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$1,560,000

Beds
5
Baths
5.5
sq ft
2,616

162 La Concha Blvd Unit #7, Port Aransas, TX 78373

162 La Concha Blvd Unit #7

Port Aransas, TX 78373

  • 114 days on market
    • Price drop $169,000↓
INCOME-PRODUCING INVESTMENT PROPERTY with Wow Gulf Views! Step inside this beautiful home with 5 bedrooms & 5.5 baths. 1st floor has guest suite with living/sleeping area and bath. Enjoy your own patio with hot tub and access to the oversized 2 car garage. Quick elevator ride to 2nd floor with 3 more bedrooms & baths, 1 has ADA access. 3 large balconies right off the bedrooms for evenings of star gazing. 3rd floor is a showstopper with open chefs’ kitchen that highlights a huge island with industrial lighting and incredible views of the Gulf. Large open living room with plenty of seating for everyone. Off the kitchen is the 2nd master bed that boasts 2 sinks, a tile shower and bathtub. Dine on the large balcony with view of the ocean. Property is currently operated as a STR on VRBO & Airbnb, with dates booked through August. STR operational details are available upon request. SOLD AS IS all items onsite convey! Sellers also own lot next door Unit #8 and would be willing to sell.

Details

Property type

Single Family Residence

Est. home value

$1,007,640

Lot size

6,517 sq ft

Price per sq ft

$597

Year built

2015

Monthly HOA fee

$152.92

Price History

08/23/2024
SouthTexasMLS

SouthTexasMLS #443007

Price change
$1,560,000
-9.77%
08/02/2024
SouthTexasMLS

SouthTexasMLS #443007

Price change
$1,729,000
-2.81%
06/12/2024
SouthTexasMLS

SouthTexasMLS #443007

Listed
$1,779,000

Schools & Community

Elementary school: 

Olsen

Middle school: 

Brundrett

High school: 

Port Aransas

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

$969,723
Asking price
$1,560,000
Closing costs (~8% of asking)
-$124,800
Est. remaining loan balance
-$465,477
Cash to seller
$969,723

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

Seller’s Loan History

Lender

Network Funding Lp

Loan start date

October 2020

Original loan amount

$510,000

Est. remaining balance

$465,477

Interest rate

2.86%

Loan type

New Conventional, 30 year

Seller

Gregorio Palomino and Arisbei H Palomino

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: Active

Tomo last checked: 10/04/2024 at 8:05 PM

Listing updated: 08/23/2024 at 1:33 PM

Listed by: Cristabel Benavides, Real Phone #: (512) 960-3253

MLS: SouthTexasMLS #443007

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