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A+
NoAgentList RatingHow are grades calculated? Info

$276,000

501 N Sparks St, Alvarado, TX, 76009

$358,800 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths3,441 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$86.89 / sqft
Year BuiltBuilt in 1917

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDisposal, Gas Oven, Gas Range, Gas Water Heater
FlooringLinoleum, Wood, Other

Exterior

Exterior FeaturesStorage
Lot Size17,424 sqft

Building Information

Year Built1917
Garage Spaces2

Land Information

APN126.2431.00450
Lot Number12R
SubdivisionOriginal Town Of Alvarado
Land UseResidential
Legal DescriptionLOT 12R BLK 3 ORIGINAL TOWN OF ALVARADO
Census Tract130415
Assessed Land Value$42,500
Assessed Improvement Value$233,421
Assessment Year2025

About this property

Seller is open to reasonable offers! All the major work has been completed. FALL IN LOVE with this spacious home & its rustic charm! This historical home sits on an oversized corner lot with a large beautiful wrap around porch. Original shiplap walls, hardwood floors pocket doors & wooden staircase add to the unique charm. 4 bedrooms with closets, 3 original coal burning fireplaces now used as decoration. 1st living area has an office area, huge formal dining area, other room downstairs that could be used a guest room. Primary bedroom, other room, living room, dining room, and laundry rooms are all downstairs. Large enclosed sunroom is upstairs. Spacious laundry room with plenty of room for the freezer & more! 3 bedrooms, office & bonus room upstairs! The current owners have done the hard work and restored the core of this modern farmhouse including plumbing, AC, electric, siding around the entire home, porch, and AC units with warranties. Detached garage. SEE Transaction deck docs.

Investor Tools

Property Icon
$276,000
Estimated Property Value
$274,928Estimated Mortgage Balance
$16,643Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$358,800
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,794 /month
Positive
Cash Flow Estimate:
$598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,112/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,964
$275,921
2025
$42,500
$233,421
$275,921
No

Tax History

Year
Tax Paid
Assessed Value
2025
$11,964
$275,921

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Churchill Mortgage Corp
Fha
$274,928
Yes
First
Apr 14, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$259,357
$16,643
6%
94%
$1,649/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,385/mo
$1,649/mo
+$736/mo
10.4%

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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501 N Sparks St | Property Details | No Agent List