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$288,000

NAL Estimated Property Value

5973 State Highway 361 Apt 125, Port Aransas, TX, 78373

$330,240 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,250 Sq Ft
price_per_sqft$254.4 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

ARV FlipAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Refrigerator, Microwave, Range
FlooringLaminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size5,401 sqft

Building Information

Year Built1984
Roof Type172

Land Information

APN4060-0000-0125
SubdivisionLa Mirage Condo
Land UseResidential
Legal DescriptionLA MIRAGE CONDO, UNIT 125, 0.95% COMMON AREA INTEREST
Census Tract006205
Assessed Land Value$97,200
Assessed Improvement Value$80,800
Assessment Year2025

About this property

Huge Reduction! Seller is highly motivated. Stunning Gulf View, Recent Full Remodel! Fully Furnished. Experience coastal living at its finest with this beautifully remodeled 1,250 sq ft condo, breathtaking views of the Gulf. Designed for comfort and style, this 3-bedroom, 2-bath gem is move-in ready & ideal for short-term rentals! Key Features - New Flooring: Installed July '24, featuring elegant matching LVP throughout. Gourmet Kitchen: Enjoy granite countertops, freshly painted cabinets, recessed lighting, under-cabinet lights, an under-counter sink, & new stainless-steel appliances including a fridge, dishwasher, stove, and microwave. Luxurious Bathrooms: Upgraded tiled walk-in showers, sliding glass doors, granite vanities, & modern faucets. New Furnishings: Tastefully selected furniture for the living & dining areas, all bedrooms, creating a cohesive & inviting space. Perfect for families or groups, ready to accommodate your guests with ease. Complex has 2 pools (1 heated), 2 hot tubs, & a private boardwalk to the beach.

Investor Tools

Property Icon
$288,000
Estimated Property Value
$0Estimated Mortgage Balance
$288,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$330,239
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,908 /month
Positive
Cash Flow Estimate:
$636 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$380/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,124
$178,000
2025
$97,200
$80,800
$178,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,124
$178,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$288,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,950/mo
N/A
+$1,950/mo
8.1%

City: Port Aransas

5973 State Highway 361 Apt 125 | Property Details | No Agent List