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$407,000

NAL Estimated Property Value

242 Alleda Rd, Prairie View, TX, 77484

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,762 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$218.5 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available

Exterior

Lot Size17,990 sqft

Building Information

Year Built2024
Garage Spaces1

Land Information

APN714200-008-164-000
Lot Number164
SubdivisionPrairie Hills 2
Land UseResidential
Legal DescriptionS714200 PRAIRIE HILLS 2 BLK 8 LOT 164
Census Tract680301
Assessed Land Value$82,800
Assessed Improvement Value$310,030
Assessment Year2025

About this property

Experience the charm of this never-lived-in home, situated on a sprawling 18,000 sq ft lot in a rapidly growing area surrounded by new construction. This 3-bedroom, 2-bath property features durable ceramic tile flooring throughout, and a modern kitchen equipped with stainless steel appliances. With no HOA, you’ll have the freedom to make this property your own. The property also includes a workshop/shed complete with electricity and a mini-split system, offering endless possibilities for projects or storage. Don’t miss this incredible opportunity!

Investor Tools

Property Icon
$407,000
Estimated Property Value
$328,495Estimated Mortgage Balance
$78,505Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,442 /month
Positive
Cash Flow Estimate:
$814 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$239/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$839
$392,830
2025
$82,800
$310,030
$392,830
No

Tax History

Year
Tax Paid
Assessed Value
2024
$839
$392,830

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank
Commercial
$337,500
No
First
Nov 21, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$328,495
$64,335
16%
81%
$2,024/mo

City: Prairie View

242 Alleda Rd | Property Details | No Agent List