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$238,095

500 S Spears Street, Alvarado, TX, 76009

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,236 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$214.32 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Electric Oven, Refrigerator
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesStorage
Lot Size17,394 sqft

Building Information

Year Built1955

Land Information

APN126.2431.10170
Lot Number4-6
Land UseResidential
Legal DescriptionLOT 4,5,6 BLK 55 ORIGINAL TOWN
Census Tract130415
Assessed Land Value$42,500
Assessed Improvement Value$195,595
Assessment Year2025

About this property

Charming 2 bedroom on a large corner lot with mature trees and excellent curb appeal! Enjoy your morning coffee under the covered front porch or relax out on the back deck in privacy and take it all in! This adorable home offers large spacious rooms with high vaulted ceilings and plenty of windows allow for ample natural lighting throughout the home. Double electric fireplace featured in the master and living areas so grab that blanket and stay warm and cozy! Step into the kitchen and you'll find tons of cabinet space with plenty of countertop area on both sides of the kitchen. Separate utility room also features half bath area. Huge backyard is surrounded by a large wooden privacy fence so invite the family and friends over and enjoy cooking out on game day! Take the kids right down the road to Jellystone Park or enjoy some kayaking, fishing and boating at Alvarado Park Lake just minutes away! Stay even closer and hit up the walking trail at Parkway Park less than a mile away!

Investor Tools

Property Icon
$238,095
Estimated Property Value
$0Estimated Mortgage Balance
$55,141Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,589 /month
Positive
Cash Flow Estimate:
$530 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$606/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,082
$238,095
2025
$42,500
$195,595
$238,095
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,082
$238,095

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nexbank Ssb
Conventional
$183,750
No
First
Feb 9, 2026
Mar 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$182,954
$55,141
23%
77%
$1,102/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,456/mo
$1,102/mo
+$354/mo
7.3%

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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500 S Spears Street | Property Details | No Agent List