Property Details | No Agent List