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$123,000

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 0.079 Acres
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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.

Full Property Details for 502 N Spears St

General

  • Price: $123,000
  • Taxes: $3,425
  • Status: Active
  • Type: Single Family
  • Source: NTREIS
  • MLS ID: 21155866
  • Updated: 3/17/2026
  • Added to Site: 132 day(s) ago

Interior

  • Interior Features: Eat-in Kitchen, Paneling/Wainscoting
  • Appliances: Microwave
  • Flooring: Wood

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: Washer Hookup, Electric Dryer Hookup, Laundry in Utility Room

Additional Information

  • Equipment: None

Exterior

  • Porch/Patio/Deck: Covered

Parking

  • Parking Features: Gravel, Unpaved

Location

  • County: Johnson
  • Subdivision: Original Town
  • Driving Directions: Please take care to use: 502 NORTH Spears without the North you will be at the other end of the street. Google maps is your friend. From 67 take N Baugh St, turn right onto E Shelton St, left onto N Spears.

School Information

  • Elem School District: Alvarado ISD
  • Midd School District: Alvarado ISD
  • High School District: Alvarado ISD
  • Elementary School: Alvarado N
  • High School: Alvarado

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Available, Natural Gas Available, Overhead Utilities, Sewer Available, Separate Meters, Water Available

Structural Information

  • Property Detached: Yes
  • Architectural Style: A-Frame, Detached
  • Structure Type: House
  • Detached/Attached: Detached
  • Construction: Wood Siding
  • Roof: Composition, Shingle
  • Stories/Levels: 1
  • Living Area: 768 Sq. Ft.
  • Year Built: 1945

Additional Structures

  • Other Structures: Shed(s)

Lot Features

  • Lot Size (Acres): 0.079
  • Lot Size (Sq. Ft.): 3,441.24
  • Lot Features: Many Trees
  • Trees/Vegetation: Grassed
  • Fencing (Description): Chain Link

Financial Considerations

  • For Sale/Rent/Lease: For Sale
  • Tax Amount: $3,425

Disclosures and Reports

  • Legal Description: LOT 5A, 6A BLK 4 ORIGINAL TOWN
  • Property ID: 126243100600
  • Block: 4
  • Lot Number: 5A

Listed by CENTURY 21 Judge Fite Company, Lori Brown

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Listing agent

— 502 N Spears St —

  • Lori Brown

    CENTURY 21 Judge Fite Company

972-723-8231

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 502 N Spears St

School District:Alvarado Independent School District
NameGradesDistance
Alvarado Intermediate School
1401 East Davis Avenue, Alvarado, TX 76009
4-61.3 mi
Alvarado El-North
1500 North Cummings Drive, Alvarado, TX 76009
PK-31.5 mi
Alvarado J High School
1000 North Cummings Drive, Alvarado, TX 76009
7-80.6 mi
Alvarado High School
1301 South Parkway Drive, Alvarado, TX 76009
9-121.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 502 N Spears St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/17/2026
Price Reduced
$123,000
-2.38%
MLS
1/16/2026
Listed
$126,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 502 N Spears St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,175
84%
$138,728
—
2024
$3,893
152%
$138,728
30%
2018
$1,542
22%
$107,064
130%
2021
$1,264
21%
$46,574
23%
2020
$1,044
41%
$37,908
41%
2018
$740
-8%
$26,880
-7%
2017
$802
—
$28,908
—
2016
$799
1%
$28,908
—
2015
$795
8%
$28,908
8%
2019
$735
-5%
$26,880
-7%
2014
$774
—
$28,908
—
2013
$776
—
$28,908
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by CENTURY 21 Judge Fite Company, Lori Brown

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502 N Spears Street, Alvarado, TX 76009 (MLS# 21155866) is a Single Family property with 2 bedrooms and 1 full bathroom. 502 N Spears Street is currently listed for $123,000 and was received on January 16, 2026. Want to learn more about 502 N Spears Street? Do you have questions about finding other Single Family real estate for sale in Alvarado? You can browse all Alvarado real estate or contact a Coldwell Banker agent to request more information.

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