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$710,780

NAL Estimated Property Value

1018 Tiki Drive, Tiki Island, TX, 77554

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,643 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$395.01 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher, Dryer, Refrigerator, Washer
FlooringLaminate

Exterior

Exterior FeaturesBoat Slip
Lot Size5,998 sqft

Building Information

Year Built2004
Stories1
Roof Type105
Garage Spaces7

Land Information

APN7132-0000-0017-000
Lot Number17
SubdivisionTiki Cove Estates (99)
Land UseResidential
Legal DescriptionABST 7 LOT 17 TIKI COVE ESTATES
Census Tract723800
Assessed Land Value$330,000
Assessed Improvement Value$380,780
Assessment Year2025

About this property

Summer is on the way and here's your ideal WATERFRONT retreat located in exclusive Tiki Island on Jones Bay, adjacent to a bird and fish-filled marsh/wetlands area.Private boat slip and just minutes to Galveston by car or boat.Spacious,open floorplan features large family room with high ceiling,fireplace,large flat-screen TV & a wall of windows to the bay.Custom granite kitchen w/stainless appliances & breakfast bar that seats 8.Private master suite w/roomy bath featuring deep,soaking jetted tub,separate shower & large walk-in.Freshly painted throughout with new flooring & just-updated baths. Enormous 31x26 deck partially covered with a gas firepit, speakers & outdoor seating. First level includes covered parking for 2+ cars, storage room and large bar for entertaining.Ground floor opens to the water, a covered boat slip, boat lift & fish cleaning station. Plenty of room on the side for a large boat & other toys.Exterior cargo lift. Fully furnished & ready for fun.Golf cart negotiable.

Investor Tools

Property Icon
$710,780
Estimated Property Value
$417,454Estimated Mortgage Balance
$293,326Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,265 /month
Positive
Cash Flow Estimate:
$1,422 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,034/month
$70/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,850
$710,780
2025
$330,000
$380,780
$710,780
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,850
$710,780

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Third Coast Bank Ssb
Commercial
$441,000
No
First
Jul 7, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$417,454
$293,326
41%
59%
$2,645/mo

City: Tiki Island

1018 Tiki Drive | Property Details | No Agent List