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$539,900

1006 Memphis Dr, Corpus Christi, TX, 78412

On MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,570 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$151.23 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 4Bathrooms 4
Garage AvailableGarage Available

Exterior

Lot Size13,068 sqft

Building Information

Year Built1973
Stories2
Roof Type105
Garage Spaces741

Land Information

APN6637-0004-0150
Lot Number15
SubdivisionPharaoh Valley Ne & Sw #1
Land UseResidential
Legal DescriptionPHARAOH VALLEY NE & SW #1 BLK 4 LOT 15
Census Tract002708
Assessed Land Value$48,983
Assessed Improvement Value$351,097
Assessment Year2025

About this property

Welcome to 1006 Memphis, a beautifully renovated home nestled in the established Pharaoh Valley community, just off prestigious Ocean Drive. Blending timeless charm with extensive modern upgrades. The main level offers an inviting flow with a dedicated dining room, expansive living area featuring vaulted ceilings, and a stunning, fully remodeled designer kitchen (2023). The kitchen is a true showpiece, complete with custom maple cabinetry, quartzite countertops, a large butcher block island, premium Samsung black stainless-steel appliances, double oven, copper farmhouse sink, and striking copper accents throughout. A breakfast nook and abundant storage make this space as practical as it is beautiful. Downstairs also features a private, multi-generational wing with its own entrance, ideal for extended living or guest accommodations. This space includes a living area, oversized primary bedroom with room for a breakfast area, dry bar, kitchenette, large closet, and easily accessible bathroom. Upstairs, you’ll find a secondary primary suite along with three additional generously sized bedrooms, offering incredible flexibility and space for all. Extensive improvements include roof (2021), hybrid water heater (2020), new windows and doors (2018), fully remodeled bathrooms (2019–2024), updated flooring with Brazilian cherry hardwood, premium vinyl, and ceramic tile (2020), and fresh interior/exterior paint with Sherwin-Williams products. Additional upgrades include a new concrete driveway, garage doors, and fencing (2025), reinforced garage storage rooms, EV-ready 200 AMP service, and a large tiled patio ready for expansion. This is a rare opportunity to own a truly turn-key home with exceptional space, versatility, and high-end finishes throughout. Enjoy quick access to NAS CC, Texas A&M, parks, top medical, dining & shopping! *A passing hydrostatic test report (2025), a clear foundation engineer report (2025), and a full list of improvements are available upon request.

Investor Tools

Property Icon
$544,000
Estimated Property Value
$166,500Estimated Mortgage Balance
$406,250Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,264 /month
Positive
Cash Flow Estimate:
$1,088 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$713/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$400,080
2025
$48,983
$351,097
$400,080
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$400,080

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Usaa Fsb
Conventional
$166,500
No
First
Feb 7, 2018
Mar 2033

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$138,750
$417,250
75%
26%
$999/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: Corpus Christi

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1006 Memphis Dr | Property Details | No Agent List