tomo logo

$250,000

Beds
1
Baths
1.0
sq ft
720

15209 S Padre Island Dr Unit 702, Corpus Christi, TX 78418

15209 S Padre Island Dr Unit 702

Corpus Christi, TX 78418

  • 390 days on market
Charming 1 bedroom, 1 bathroom located in the coveted Palm Bay Village Complex. This fully furnished unit offers a remarkable opportunity for both comfortable living and a lucrative investment. Nestled within a tranquil complex, residents have access to a refreshing pool, perfect for taking a dip and soaking up the warm Texan sun. With its prime location, this unit presents an attractive option for those seeking a relaxing vacation spot, as it allows for short-term rentals, making it an ideal investment opportunity. The hassle-free rental pool arrangement ensures a smooth transition for those interested in generating income through vacation rentals. Take advantage of the high demand for short-term rentals in this sought-after location and experience the benefits of a valuable investment. Seller offering 3% concessions with strong offer.

Details

Property type

Townhouse

Est. home value

$252,906

Lot size

2,535 sq ft

Price per sq ft

$348

Year built

2008

Monthly HOA fee

$491

Price History

04/19/2024
SouthTexasMLS

SouthTexasMLS #420417

Price change
$250,000
+0.04%
02/08/2024
SouthTexasMLS

SouthTexasMLS #420417

Price change
$249,900
-2%
12/30/2023
SouthTexasMLS

SouthTexasMLS #420417

Listed
$255,000

Schools & Community

Neighborhood: 

Mustang-Padre Island

Elementary school: 

Flour Bluff

Middle school: 

Flour Bluff

High school: 

Flour Bluff

School district: 

Flour Bluff 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

$129,453
Asking price
$250,000
Closing costs (~8% of asking)
-$20,000
Est. remaining loan balance
-$100,547
Cash to seller
$129,453

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

Seller’s Loan History

Lender

Np Inc

Loan start date

July 2018

Original loan amount

$112,500

Est. remaining balance

$100,547

Interest rate

4.54%

Loan type

New Conventional, 30 year

Seller

Daniel J Palmer and America I Palmer

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?

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Status: Active

Tomo last checked: 07/06/2024 at 12:10 AM

Listing updated: 06/21/2024 at 11:03 AM

Listed by: Kristen Wise Henning, Keller Williams Coastal Bend Phone #: (361) 225-7900

MLS: SouthTexasMLS #420417

SouthTexasMLS logo

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