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$346,000

NAL Estimated Property Value

115 E Dolphin St, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths780 Sq Ft
price_per_sqft$416.67 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Washer, Electric Water Heater
FlooringCarpet

Exterior

Lot Size5,001 sqft

Building Information

Year Built1965
Stories1
Roof Type114
Garage Spaces2

Land Information

APN67-6400-0610-0090-00
Lot Number9
SubdivisionPadre Beach Subdivision
Land UseResidential
Legal DescriptionSO PADRE IS - PADRE BEACH SECTION V LOT 9 BLK 61
Census Tract012305
Assessed Land Value$180,000
Assessed Improvement Value$64,393
Assessment Year2025

About this property

A UNIQUE FIND ON South Padre Island! An Original Beach House built in 1965, two-story, 2 Bedroom/1 Bath with open Kitchen-Dining-Living Area on the 2nd-floor and a 2-car open Garage with two-single garage doors on the ground-floor. Redecorate/remodel to your liking. Large deck on back side (facing South) for relaxing. A large 50' X 100' Lot with big backyard and room to build a pool. Also has an outside elevator lift for reaching the 2nd-floor deck/house entrance. Repainted in 2024; roof replaced in 2018; water heater replace in 2014, front windows replaced 3/2024 with storm windows. An Ideal property for a single-family residence, second-home or Investor rental property. A short walk to the beach and the Blue Marlin Super Market. SOLD AS IS. Take a look-Won't last long!

Investor Tools

Property Icon
$346,000
Estimated Property Value
$479,380Estimated Mortgage Balance
$346,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,076 /month
Positive
Cash Flow Estimate:
$692 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$491/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,156
$244,393
2025
$180,000
$64,393
$244,393
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,156
$244,393

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Eustis Mortgage Corp
Conventional
$248,625
No
First
Apr 19, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$479,380
N/A
0%
139%
$2,982/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,300/mo
$2,982/mo
$-1,682/mo
4.5%

City: SOUTH PADRE ISLAND

115 E Dolphin St | Property Details | No Agent List