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$497,000

2302 Highway 87, Gilchrist, TX, 77617

PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,248 Sq Ft
price_per_sqft$398.24 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDryer Included, Refrigerator Included, Electric Oven, Freestanding Oven, Microwave, Electric Cooktop, Dishwasher
FlooringVinyl Plank

Exterior

Lot Size5,624 sqft

Building Information

Year Built2022
Stories1
Roof Type105
Garage Spaces6

Land Information

APN2422-0001-0001-000
Lot Number1
SubdivisionCharlotte's Web Sub (2022) Abst 64
Land UseResidential
Legal DescriptionLOT 1 BLK 1 CHARLOTTE'S WEB SUB (2022) ABST 64
Census Tract723900
Assessed Land Value$66,080
Assessed Improvement Value$435,700
Assessment Year2025

About this property

Enjoy beachfront living with Gulf views from this spacious 3-bedroom Crystal Beach home. Designed for gathering, the open-concept living and kitchen area features vaulted ceilings, abundant natural light and multiple windows overlooking the water. The kitchen offers granite countertops, stainless appliances and a large island with plenty of seating and prep space. Step outside to expansive decking where you can relax, entertain and enjoy the Gulf breeze and views. The elevated construction also provides generous covered space underneath the home for parking and outdoor entertaining, while the beachfront location puts the sand and water right outside your door. With 3 bedrooms, an open layout & plenty of indoor and outdoor gathering space, this property offers flexibility as a personal beach retreat, vacation rental or combination of both.

Investor Tools

$374,719Estimated Mortgage Balance
$127,725Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,011 /month
Positive
Cash Flow Estimate:
$1,004 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$890/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,171
$501,780
2025
$66,080
$435,700
$501,780
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,171
$501,780

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Conventional
$400,700
No
First
Feb 3, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$374,719
$127,061
25%
75%
$2,403/mo

City: Gilchrist

2302 Highway 87 | Property Details | No Agent List