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$251,000

NAL Estimated Property Value

1140 Marina Bay Drive 120b, Kemah, TX, 77565

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,177 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$191.08 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 3Bathrooms Full 3
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Electric Range, Electric Oven, Oven
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesBalcony, Boat Slip
Lot Size1,176 sqft

Building Information

Year Built1985
Stories1
Roof Type105

Land Information

APN5185-0002-0120-000
SubdivisionMoon Caye Condominiums (2001) Abst 18
Land UseResidential
Legal DescriptionMOON CAYE CONDOMINIUMS (2001) ABST 18 UNIT 120 BLDG B & 2.9124% INT IN COMMON ELEMENTS
Census Tract721503
Assessed Land Value$14,348
Assessed Improvement Value$205,625
Assessment Year2025

About this property

Awesome 2 Bedroom, 2.5 Bath Condo on Clear Lake includes a 30 ft BOAT SLIP! Spacious Condo has 1 Balcony with LAKE VIEWS & 2nd Balcony with views of the POOL & Landscape. Family Room features a Stunning Stacked Austin Stone Wall, Wood-Burning Fireplace & Patio Doors to the Balcony with Pool Views. The Spacious Dining Room has a Balcony with Views of the MARINA & LAKE. The Family Room & Dining Room have Easy-Care Luxury Vinyl Plank Flooring. The Kitchen has Beautiful Tile Flooring, Granite Counters, Reverse Osmosis Water System & Glass Subway Tile Back Splash. Both Bedrooms have private EnSuite Baths. New AC/Heat installed 2023. High Capacity Water Heater installed 2020. Moon Caye Condos have Unique Architecture & Windows and Grounds are Well-Maintained by the HOA. Included are 2 Covered Assigned Parking Spots & Private Storage Space. Great Location near all the KEMAH Activities. Favorite Restaurants & Coffee Shops within Walking Distance. Relaxing WATER FRONT LIVING awaits!

Investor Tools

Property Icon
$251,000
Estimated Property Value
$126,806Estimated Mortgage Balance
$124,194Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,506 /month
Positive
Cash Flow Estimate:
$502 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$167/month
$403/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$753
$201,124
2025
$14,348
$205,625
$219,973
No

Tax History

Year
Tax Paid
Assessed Value
2024
$753
$201,124

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$146,700
No
First
Jul 30, 2019
Aug 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$126,806
$124,194
49%
51%
$880/mo

City: Kemah

1140 Marina Bay Drive 120b | Property Details | No Agent List