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$522,000

NAL Estimated Property Value

206 W RED SNAPPER ST., SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,442 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$242.02 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2

Exterior

Lot Size5,001 sqft

Land Information

APN67-6400-0580-0030-00
Lot Number3
SubdivisionPadre Beach Subdivision
Land UseVacant Land
Legal DescriptionSO PADRE IS - PADRE BEACH SECTION V LOT 3 BLK 58
Census Tract012305
Assessed Land Value$158,000
Assessed Improvement Value$2,009
Assessment Year2025

About this property

Tastefully remodeled and updated second floor condo with bird's eye views of the bay. With easy access to the pool, to the assigned parking, to restaurants, the grocery store, shopping, to phenomenal bird watching and water sports for water enthusiasts, this unit will make the perfect beach retreat. Just a short walk to the beach or launch your boat/SUP board or kayak right in front of your complex and enjoy the great night fishing from the gated fishing dock. Whether looking for that weekend getaway or an investment property, this property checks off all the boxes. Don't let this opportunity slip away!

Investor Tools

Property Icon
$522,000
Estimated Property Value
$194,541Estimated Mortgage Balance
$327,459Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,132 /month
Positive
Cash Flow Estimate:
$1,044 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$444/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,721
$160,009
2025
$158,000
$2,009
$160,009
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,721
$160,009

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Inwood National Bank
Purchase Money Mortgage
$243,000
No
First
Oct 3, 2016
Nov 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$194,541
$327,459
62%
37%
$1,457/mo

City: SOUTH PADRE ISLAND

206 W RED SNAPPER ST. | Property Details | No Agent List