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$436,000

$437,000

300 W College Ave, Alvarado, TX, 76009

On MarketInfo
Price DropInfo
Beds3 Beds
Baths3 Bath
Baths2,422 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$180.02 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDisposal, Gas Water Heater, Tankless Water Heater
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size36,329 sqft

Building Information

Year Built1960
Garage Spaces2

Land Information

APN126.2344.00010
Land UseResidential
Legal DescriptionTR 105 BLK 1 S PT COLLEGE HILL
Census Tract130415
Assessed Land Value$58,380
Assessed Improvement Value$212,133
Assessment Year2025

About this property

WITH AN ACCEPTABLE OFFER, SELLER WILL CONTRIBUTE $5,000 TOWARD BUYER CLOSING COSTS! Experience the charm of small-town living just steps from historic downtown Alvarado, where exciting revitalization and community growth are bringing new energy to the area. Walk to local shops, dining, the scenic gazebo, and enjoy a front-row seat to the beloved community parade route! This beautifully transformed 1960 home combines the character and craftsmanship of an established home with extensive modern updates. Improvements span from the foundation to the roof and include updated plumbing, gas lines and electrical, a tankless water heater, new windows and roof, fresh attic insulation, and stylish finishes throughout. Inside, the thoughtfully updated kitchen features new cabinetry, while three spacious bedrooms and three full baths provide exceptional flexibility—including two bedrooms with primary-suite potential. Outside is where this property truly shines! Enjoy your own private backyard retreat featuring a sparkling pool and new covered patio, perfect for entertaining or relaxing. The fully fenced property also includes a brand-new workshop with electricity and a new gate for added privacy. Updated, spacious, and full of character—all within walking distance of the heart of Alvarado. This is small-town living with the space, amenities, and improvements buyers are looking for! One change I made intentionally: I removed **“It surpasses new construction.”** That’s a strong subjective claim for MLS. The description still conveys the same message by emphasizing the extensive updates plus the craftsmanship and character of an established home.

Investor Tools

$195,787Estimated Mortgage Balance
$238,307Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,616 /month
Positive
Cash Flow Estimate:
$872 /month

Interested in this property?

Donna Mendenhall

Dynamic Real Estate Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$633/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,426
$270,513
2025
$58,380
$212,133
$270,513
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,426
$270,513

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank Na
Conventional
$212,800
No
First
Feb 17, 2022
Mar 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$195,787
$239,213
54%
45%
$1,276/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,385/mo
$1,276/mo
+$1,109/mo
6.6%

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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300 W College Ave | Property Details | No Agent List