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$220,016

251 Mariner Ct, Alvarado, TX, 76009

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,400 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$0.86 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Range

Exterior

Lot Size5,663 sqft

Building Information

Year Built2003

Land Information

APN126.2323.02510
Lot Number251
Land UseResidential
Legal DescriptionLOT 251 BLUE WATER OAKS S# CW2009164TXA/B L# HWC0339900/1 ELECTED REAL
Census Tract130414
Assessed Land Value$60,000
Assessed Improvement Value$160,016
Assessment Year2025

About this property

Three bedroom, two bath mobile home nestled in Blue Water Oaks. Blue Water Oaks is a private property owners association on the south west shore of Alvarado lake. Association has its own sewer system and water supply, two parks, large private swimming pool, boat ramp, dog, community hall with the county volunteer fire department located within Bluewater Oaks.

Investor Tools

Property Icon
$220,016
Estimated Property Value
$127,645Estimated Mortgage Balance
$103,673Estimated Equity
42% 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
$385/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,518
$220,016
2025
$60,000
$160,016
$220,016
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,518
$220,016

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cherry Creek Mortgage Co Inc
Fha
$127,645
Yes
First
Sep 16, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$116,343
$103,673
47%
53%
$766/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: Alvarado

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251 Mariner Ct | Property Details | No Agent List