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$237,000

NAL Estimated Property Value

602 E Alabama St, Wharton, TX, 77488

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,100 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$118.57 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDisposal, Electric Oven, Electric Range, Gas Range, Dishwasher
FlooringWood, Vinyl

Exterior

Lot Size11,317 sqft

Building Information

Year Built1945
Garage Spaces2

Land Information

APN26241
Lot Number5
SubdivisionWharton
Land UseResidential
Legal DescriptionWHARTON BLOCK 23 LOT 5
Census Tract740400
Assessed Land Value$25,461
Assessed Improvement Value$189,933
Assessment Year2025

About this property

What an awesome opportunity to own 2 properties in one! The 2,100 sf 2-story main house offers you a spacious downstairs living area with 1 bedroom & bathroom on that level and 2-3 bedrooms and another full bathroom upstairs. There's a smaller upstairs room that could also be used as another bedroom or the perfect office. The 1 bedroom detached garage apartment sits over a 2-car garage offering another 650 sf. of living space. Use this space as your office, guest house, or rent it out for additional income. The approx 1/4 acre corner lot includes a fenced in back yard between the main house and the garage apartment. The homes feature hardwood flooring and unique built-in shelves and cabinets giving it lots of character. The front porch swing invites you to sit a spell and watch the world go by. Don't miss this unique opportunity to begin your investment property journey! Live in one house and lease the other out!

Investor Tools

Property Icon
$237,000
Estimated Property Value
$463,008Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,494 /month
Positive
Cash Flow Estimate:
$498 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$471/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,470
$215,394
2025
$25,461
$189,933
$215,394
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,470
$215,394

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sofi Bank Na
Unknown
$235,653
No
First
May 7, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$463,008
N/A
0%
195%
$2,826/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.

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: Wharton

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602 E Alabama St | Property Details | No Agent List