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$432,000

NAL Estimated Property Value

227 W MORNINGSIDE DR. 222, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,260 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$214.29 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 3Bathrooms 3
AppliancesDryer, Ice Maker, Washer
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
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

BAYFRONT CONDO FOR THE WATER ENTHUSIAST! THIS 2 BEDROOM, 2.5 BATH 2 STORY CONDO IS LOCATED AT ONE OF THE NICEST BAYFRONT CONDO COMPLEXES. WITH GREAT VIEWS OF THE LAGUNA MADRE BAY WHERE YOU CAN FISH, WINDSURF, KAYAK AND PRETTY MUCH ANYTHING YOU CAN THINK OF IN THE WATER. THERE ARE TWO LIGHTED FISHING PIERS WITH FISH CLEANING TABLES, BOAT DOCKS, TENNIS COURT, LARGE JUST REDONE SWIMMING POOL AND LAUNDRY. ONSITE MANAGEMENT AND ONSITE RENTALS. ONE ASSIGNED COVERED CARPORT.

Investor Tools

Property Icon
$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

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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

City: SOUTH PADRE ISLAND

227 W MORNINGSIDE DR. 222 | Property Details | No Agent List