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$622,000

NAL Estimated Property Value

1119 Papeete St, Tiki Island, TX, 77554

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,666 Sq Ft
price_per_sqft$373.65 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Ice Maker, Electric Oven, Microwave, Electric Cooktop, Dishwasher
FlooringStone, Wood

Exterior

Exterior FeaturesBoat Slip, Balcony
Lot Size5,009 sqft

Building Information

Year Built1994
Stories2
Roof Type105
Garage Spaces4

Land Information

APN7136-0000-0045-000
Lot Number45
SubdivisionTiki Island 2
Land UseResidential
Legal DescriptionABST 7 S C BUNDICK SUR LOT 45 TIKI ISLAND SEC 2
Census Tract723800
Assessed Land Value$275,500
Assessed Improvement Value$323,500
Assessment Year2025

About this property

Gorgeous updated 2 bedroom 2 1/2 baths w/study and downstairs flex room. Engineered wood flooring throughout living areas. Kitchen was remodeled approx. 3 years ago with new glass front cabinets, granite counters and stainless steel appliances. Large island with stunning "Esmeralda" granite and cooktop. Soaring ceilings and lots of windows all w/storm shutters. Propane fireplace in living room. Dining room off the kitchen with view of Jones Lake. French doors lead to expansive wrap around decking. Glass railings on the deck mean an unobstructed view all around. Large primary bedroom w/ walk-in closet. Primary bath was just remodeled with gorgeous walk-in shower and granite counters. Nice loft study upstairs along with remodeled 2nd bath and bedroom. Side yard big enough for a pool. This home has a boat slip and lift, very large garage area with oversized door for parking an RV or boat (if allowed) and approx. 96 ft. of water frontage. Fantastic Views!

Investor Tools

Property Icon
$622,000
Estimated Property Value
$0Estimated Mortgage Balance
$622,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,735 /month
Positive
Cash Flow Estimate:
$1,245 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$869/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,315
$599,000
2025
$275,500
$323,500
$599,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,315
$599,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$637,000
100%
0%
$0/mo

City: Tiki Island

1119 Papeete St | Property Details | No Agent List