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$285,000

Beds
4
Baths
3.0
sq ft
1,750

517 S Rife Street S, Aransas Pass, TX 78336

517 S Rife Street S

Aransas Pass, TX 78336

  • 17 days on market
Unique property with excellent income producing possibilities. Oversized corner lot with a main house, a cabin, 2 car detached garage and another structure for storage that could easily be converted to a 3rd living space. This property would make an excellent fish camp. Less than 2 miles to Conn Brown Harbor and Redfish Bay Causeway. The main house is 3 bedroom, 2 bath with a bonus room that could be a 4th bedroom, 1414 sq ft. The cabin is a 1 bedroom 1 bath with a full kitchen, 544 sq ft with a bonus 224 sq ft fully screened in porch. Each home is metered separately and could easily be rented separately. The main home address is 517 S Rife, the cabin faces Nelson and has it's own address 239 Nelson. Live in the main house, lease the cabin for extra income. The possibilities are endless.

Details

Property type

Single Family Residence

Est. home value

$222,132

Lot size

9,375 sq ft

Price per sq ft

$163

Year built

1945

HOA

No

Price History

02/06/2025
SouthTexasMLS

SouthTexasMLS #454110

Listed
$285,000

Schools & Community

Elementary school: 

Aransas Pass

Middle school: 

Aransas Pass

High school: 

Aransas Pass

High school district: 

Aransas County 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

$176,470
Asking price
$285,000
Closing costs (~8% of asking)
-$22,800
Est. remaining loan balance
-$85,730
Cash to seller
$176,470

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

January 2016

Original loan amount

$105,600

Est. remaining balance

$85,730

Interest rate

3.95%

Loan type

New Conventional, 30 year

Seller

Dardus J Elrod and Susan L Elrod

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: 02/24/2025 at 3:10 AM

Listing updated: 02/06/2025 at 5:10 PM

Listed by: Jennifer Heddlesten, RE/MAX Security Real Estate Phone #: (361) 729-2256

MLS: SouthTexasMLS #454110

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