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$249,900

196 E Lake View Trl, Sandia, TX, 78383

$324,870 ARVInfo
On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,412 Sq Ft
price_per_sqft$176.98 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Must-SellAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesElectric Oven, Electric Range, Refrigerator
FlooringOther, Vinyl

Exterior

Exterior FeaturesDeck
Lot Size1.25 acres

Building Information

Garage Spaces1

Land Information

APN3050-2008-0009-00
Lot Number8,9
Land UseResidential
Legal DescriptionPERNITAS POINT II BLOCK H LOTS 9 & 1/4 OF LOT 8
Census Tract950400
Assessed Land Value$36,000
Assessed Improvement Value$165,590
Assessment Year2025

About this property

Waterfront opportunity on beautiful **Lake Corpus Christi!** This two-story home offers endless potential for buyers looking to create their own lakefront retreat. Situated on an elevated lot, the property features multiple outdoor living spaces including covered and open patios, expansive decking, an observation deck, and a walkway leading to the fishing pier, allowing you to fully enjoy the lake once water levels rise. Inside, you'll find a **cute, functional kitchen** featuring granite countertops, a center island, stainless steel appliances, and ample workspace for everyday living. The home offers **two separate living areas**, **one bedroom downstairs**, **one bedroom upstairs**, an **upstairs loft/flex space**, **a full bathroom on each level**, and a layout that provides flexibility for full-time living or weekend lake getaways. Additional features include an oversized one-car garage, a long driveway with room for boat parking, mature trees, and the relaxed waterfront lifestyle that makes Lake Corpus Christi such a desirable destination. The property is being sold **As-Is, Where-Is** and presents an excellent opportunity for investors, second-home buyers, or anyone looking to renovate and personalize a waterfront property. With vision and updates, this home has the potential to become a fantastic lakefront getaway or full-time residence. Don't miss this opportunity to own waterfront property with outstanding outdoor amenities, a fishing pier ready to enjoy as lake levels return, and tremendous upside potential.

Investor Tools

$279,052Estimated Mortgage Balance
$201,590Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$324,870
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,499 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$265/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,171
$201,590
2025
$36,000
$165,590
$201,590
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$2,171
$201,590

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rally Cu
Purchase Money Mortgage
$300,000
No
First
Jul 20, 2022
Jul 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$279,052
$27,948
9%
138%
$1,799/mo

City: Sandia

196 E Lake View Trl | Property Details | No Agent List