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$1,109,540

NAL Estimated Property Value

1402 Bay Pointe Drive, Galveston, TX, 77554

Off MarketInfo
Beds Beds
Baths Bath
Baths2,598 Sq Ft

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size11,439 sqft

Building Information

Year Built2022
Stories2
Roof Type112
Garage Spaces7

Land Information

APN6912-0010-0005-000
Lot Number5
SubdivisionSweetwater Cove Sec 1 (2007) Abst 121
Land UseResidential
Legal DescriptionSWEETWATER COVE SEC 1 (2007) ABST 121, BLOCK 10, LOT 5, ACRES 0.263
Census Tract726000
Assessed Land Value$366,500
Assessed Improvement Value$743,040
Assessment Year2025

About this property

Driving up to the exclusive subdivision of Sweetwater Cove you can feel the serenity overcome you by the open spaces offering views of wildlife, water & native vegetation. Pulling into this gated subdivision you find a pristine environment with buried electrical lines & concrete streets lined with palm trees & indigenous grasses. You quickly discover the homesites in this low density subdivision offer water views to the North, West & East (Galveston Bay) or to the South (Sweetwater Lake). This particular lot sits directly on the Bay Front in the cul-de-sac that backs up to the wetlands. Just sitting on the composite cap you can feel yourself relax while watching the water lap against the new vinyl bulkhead. Looking out to the open water you can see the causeway in the distance. Famous Galveston Sunsets are offered here and at night you will enjoy the twinkling lights from Tiki Island and Texas City.

Investor Tools

Property Icon
$1,109,540
Estimated Property Value
$256,454Estimated Mortgage Balance
$853,086Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,657 /month
Positive
Cash Flow Estimate:
$2,219 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,272/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$21,715
$1,109,540
2025
$366,500
$743,040
$1,109,540
No

Tax History

Year
Tax Paid
Assessed Value
2024
$21,715
$1,109,540

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Austin Bank
Open End Mortgage / Open End With Future Advance Clause
$289,250
No
First
Jul 20, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$256,454
$853,086
76%
23%
$1,735/mo

City: Galveston

1402 Bay Pointe Drive | Property Details | No Agent List