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$399,000

245 Oleander Ave, Corpus Christi, TX, 78404

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,446 Sq Ft
price_per_sqft$89.74 / sqft
Year BuiltBuilt in 1946

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 4Bathrooms 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesElectric Oven, Electric Range, Gas Cooktop
FlooringHardwood, Laminate, Tile

Exterior

Exterior FeaturesStorage
Lot Size16,814 sqft

Building Information

Year Built1946
Roof Type105
Garage Spaces2

Land Information

APN0666-0006-0050
Lot Number5-6
SubdivisionBessar Park
Land UseResidential
Legal DescriptionBESSAR PARK W45' LT 5 & ALL LT 6 BLK 6
Census Tract001400
Assessed Land Value$92,400
Assessed Improvement Value$530,402
Assessment Year2025

About this property

Opportunity to renovate with equity, comps 750K on an established block. Price improved by $51,0000, put it towards your vision. Value-add, renovation, opportunity just 2 blocks from the bay in the established Bessar Park neighborhood. This 4,400+ sqft home sits on a 0.39-acre lot and features a unique courtyard-centered floorplan with multiple living areas, abundant natural light, and strong upside potential. Offering 4 bedrooms, 4 full bathrooms, a circular driveway, and wraparound garage, the size, layout, and location create an ideal foundation for a high-end transformation. HVAC system has been recently replaced. This property requires a renovation in many areas and is priced to reflect condition. Ideal for investors, flippers, or buyers looking to customize a large home in a prime coastal location. Sold as-is. Bring your vision—opportunities of this scale and proximity to the bay are rare at this price point.

Investor Tools

$307,810Estimated Mortgage Balance
$316,833Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,737 /month
Positive
Cash Flow Estimate:
$1,246 /month

Interested in this property?

Will Storbeck

Keller Williams Coastal Bend

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,237/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,730
$622,802
2025
$92,400
$530,402
$622,802
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2024
$11,730
$622,802

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$343,000
No
First
Dec 22, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$307,810
$392,190
56%
49%
$2,057/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Corpus Christi

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245 Oleander Ave | Property Details | No Agent List