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$1,079,000

NAL Estimated Property Value

402 W Farley, Port Aransas, TX, 78373

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths1,882 Sq Ft
price_per_sqft$664.19 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
AppliancesDishwasher, Gas Oven, Gas Range, Refrigerator, Dryer, Washer
FlooringVinyl

Exterior

Lot Size5,097 sqft

Building Information

Year Built1984
Stories2
Roof Type105

Land Information

APN5488-0072-0260
Lot Number2F
SubdivisionMustang Island
Land UseResidential
Legal DescriptionMUSTANG ISLAND BLK 72 LOT 2F
Census Tract005104
Assessed Land Value$273,360
Assessed Improvement Value$115,673
Assessment Year2025

About this property

Welcome to Pelican House! A charming retreat in the heart of Port Aransas. This property is newly remodeled with modern interiors and stylish coastal decor. Second floor living boasts a brand-new kitchen with butcher block countertops, 2 living areas, 3 bedrooms, 2 spacious baths, and a napping nook for ample guest accommodations. Primary bedroom and bathroom located on the third floor. First floor is a private efficiency with separate entry, bathroom, and kitchenette with matching butcher block countertops and custom mint green appliances. All furnishings and appliances included. In ground pool currently in progress. Pelican House is a great investment for anyone wanting a beautiful island home with rental flexibility. Call your favorite agent today to schedule a viewing of this turnkey property.

Investor Tools

Property Icon
$1,079,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,079,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,500 /month
Positive
Cash Flow Estimate:
$2,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$990/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,486
$389,033
2025
$273,360
$115,673
$389,033
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,486
$389,033

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,079,000
100%
0%
$0/mo

City: Port Aransas

402 W Farley | Property Details | No Agent List