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$274,900

8901 S Monterrey Dr, Alvarado, TX, 76009

$278,898 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,976 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$139.12 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Cooktop, Electric Water Heater
FlooringCeramic Tile

Exterior

Lot Size1 acre

Building Information

Year Built2005
Garage Spaces2

Land Information

APN126.2422.01560
Lot Number16
Land UseResidential
Legal DescriptionLOT 16 BLK 4 MONTERREY ADDITION PH II S# CV02AL0258752A/B L# NTA1187657/8 ELECTED REAL
Census Tract130416
Assessed Land Value$70,000
Assessed Improvement Value$172,806
Assessment Year2025

About this property

Experience country living with easy access to the Metroplex on this huge 1 acre lot with a double wide mobile home that features new luxury vinyl plank floors, freshly painted throughout and more updates throughout. Home boasts a generously sized master suite complete with a cozy sitting area and updated bath with new tile, cabinetry with quartz counters, faucets & hardware. Enjoy the spacious living room with quaint fireplace open to the spacious kitchen with painted cabinetry, new hardware & prep island with quartz countertop. Floorplan features a dining area and extra living room. Detached 2-car garage, deep driveway and additional circular driveway, great for large gatherings with friends and family. Charming property has easy access to Hwy 35W and is just minutes from Burleson & Midlothian with nearby shops, dining and entertainment. Students attend Alvarado ISD schools. Stainless Steel Appliances to be installed Saturday, Aug 31.

Investor Tools

Property Icon
$287,000
Estimated Property Value
$279,739Estimated Mortgage Balance
$15,153Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$278,897
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,722 /month
Positive
Cash Flow Estimate:
$574 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$486/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,391
$242,806
2025
$70,000
$172,806
$242,806
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,391
$242,806

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Towne Mortgage Co
Fha
$279,739
Yes
First
Oct 1, 2024
Nov 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$271,847
$15,153
5%
95%
$1,678/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.

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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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8901 S Monterrey Dr | Property Details | No Agent List