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$639,000

NAL Estimated Property Value

6211 Farm Terrace Street, Alvarado, TX, 76009

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,798 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$177.73 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Tankless Water Heater
FlooringCarpet, Concrete, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesFire Pit, Rain Gutters, Storage
Lot Size41,251 sqft

Building Information

Year Built2007

Land Information

APN126.2388.01380
Lot Number8-11
Land UseResidential
Legal DescriptionLOT 8,9,10,11 BLK 6 LAKEWOOD VIEW I
Census Tract130415
Assessed Land Value$33,145
Assessed Improvement Value$541,692
Assessment Year2025

About this property

Charming Home with So Much Character! This Place has Ample Room for Entertaining or Multigenerational Living! 5 Bedrooms, 3.1 Bath with Privacy all Around. Marvelous Porch for Morning Coffee. Inside, Open Living Area with Windows to View the Beautiful park-like Backyard. Big Kitchen, Large Dining Room, Primary Bedroom features Office with a Spa-Like Bathroom, Additional Living Area & Game Room Upstairs. Outside, Large Updated Deck for BBQs & Cornhole! Impressive Treed Lot with a Pool, Home Gym, Spa, and Sauna for your After Workout Regimen, 30 X 40 Insulated Workshop with Electricity & a Separate Entrance with additional Parking for RV and Boat. Chicken Coop with Chickens. So Many Updates: Remodeled Kitchen: New Flooring, Large Island, Undermount Lighting, New Dishwasher & Range. New Paint throughout, Updated Carpet, New Fixtures, New Exterior Doors, LED Lighting, Spa-like Primary Bath Suite Totally Remodeled, New Powder Room, 2 Tankless Water Htrs. Make your appointment now!

Investor Tools

Property Icon
$639,000
Estimated Property Value
$580,896Estimated Mortgage Balance
$58,104Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,050 /month
Positive
Cash Flow Estimate:
$1,350 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,242/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,712
$574,837
2025
$33,145
$541,692
$574,837
No

Tax History

Year
Tax Paid
Assessed Value
2025
$11,712
$574,837

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$607,500
No
First
Dec 4, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$580,896
$58,104
9%
91%
$3,643/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,385/mo
$3,643/mo
$-1,258/mo
4.5%

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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6211 Farm Terrace Street | Property Details | No Agent List