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$1,507,495Estimated home value

Beds
4
Baths
3.5
sq ft
2,874

134 Mustang Island Estates Dr, Port Aransas, TX 78373

134 Mustang Island Estates Dr

Port Aransas, TX 78373

  • Off market
    • Price drop $50,000↓
Tired of overcrowded neighborhoods with cookie-cutter homes? This gorgeous custom-built home with panoramic views of the beach and bay is on a large 0.57-acre lot. The first floor Bunk House Suite w/private bath and kitchenette has secondary entrance for use as a guest suite. Beautiful primary suite has private balcony, large walk-in shower, two vanities, and sweeping views. The 3rd level features the main living space with pine walls and views all around. Enjoy cooking in the kitchen with island, custom cabinets and open shelving. 4th level observation deck is a perfect place to enjoy watching sunrises, birds coming in/out of the ponds, and nighttime stargazing. There is a view from every room and lots of decks around the house. Pre-wired for interior elevator with minor modifications. Fenced yard with plenty of room to create a dream oasis. There is a private beach walkway and boardwalk for the subdivision. For short-term rental investors, please see supplement from Silver Sands showing projected annual income of $100,000 - $110,000 (~7% cap rate). Sellers will consider owner finance: 30% down, 10% interest, 5-year balloon on a 30-year amortization.

Details

Property type

Single Family Residence

Est. home value

$1,507,495

Lot size

0.57 acres

Price per sq ft

$505

Year built

2016

Annual property taxes

$24,653

Monthly HOA fee

$66.67

Price History

09/08/2024
CentralTexas

CentralTexas #485186

Removed
08/14/2024
CentralTexas

CentralTexas #485186

Price change
$1,450,000
-3.33%
09/07/2022
CentralTexas

CentralTexas #485186

Listed
$1,500,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Port Aransas ISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$528,940
Asking price
$1,450,000
Closing costs (~8% of asking)
-$116,000
Est. remaining loan balance
-$805,060
Cash to seller
$528,940

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Griffin Funding Inc

Loan start date

June 2022

Original loan amount

$834,783

Est. remaining balance

$805,060

Interest rate

5%

Loan type

New Conventional, 30 year

Seller

Lisa Thomson and Brian Thomson

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Off Market

Tomo last checked: 10/04/2024 at 8:20 PM

Listing updated: 08/14/2024 at 6:53 PM

Listed by: Lisa Thomson, Lisa Thomson, Broker Phone #: (210) 862-5472

MLS: CentralTexas #485186

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