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$628,000

NAL Estimated Property Value

126 E Mars Ln # A, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,597 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$347.53 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Private PoolPrivate Pool
Lot Size3,123 sqft

Building Information

Year Built1994
Stories2
Roof Type105
Garage Spaces1

Land Information

APN67-6400-1400-0150-01
Lot Number15A
SubdivisionPadre Beach Subdivision
Land UseResidential
Legal DescriptionS PADRE- PADRE BEACH SECTION IX REPLAT OF LT 15 BLK 140 LOT 15A BLOCK 140
Census Tract012305
Assessed Land Value$112,500
Assessed Improvement Value$308,473
Assessment Year2025

About this property

Picture yourself living the island life, approx 180yds from the beach! Nearly everything in this townhome has been recently updated - roof, AC, flooring, kitchen, all baths, lighting, appliances, & a new heated pool! The upstairs open concept great room is perfect for entertaining family & friends. Downstairs has a huge bedroom with its own kitchenette, living area, & attached bath. Live the indoor/outdoor life and enjoy the private heated pool & covered patio. Or sit on the 2nd floor front or back deck and listen to the ocean! Selling fully furnished, ready for you to move right in and start enjoying the beach life. Make it yours today! Complete list of updated items available at https://tinyurl.com/126a-e-mars.

Investor Tools

Property Icon
$628,000
Estimated Property Value
$392,772Estimated Mortgage Balance
$235,228Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,768 /month
Positive
Cash Flow Estimate:
$1,256 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$858/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,159
$420,973
2025
$112,500
$308,473
$420,973
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,159
$420,973

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Willow Bend Mortgage Co
Conventional
$421,500
No
First
Aug 2, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$392,772
$235,228
37%
63%
$2,528/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,300/mo
$2,528/mo
$-1,228/mo
2.5%

City: SOUTH PADRE ISLAND

126 E Mars Ln # A | Property Details | No Agent List