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$251,000

NAL Estimated Property Value

1500 Sandy Beach Rd, Pelican Bay, TX, 76020

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,108 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$225.63 / sqft
Year BuiltBuilt in 2010

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Lot Size17,289 sqft

Building Information

Year Built2010
Stories1
Garage Spaces1

Land Information

APN32080--1
Lot Number1
SubdivisionPelican Bay Tenth Filing
Land UseResidential
Legal DescriptionPELICAN BAY TENTH FILING LOT 1
Census Tract114203
Assessed Land Value$59,535
Assessed Improvement Value$173,885
Assessment Year2025

About this property

This darling home has been well maintained, when you walk into the house the 1st thing you'll see is the beautiful fireplace, perfect for those cold nights snuggled up on the couch. Location is everything, this home is close to Eagle Mountain Lake & public boat ramp, shopping, dining and a few minutes from freeways! The yard is oversized and would be easy to store your boat since the lake is so close, with plenty of room left over to entertain friends or family. All of the rooms are large and gives lots of space to spread out. The eat in kitchen is perfect for gatherings. Garage has been converted, however sellers made did it in such a way that it can easily be put back to it's original state. Roof will be replaced prior to closing through seller's insurance and buyer can pick their shingle color. 2021 new hot water heater, AC last serviced 2021.

Investor Tools

Property Icon
$251,000
Estimated Property Value
$237,430Estimated Mortgage Balance
$13,570Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,506 /month
Positive
Cash Flow Estimate:
$502 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$431/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,912
$233,420
2025
$59,535
$173,885
$233,420
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,912
$233,420

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$253,000
No
First
Jan 6, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$237,430
$13,570
5%
95%
$1,517/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,590/mo
$1,517/mo
+$73/mo
7.6%

City: Pelican Bay

1500 Sandy Beach Rd | Property Details | No Agent List