Last 24 Hours
$120,000
518 N Racine Street, Rockport, TX, 78382
$156,000 ARV
Pending
3 Beds
1 Bath
1,056 Sq Ft
Single Family Residence
$113.64 / sqft
Built in 1950Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
Bedrooms 3
Bathrooms Full 1AppliancesWasher
FlooringVinyl
Exterior
Exterior FeaturesPatio
Lot Size13,103 sqft
Building Information
Year Built1950
Land Information
APN5550-122-009-000
Lot Number9-11
SubdivisionSmith And Wood
Land UseResidential
Legal DescriptionSMITH AND WOOD, BLOCK 122, LOT 9 THRU 11
Census Tract950301
Assessed Land Value$52,420
Assessed Improvement Value$43,450
Assessment Year2025
About this property
3-bedroom, 1-bathroom home currently tenant-occupied, situated on three combined lots in Rockport, TX. Property offers potential for renovation or future development (buyer to verify all possibilities with the city). Located in a coastal community with access to fishing, boating, and outdoor recreation. Suitable as a primary residence, investment property, or second home. Seller financing may be considered.
Investor Tools
$0Estimated Mortgage Balance
$119,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$156,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$720 /month
Positive
Cash Flow Estimate:
$240 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$178/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,536
$95,870
2025
$52,420
$43,450
$95,870
No
Tax History
Year
Tax Paid
Assessed Value
2025
$1,536
$95,870
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$119,000
100%
0%
$0/mo
12.4%