Last 24 Hours
$497,000
NAL Estimated Property Value3900 Gulf Blvd Unit 405, SOUTH PADRE ISLAND, TX, 78597
Off Market
2 Beds
2 Bath
1,167 Sq Ft
$419.88 / sqft
Built in 1981Property Lead Type:
Off-Market ListAbsentee OwnerHigh EquityMove-In Ready
Highlights
Interior
Bedrooms 2
Bathrooms Full 2
Heating Central
CoolingAppliancesDryer, Washer, Electric Water Heater
FlooringLaminate, Tile
Exterior
Private PoolExterior FeaturesBalcony
Lot Size1,059 sqft
Building Information
Year Built1981
Stories1
Roof Type114
Land Information
APN67-7685-0040-4050-00
Lot Number1,5,S
SubdivisionSeville Condominiums
Land UseResidential
Legal DescriptionUNT 405 BLD 1 SEVILLE CONDOMINIUMS PLUS 2.408 % INT IN COM AREA (PBEACH VII LOTS 1-5 BLK 105, DEC 13-713, 9/30/2004 )
Census Tract012305
Assessed Land Value$70,458
Assessed Improvement Value$397,542
Assessment Year2025
About this property
JUST IN TIME FOR XMAS-BEACH FRONT CONDOMINIUM AT IT'S BEST!! This outstanding beachfront Condo is a Great investment opportunity. Condo is a 4th-floor, 2 Bedroom/2 Bath that has been remodeled and is sold completely furnished and move-in ready. Kitchen has stainless aplliances, custom cabinets and marble counter-tops; Open Kitchen-Dining-Living Room with built-in Bar.Wood laminate flooring throughout. Baths both have walk-in showers, tile flooring and corian counter-tops and Laundry Room with full size Washer/Dryer. Large Balcony with Awesome view of the beach and Gulf of Mexico. Seville Complex is a small (36 Units) well maintained gated property with full-time maintenance personnel; tow pools (one heated); hot tub.
Investor Tools
$497,000
Estimated Property Value
$140,882Estimated Mortgage Balance
$356,118Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,982 /month
Positive
Cash Flow Estimate:
$994 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$870/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,959
$468,000
2025
$70,458
$397,542
$468,000
No
Tax History
Year
Tax Paid
Assessed Value
2025
$7,959
$468,000
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Island Mortgage
Purchase Money Mortgage
$287,200
No
First
Oct 27, 2006
Nov 2021
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$140,882
$356,118
71%
28%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,300/mo
N/A
+$1,300/mo
3.1%
12.4%