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$252,000

NAL Estimated Property Value

1140 Marina Bay 207A, Kemah, TX, 77565

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,204 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$128.65 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 2Bathrooms Half 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Ice Maker, Electric Oven, Oven, Microwave, Electric Range, Free-Standing Range, Refrigerator, Washer/Dryer Stacked, Dishwasher, Washer/Dryer
FlooringLaminate, Tile

Exterior

Exterior FeaturesBalcony, Storage, Courtyard, Boat Slip
Lot Size1,202 sqft

Building Information

Year Built1985
Stories1
Roof Type105

Land Information

APN5185-0001-0207-000
SubdivisionMoon Caye Condominiums (2001) Abst 18
Land UseResidential
Legal DescriptionMOON CAYE CONDOMINIUMS (2001) ABST 18 UNIT 207 BLDG A & 2.9795% INT IN COMMON ELEMENTS
Census Tract721503
Assessed Land Value$16,810
Assessed Improvement Value$207,280
Assessment Year2025

About this property

FINALLY, YOUR AFFORDABLE PIECE OF PARADISE IS HERE! THIS IS A RARE OPPORTUNITY IN THIS POPULAR WATERFRONT COMPEX. CUTE 2/2 MULTI LEVEL FLOOR PLAN*FEATURES INCLUDE OPEN CONCEPT*SPACIOUS BEDROOMS (ONE UP/ONE DOWN)*FLEX ROOM/STUDY W/ WBFP*LARGE LOFT/LIVING UP*NEW HVAC 07/21*LIGHT & BRIGHT ISLAND KITCHEN W/ AMPLE COUNTER/CABINET SPACE*TALAVERA TILE COUNTERS/BACKSPLASH*WITHIN SHORT WALKING DISTANCE TO YOUR 30' BOAT SLIP (#11) @ MARINA *RELAXING POOL W/ ACCESS TO COMMON AREA CHANGING ROOM/SHOWER*COVERED PARKING*ADDITIONAL STORAGE ON GROUND LEVEL*LOW TAXES*ZONED TO AWARD WINNING CCISD SCHOOLS*A QUICK WALK OR GOLF CART RIDE TO VERY POPULAR EATERIES!*THIS ONE WILL NOT LAST!

Investor Tools

Property Icon
$252,000
Estimated Property Value
$226,288Estimated Mortgage Balance
$25,712Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,512 /month
Positive
Cash Flow Estimate:
$504 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$180/month
$379/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$901
$210,144
2025
$16,810
$207,280
$224,090
No

Tax History

Year
Tax Paid
Assessed Value
2024
$901
$210,144

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amres Corporation
Commercial
$123,900
No
First
Oct 20, 2021
Nov 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$226,288
$25,712
10%
90%
$1,486/mo

City: Kemah

1140 Marina Bay 207A | Property Details | No Agent List