$432,000
NAL Estimated Property Value227 W MORNINGSIDE DR. 107, SOUTH PADRE ISLAND, TX, 78597
Off Market
Property Lead Type:
Off-Market ListHigh Equity
Highlights
Interior
AppliancesIce Maker, Electric Water Heater
FlooringCarpet, Tile
Exterior
Lot Size1,586 sqft
Building Information
Year Built1977
Stories1
Land Information
APN67-5700-0030-1090-00
SubdivisionLas Brisas Condominiums
Land UseResidential
Legal DescriptionSO PADRE IS- LAS BRISAS COND F ISLES L 8TO14 B 181&L1-2 B 182 UNIT C-109
Census Tract012305
Assessed Land Value$61,455
Assessed Improvement Value$179,285
Assessment Year2025
About this property
Nice poolside gound floor condo in a bayfront complex. Many amenities including large updated swimming pool, tennis court, 2 lighted fishing piers, boat docks and laundry room with new equipment. Onsite rental office and onsite manager. A fisherman's dream complex. The wind surfers love it here too, they can launch right off the docks. One designated covered parking space. Come take a look.
Investor Tools
$432,000
Estimated Property Value
$44,234Estimated Mortgage Balance
$387,766Estimated Equity
89% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,592 /month
Positive
Cash Flow Estimate:
$864 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$437/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,088
$181,561
2025
$61,455
$179,285
$240,740
No
Tax History
Year
Tax Paid
Assessed Value
2025
$3,088
$181,561
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Abn Amro Mortgage Group Inc
Fannie Mae/Freddie Mac (Phased Out Keying In 2008 Because Fannie Mae Does Not Originate Loans Directly To Borrowers Or Investors. Most "New Conventional" Loans Meet Their General Underwriting Guidelines.)
$100,000
No
First
Jul 20, 2005
Aug 2035
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$44,234
$387,766
89%
10%
$0/mo
