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$353,722

NAL Estimated Property Value

3960 Martin Luther King Jr Dr, Port Arthur, TX, 77640

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths1,338 Sq Ft
price_per_sqft$328.77 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesIce Maker, Double Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator
FlooringLaminate, Tile

Exterior

Exterior FeaturesBalcony, Boat Slip
Lot Size3.48 acres

Building Information

Year Built1998
Stories1
Garage Spaces1

Land Information

APN300123-000-118000-00000
Subdivision123 D. Gohagen
Land UseResidential
Legal DescriptionTR 102 REPLAT TR 4 123 D GAHAGEN 3.484 OUT OF 300123-113604-0
Census Tract011600
Assessed Land Value$122,729
Assessed Improvement Value$230,993
Assessment Year2025

About this property

If you like life on the water (esp salt water)....this one might just be for you. This pleasure island property is on a double lot totaling over 6+ acres with ~200' of frontage along Sabine Lake; property Includes private pier w/ electricity/lights and water on pier and boat slip...great for watching the sunrises, and of course the fantastic fishing Sabine lake offers; Main house has 2/2 up and 1/1 down with a working lift/elevator and a huge wooden deck w/ panoramic views of Sabine Lake; updated and well-maintained interior w/ tons of natural light and copious views of Sabine lake; ~1,500 sf bldg on slab w/ a portion of being built out to a 1/1 guest/MIL space and remainder is garage/parking/workshop space; additional ~460 sf storage bldg as well. Come enjoy the sounds of the sea gulls, wind and waves, smell the salt air and enjoy the typically red hot Pleasure Island fishing from your private fishing pier/boat slip at this Pleasure Island retreat. You won't be disappointed at all.

Investor Tools

Property Icon
$353,722
Estimated Property Value
$386,689Estimated Mortgage Balance
$353,722Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,639 /month
Positive
Cash Flow Estimate:
$880 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$745/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,174
$353,722
2025
$122,729
$230,993
$353,722
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,174
$353,722

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Republic State Mortgage Co
Conventional
$408,500
No
First
Jun 7, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$386,689
N/A
0%
109%
$2,450/mo

City: Port Arthur

3960 Martin Luther King Jr Dr | Property Details | No Agent List