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$261,685

NAL Estimated Property Value

120 PADRE BLVD. 403, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths891 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$125.7 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size788 sqft

Building Information

Year Built1984
Stories1
Roof Type114

Land Information

APN67-3100-0403-0000-00
SubdivisionGulfview I Condominiums
Land UseResidential
Legal DescriptionGULFVIEW I CONDOMINIUMS UNIT 403 BLDG A
Census Tract012305
Assessed Land Value$28,321
Assessed Improvement Value$233,364
Assessment Year2025

About this property

PRICE REDUCED AGAIN TO SELL!! Beautiful 4th floor, 1 Bedroom/1 Bath, fully furnished, Condo with South facing Balcony overlooking the Schillterbahn Beach Water Park and for watching those future Space X rocket launches. Walk to the Schlitterbahn Indoor Water, restaurant and the Gulf beach. Gulfview I Condominiums amenities include: BBQ area; large pool & hot tub; Club House; HOA office and front desk. Excellent Condo location for short and long term rentals. HOA Fee includes: common area maintenance of grounds, parking, pool; basic cable TV; internet; water/sewer; pest; trash.

Investor Tools

Property Icon
$261,685
Estimated Property Value
$115,062Estimated Mortgage Balance
$146,623Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,570 /month
Positive
Cash Flow Estimate:
$523 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$480/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,450
$261,685
2025
$28,321
$233,364
$261,685
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,450
$261,685

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank Of S Padre Island
Purchase Money Mortgage
$126,000
No
First
Sep 8, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$115,062
$146,623
56%
44%
$756/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,020/mo
$756/mo
+$264/mo
4.7%

City: SOUTH PADRE ISLAND

120 PADRE BLVD. 403 | Property Details | No Agent List