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$266,000

NAL Estimated Property Value

102 E VERNA JEAN DR., SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths640 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$124.84 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1

Exterior

Lot Size1,041 sqft

Building Information

Year Built1983
Stories1

Land Information

APN67-8270-0301-0010-00
Lot Number34
SubdivisionTrinity House 1 Condominiums
Land UseResidential
Legal DescriptionSO PADRE IS- TRINITY HOUSE I LOT 34 BLK 164 PADRE BEACH APT 301 UNIT 3-A
Census Tract012305
Assessed Land Value$37,500
Assessed Improvement Value$156,736
Assessment Year2025

About this property

EXCELLENT OPPORTUNITY to own a piece of paradise~ 1 bedroom, currently leased for investment purposes. Tenants would like to stay, meaning instant income for Buyer! 1 bedroom design flows easily with open kitchen/dining/living room concept. Multiple kitchen cabinets for convenience, with large breakfast bar for plentiful counter space. Hall bunk beds provide additional sleeping, if needed. HOA replacing windows October 2016. Be less than 1 block to enjoying the surf, with great shopping and restaurants also in walking distance! At this price, SELLERS ARE MOTIVATED!

Investor Tools

Property Icon
$266,000
Estimated Property Value
$131,738Estimated Mortgage Balance
$134,262Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,596 /month
Positive
Cash Flow Estimate:
$532 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$386/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,303
$194,236
2025
$37,500
$156,736
$194,236
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,303
$194,236

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Academy Mortgage Corp
Conventional
$138,000
No
First
Oct 11, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$131,738
$134,262
50%
50%
$828/mo

City: SOUTH PADRE ISLAND

102 E VERNA JEAN DR. | Property Details | No Agent List