502 N Spears St, Alvarado, TX, 76009
About This Home
Investor special! 1945 A-frame farmhouse featuring 2 bedrooms and 1 bath. Small footprint with solid potential for renovation or resale. Property requires extensive repairs and is being sold AS-IS. Ideal project for flippers, investors, or contractors looking for value-add opportunity. With the right updates, this home could be transformed into a profitable rental, resale, or weekend retreat. Bring your vision and tools-significant upside for the right buyer.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1945
Materials
- Foundation: Pillar/Post/Pier
- Roof: Composition,Shingle
- Construction materials: Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: A-Frame,Detached
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Microwave
- Laundry features: Washer Hookup,Electric Dryer Hookup,Laundry in Utility Room
Bedroom
- Level: First
- Dimensions: 14 x 12
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Eat-in Kitchen,Paneling/Wainscoting
- Flooring: Wood
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: None
Interior Area
- Total interior livable area: 768 sqft
Living Room
- Level: First
- Dimensions: 12 x 14
Master Bedroom
- Level: First
- Dimensions: 14 x 15
Other
- Level: First
- Dimensions: 8 x 5
Property
Details
- Parcel number: 126243100600
- Other equipment: None
Features
- Levels: One
- Stories: 1
- Pool features: None
- Patio & porch: Covered
- Fencing: Chain Link
- Residential vegetation: Grassed
Lot
- Lot size: 3,441 sqft
- Features: Many Trees
Parking
- Parking features: Gravel,Unpaved
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Cold Wave
- Heat Wave
- Hail
- Inland Flooding
- Ice Storm
- Lightning
- Strong Wind
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $621 | $7,452 |
| Home Insurance * | $85 | $1,020 |
| Property Taxes | $251 | $3,012 |
| Electricity | $238 | $2,859 |
| Total | $1,195 | $14,340 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-17 | Price change | $123,000 |
| 2026-01-16 | Listed for sale | $126,000 |
For Sale by Agent
View on Zillow