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$560,000

NAL Estimated Property Value

404 PADRE BLVD. 3005, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,235 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$161.86 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
FlooringCarpet, Tile

Exterior

Lot Size889 sqft

Building Information

Year Built1981
Stories1
Roof Type114

Land Information

APN67-7270-0120-1203-00
SubdivisionSaida Towers 3 Condominiums
Land UseResidential
Legal DescriptionSO PADRE IS - SAIDA TOWERS III UNIT 1203, 1.24% INT IN COM AREA
Census Tract012305
Assessed Land Value$32,065
Assessed Improvement Value$437,415
Assessment Year2025

About this property

PRICED TO SELL! Fabulous ground floor unit w/large kitchen & spacious enough for the whole family! Covered patio provides EZ access to pools, hot tubs, tennis and poolside grill. Don't forget the beachfront location and gated security! Sold furnished and move-in ready for great FUN-in-the-SUN for your family or CAPITALIZE on immediate XLNT RENTAL INCOME! Layout is technically 2 private bedrooms. However, additional large bonus area can be used for gaming/entertaining purposes and/or addtional sleeping. Owners have replaced carpet in fall of 2013. This is an incredible DEAL..well below market & assessed values!!! PLUS, Sellers will provide a $10,000 Buyer's credit for an accepted contract prior to December 1, 2014. DON'T BE CAUGHT SAYING, I COULDA, SHOULDA, WOULDA!!

Investor Tools

Property Icon
$560,000
Estimated Property Value
$214,089Estimated Mortgage Balance
$345,911Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,360 /month
Positive
Cash Flow Estimate:
$1,120 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$899/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,984
$469,480
2025
$32,065
$437,415
$469,480
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,984
$469,480

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$240,000
No
First
Sep 22, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$214,089
$345,911
61%
38%
$1,439/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,300/mo
$1,439/mo
$-139/mo
2.8%

City: SOUTH PADRE ISLAND