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$369,000

NAL Estimated Property Value

108 E Polaris Dr # 3, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,238 Sq Ft
price_per_sqft$177.71 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDryer, Washer, Electric Water Heater
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size2,008 sqft

Building Information

Year Built2006
Stories2
Roof Type114

Land Information

APN67-6449-0000-0030-00
SubdivisionLos Cabos Iv Condominiums
Land UseResidential
Legal DescriptionUNT 3 LOS CABOS IV CONDOMINIUMS (CONDO DEC VOL 13884 PG 15 FILED 5/30/07)
Census Tract012305
Assessed Land Value$72,225
Assessed Improvement Value$257,888
Assessment Year2025

About this property

Look no further for your perfect place in paradise! This 3 bdrm easily sleeps 8 w/desirable features of granite counters, roomy interiors, back patio, balcony off master, partial water view and gated entry into courtyard with sparkling pool & hot tub. Condo designed with ground floor entry & living, with bedrooms on second floor- no other unit above you! Excellent walk-in additional storage room under stairs - possibly 4th bdrm? Interiors are tastefully furnished and move-in ready. Bask in the tropical breezes just outside your door, or take a short walk (1/2 block) to the beach for sand between your toes! The ever-popular Wanna-Wanna beachfront grill is just at the end of the street. Location, features, price... THIS PLACE HAS IT ALL! POSS. OWNER FINANCING!

Investor Tools

Property Icon
$369,000
Estimated Property Value
$142,790Estimated Mortgage Balance
$226,210Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,214 /month
Positive
Cash Flow Estimate:
$738 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$622/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,614
$330,113
2025
$72,225
$257,888
$330,113
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,614
$330,113

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Synergy One Lending
Conventional
$159,750
No
First
Oct 20, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$142,790
$226,210
61%
39%
$958/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,680/mo
$958/mo
+$722/mo
5.5%

City: SOUTH PADRE ISLAND

108 E Polaris Dr # 3 | Property Details | No Agent List