tomo logo

$405,000

Beds
2
Baths
1.0
sq ft
822

607 S Gulf St, Port Aransas, TX 78373

607 S Gulf St

Port Aransas, TX 78373

  • 310 days on market
    • Price drop $10,000↓
A true coastal cottage with modern updates! This lovingly maintained beach house sits on an OVERSIZED 60x120 lot. There should be room to add a pool, add on to the existing structure or build another separate structure. The property is also zoned Commercial 1. The possibilities are truly endless! A rare find in Port "A", this outdoor oasis is very spacious and is the perfect place to sit back and relax after a long day at the beach. The "Gulf Street Cottage", as it is affectionately known by rental guests, is located right in the middle of town and is a quick golf cart ride to the beach. It has been a favorite among renters over the years and boasts a STRONG RENTAL HISTORY. This coastal cutie sleeps 5 and is being offered partially furnished with a lot of extras to make rental guests happy! Don't miss your chance to own this unique slice of Port Aransas paradise! Storage shed on the property provides plenty of room for all your beach toys!

Details

Property type

Single Family Residence

Est. home value

$491,232

Lot size

7,200 sq ft

Price per sq ft

$493

Year built

1975

HOA

No

Price History

09/03/2024
SouthTexasMLS

SouthTexasMLS #432694

Price change
$405,000
-2.41%
05/21/2024
SouthTexasMLS

SouthTexasMLS #432694

Price change
$415,000
-7.76%
03/08/2024
SouthTexasMLS

SouthTexasMLS #432694

Price change
$449,900
-5.28%

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

$300,077
Asking price
$405,000
Closing costs (~8% of asking)
-$32,400
Est. remaining loan balance
-$72,523
Cash to seller
$300,077

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

Seller’s Loan History

Lender

American Bank Na

Loan start date

June 2019

Original loan amount

$90,000

Est. remaining balance

$72,523

Interest rate

4.2%

Loan type

New Conventional, 20 year

Seller

The Holliday Property Group Llc

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: 11/22/2024 at 10:50 PM

Listing updated: 09/03/2024 at 12:53 PM

Listed by: Meredith Berry Castor, Whitten Real Estate, Inc. Phone #: (361) 749-0001

MLS: SouthTexasMLS #432694

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