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$608,000

NAL Estimated Property Value

1106 Papeete St, Tiki Island, TX, 77554

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,456 Sq Ft
price_per_sqft$312.43 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Electric Range, Dishwasher, Dryer, Refrigerator, Washer
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBoat Slip, Balcony
Lot Size5,968 sqft

Building Information

Year Built1977
Stories1
Roof Type105
Garage Spaces2

Land Information

APN7136-0000-0049-000
Lot Number49
SubdivisionTiki Island 2
Land UseResidential
Legal DescriptionABST 7 S C BUNDICK SUR LOT 49 TIKI ISLAND SEC 2
Census Tract723800
Assessed Land Value$328,240
Assessed Improvement Value$233,621
Assessment Year2025

About this property

MOTIVATED SELLER!!! THIS FULLY FURNISHED TIKI ISLAND GEM HAS BEEN BEAUTIFULLY UPDATED INSIDE AND OUT INCLUDING: EXTERIOR SIDING, FULL PAINT, GUTTERS, REPLACED DECKING-FRESHLY STAINED, HURRICANE RATED WINDOWS ALL THE WAY AROUND AND A BOAT LIFT INSTALLED IN 2018. INTERIOR UPDATES: FRESH DOORS INSIDE AND OUT, MOST CEILING FANS AND LIGHTS WERE UPGRADED, WI-FI ENABLED AC SYSTEM IN 2015 WITH WHOLE HOUSE DEHUMIDIFIER IN 2020. THE KITCHEN IS LOVELY W/ SOFT CLOSE DRAWERS & CABINETRY, UNDER CABINET LIGHTING, GRANITE COUNTERS & SUBWAY TILE BACKSPLASH, & PENDANT LIGHTING OVER BREAKFAST BAR. RECENT APPLIANCES INCLUDING WINE COOLER. UPSTAIRS BATHROOMS FEATURE NICE VANITIES, LIGHTING & UPGRADED SHOWERS. 3 BEDROOMS, 3 FULL BATHS LIVING ROOM AND INTERIOR SUN ROOM. FUN BONUS SPACE DOWNSTAIRS - GAME ROOM, CASUAL GUEST SPACE, DELUXE MAN CAVE, CLIMATE CONTROLLED STORAGE... THE POSSIBILITIES ARE ENDLESS. DOWNSTAIRS DOES HAVE HVAC, A FULL BATH, WET BAR & A MURPHY BED. BOAT IS ALSO FOR SALE SEPARATELY!

Investor Tools

Property Icon
$608,000
Estimated Property Value
$320,109Estimated Mortgage Balance
$287,891Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,648 /month
Positive
Cash Flow Estimate:
$1,216 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$844/month
$95/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,092
$561,861
2025
$328,240
$233,621
$561,861
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,092
$561,861

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Conventional
$356,000
No
First
Feb 4, 2021
Mar 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$320,109
$303,891
48%
53%
$2,135/mo

City: Tiki Island

1106 Papeete St | Property Details | No Agent List