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$719,000

6877 State Highway 361 45, Port Aransas, TX, 78373

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,778 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$404.39 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size5,489 sqft

Building Information

Year Built1983
Roof Type105
Garage Spaces862

Land Information

APN4589-0000-0300
SubdivisionLost Colony Villas
Land UseResidential
Legal DescriptionLOST COLONY VILLAS, UNIT 30-J, PLUS 3.85% INT
Census Tract006205
Assessed Land Value$109,370
Assessed Improvement Value$282,575
Assessment Year2025

About this property

Welcome to "Sea Horse Villa" located in the quiet community of Lost Colony. Perfect for multiple-family enjoyment, this 3-bedroom, 3-bath retreat boasts a versatile layout. Downstairs offers a separate living area, kitchenette, bedroom, and bathroom, offering privacy and convenience. Upstairs, the main entertaining space features an open-concept living area and kitchen, along with two bedrooms and two baths. Enjoy breathtaking BEACH VIEWS from the expansive deck or the panoramic three-story walk-up. With garage space and ample storage for beach toys and a golf cart, convenience is key. This beautiful home comes fully furnished and short-term rentals are allowed. There is access to the beach by a boardwalk and an HOA pool for you and your guests to enjoy. The HOA maintains the landscape and water for sprinklers. The "Sea Horse Villa" received minimal damage and no flooding with Hurricane Harvey.

Investor Tools

$221,547Estimated Mortgage Balance
$175,453Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,314 /month
Positive
Cash Flow Estimate:
$1,438 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$926/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,130
$391,945
2025
$109,370
$282,575
$391,945
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,130
$391,945

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Commercial Bank
Unknown
$244,000
No
First
Jun 18, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$221,547
$175,453
44%
56%
$1,463/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,490/mo
$1,463/mo
+$27/mo
4.5%

City: Port Aransas

6877 State Highway 361 45 | Property Details | No Agent List