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$648,450

NAL Estimated Property Value

4031 Obra Dr, Galveston, TX, 77554

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths1,860 Sq Ft
price_per_sqft$352.15 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Free-Standing Range, Dishwasher, Oven
FlooringTile, Vinyl

Exterior

Exterior FeaturesBalcony
Lot Size5,998 sqft

Building Information

Year Built2022
Stories2
Roof Type105
Garage Spaces7

Land Information

APN5588-0000-0005-000
Lot Number5
SubdivisionThe Park At Terramar (2008) Abst 121
Land UseResidential
Legal DescriptionTHE PARK AT TERRAMAR (2008) ABST 121, LOT 5, ACRES 0.138
Census Tract726102
Assessed Land Value$81,000
Assessed Improvement Value$567,450
Assessment Year2025

About this property

It is time to start living the Island Life. Enjoy the coastal breeze while taking in the views of Galveston Bay. This absolutely beautiful custom home features open concept living with 10 foot ceilings. There are 3 large bedrooms each with their very own en suite. The designer touches will be seen throughout the home. There are two large covered decks perfect for watching the sunrise in the morning, then winding down with your favorite beverage while taking in Galveston's famous sunsets. The well thought out floor plan is perfect for full time living, your weekend getaway, or an investment property. There are multiple entertainment areas perfect for outdoor fun! The beach is just a short golf cart ride away, or drop your pole in the lake behind your home. There is still time to choose some of your finishes. Are you ready to find your little slice of heaven? Call today for additional information, and your private tour.

Investor Tools

Property Icon
$648,450
Estimated Property Value
$487,411Estimated Mortgage Balance
$161,039Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,930 /month
Positive
Cash Flow Estimate:
$1,310 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,007/month
$450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,841
$648,450
2025
$81,000
$567,450
$648,450
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,841
$648,450

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$524,000
No
First
Aug 12, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$487,411
$161,039
24%
75%
$3,142/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: Galveston

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4031 Obra Dr | Property Details | No Agent List