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$326,000

NAL Estimated Property Value

124 E BAHAMA ST. 9, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths858 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$367.02 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size1,490 sqft

Building Information

Year Built2000
Stories1
Roof Type114

Land Information

APN67-6404-0020-0090-00
Lot Number25
SubdivisionSea Dancer Condominiums
Land UseResidential
Legal DescriptionUNT 9 BLD 2 SEA DANCER CONDOMINIUMS PLUS 7.94 % INT IN COM AREA (PBEACH SEC VI LOT 25 BLK 83, DEC 6168-252, 3/15/00)
Census Tract012305
Assessed Land Value$53,595
Assessed Improvement Value$230,791
Assessment Year2025

About this property

Picture yourself enjoying island life in a condo less than 300yds from the beach! Selling fully furnished, this condo is move-in ready. The kitchen has granite counter & backsplash, and stainless steel appliances. The open concept living/dining area is a great place to entertain family & friends. The elevated ceiling adds to the spacious feel, and features a lighted art niche. The deck provides a partial ocean view. Both bedrooms have ample closet space. Both baths have granite counters and a tiled tub/shower combo. There is a convenient in-unit new washer/dryer. Only 12 units share the courtyard pool. This one won't last long!

Investor Tools

Property Icon
$326,000
Estimated Property Value
$233,559Estimated Mortgage Balance
$92,441Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,956 /month
Positive
Cash Flow Estimate:
$652 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$539/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,836
$284,386
2025
$53,595
$230,791
$284,386
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,836
$284,386

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of South Texas
Purchase Money Mortgage
$252,000
No
First
May 11, 2022
May 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$233,559
$92,441
28%
72%
$1,511/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,300/mo
$1,511/mo
$-211/mo
4.8%

City: SOUTH PADRE ISLAND

124 E BAHAMA ST. 9 | Property Details | No Agent List