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$345,000

515 Lakeview Dr, Alvarado, TX, 76009

PendingInfo
Beds4 Beds
Baths2 Bath
Baths2,044 Sq Ft
price_per_sqft$168.79 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesElectric Cooktop, Microwave, Convection Oven
FlooringCeramic Tile, Wood

Exterior

Lot Size6,599 sqft

Building Information

Year Built2017
Garage Spaces2

Land Information

APN126.2465.05210
Lot Number21
SubdivisionStonegate Manor Ph 3
Land UseResidential
Legal DescriptionLOT 21 BLK E STONEGATE MANOR PH 3
Census Tract130417
Assessed Land Value$67,500
Assessed Improvement Value$305,640
Assessment Year2025

About this property

Welcome to 515 Lakeview Drive in Alvarado! This beautifully maintained 4-bedroom, 2-bath home offers approximately 2,042 square feet of thoughtfully designed living space in a convenient location close to schools, shopping, and major highways. This beautiful home offers a bright open-concept floor plan that is perfect for both everyday living and entertaining. The spacious kitchen features granite countertops, stainless steel appliances, abundant cabinetry, and a large center island overlooking the inviting family room. The flexible bonus room offers endless possibilities and can serve as a home office, playroom, formal dining area, or second living space. The private primary suite offers a relaxing retreat with an ensuite bath and a generous walk-in closet. Three additional bedrooms provide plenty of room for family, guests, or hobbies. Enjoy easy-maintenance flooring, modern finishes, and abundant natural light throughout the home. Step outside to a manicured fenced backyard with space for pets, play, gardening, or outdoor gatherings. Located within walking distance to Alvarado schools and just minutes from I-35W and Hwy 67, this home combines small-town charm with convenient access to Fort Worth and the surrounding areas. No HOA!! — This community offers walking trails and a stocked fishing pond that invite families who want low-maintenance living with outdoor recreation right outside your door. Don't miss this opportunity to own a move-in-ready home in one of Alvarado's friendliest neighborhoods!

Investor Tools

$177,242Estimated Mortgage Balance
$196,260Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,239 /month
Positive
Cash Flow Estimate:
$746 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$722/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,796
$373,140
2025
$67,500
$305,640
$373,140
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,796
$373,140

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Conventional
$199,500
No
First
Sep 14, 2020
Oct 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$177,242
$195,898
52%
48%
$1,197/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,197/mo
+$730/mo
6.2%

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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515 Lakeview Dr | Property Details | No Agent List