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$468,000

NAL Estimated Property Value

342 China Clipper Drive, Freeport, TX, 77541

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,548 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$187.98 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 5Bathrooms Full 5
Indoor FireplaceIndoor Fireplace
Heating ElectricHeating Electric
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Electric Range, Electric Oven

Exterior

Exterior FeaturesBoat Slip
Lot Size4,887 sqft

Building Information

Year Built1974
Stories1
Roof Type105

Land Information

APN8046-0254-000
Lot Number24
SubdivisionTreasure Island No 2
Land UseResidential
Legal DescriptionTREASURE ISLAND NO 2 (A0029 S F AUSTIN) BLK 4 LOT 24
Census Tract664200
Assessed Land Value$168,640
Assessed Improvement Value$292,210
Assessment Year2025

About this property

One of the oldest canal homes in this neighborhood has withstood every hurricane that’s come its way with grandfathered ground floor brick construction. House is the 2nd lot from the bay and has no homes across the street; enjoy beach and bay views and access to year round fishing. Lot is fully fenced for privacy and peace of mind when away from home. Recently installed boat lift with cleaning table and sink for easy clean up after a long day of fishing. Fully enclosed downstairs area includes one bedroom, full bath, ready to furnish kitchenette area, and ample space for protected storage of all your fishing equipment. Upstairs offers large open-concept kitchen, dining and living quarters as well as an additional two bedrooms and two full baths. All windows have built in storm shutters. Large deck over boat slip affords beautiful views of the beach and bay. New roof and deck railings installed in 2019. Fully furnished and ready to move in.

Investor Tools

Property Icon
$468,000
Estimated Property Value
$0Estimated Mortgage Balance
$468,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,808 /month
Positive
Cash Flow Estimate:
$936 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$974/month
$75/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,354
$460,850
2025
$168,640
$292,210
$460,850
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,354
$460,850

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$468,000
100%
0%
$0/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.

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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: Freeport

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342 China Clipper Drive | Property Details | No Agent List