NOT LISTED FOR SALE

220 Marine Way Unit 1-4 Freeport, TX 77541

Estimated Value: $393,000 - $497,000

2 Beds
1 Bath
3,824 Sq Ft
$116/Sq Ft Est. Value

Last Sold January 17, 2024

Current estimated payment $3,140/month

5 Days on Market

Highlights

  • Boat or Launch Ramp
  • Home fronts a canal
  • Balcony
  • Boat Slip
  • Community Pool
  • Central Heating and Cooling System

About This Home

As of January 2024

Gorgeous opportunity! This well maintained fourplex is waiting for you! Featuring 4 units each with refrigerator, washer and dryer. The property also has 6 boat slips and 4 boat lifts, making the perfect opportunity for long term rental, weekend getaways - the possibilities are endless! Located in Turtle Cove on the canal with intercoastal access and close to LNG and DOW. Each unit has been well maintained by the current owner/tenant and ready for it's new owner/tenant/investor. Each unit has two upstairs bedrooms and bathroom, complete with washer/dryer in an upstairs utility closet. Each primary bedroom has a door opening to an upstairs patio deck overlooking the water. Three onsite storage closets make for additional income opportunities. Don't let this one pass you by!

Last Agent to Sell the Property

Cheryl Stovall

American Realty License #0736352 Listed on: 12/29/2023

Last Buyer's Agent

Michael Mullis

Realty Associates License #0614210

Realty Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,440

Year Built

  • Built in 1962

Lot Details

  • 5,998 Sq Ft Lot
  • Home fronts a canal

HOA Fees

  • $140 Monthly HOA Fees

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 3,824 Sq Ft Home
  • 2-Story Property
  • Canal Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Bulkhead
  • Boat or Launch Ramp
  • Boat Slip
  • Balcony

Schools

  • Freeport Elementary School
  • O'hara Lanier Middle School
  • Brazosport High School

Utilities

  • Central Heating and Cooling System

Community Details

Overview

  • Association fees include clubhouse, recreation facilities, sewer, water
  • 4 Units
  • Turtle Cove Lot Owners Associatio Association
  • Turtle Cove Yacht Basin Sec 1 Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,440

Year Built

Built in 1962

Lot Details

0

HOA Fees

$140 per month

Listing Details

  • Directions: Take 288 South, take the Angleton/Surfside Exit. Go 5.9 miles and take a left onto Levee Rd. go 2.3 miles and take a right on Galleywax Way. 500 feet Marine Way will be on your left, first house on right after the marina.
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1962
  • Subdivision Name: Turtle Cove Yacht Basin Sec 1
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • New Construction: No
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Balcony
  • Living Area: 3824.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: Municipal Utility District Disclosure, Seller Disclosure
  • Roof: Composition
  • Lot Features: Waterfront
  • Pool Features: Community
  • View: Canal
  • View: Yes
  • Waterfront Features: Boat Dock/Slip, Bulkhead, Boat Ramp/Lift Access, Canal Front, Waterfront
  • Waterfront: Yes

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Pool
  • Association Fee: 140.0
  • Association Fee Frequency: Monthly
  • Association Name: Turtle Cove Lot Owners Associatio

Fee Information

  • Association Fee Includes: Clubhouse, Other, Recreation Facilities, Sewer, Water

Schools

  • Elementary School: FREEPORT ELEMENTARY
  • Junior High Dist: 7 - Brazosport
  • High School: BRAZOSPORT HIGH SCHOOL
  • Middle Or Junior School: O'HARA LANIER MIDDLE

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 9440.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2023
Closed on
Mar 15, 2024
Sold by
Angele Holdings Llc
Bought by
Verm Hunter Raye and Lawson Betty
Seller's Agent
Cheryl Stovall
American Realty
Buyer's Agent
Michael Mullis
Realty Associates
List Price
$425,000
Views
12
Current Estimated Value
$444,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.88%
Original Mortgage
$340,400
Outstanding Balance
$336,045
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$97,322

Purchase Details

Listed on
Dec 29, 2023
Closed on
Jan 15, 2024
Sold by
Bates Laura M
Bought by
Angele Holdings Llc
Seller's Agent
Cheryl Stovall
American Realty
Buyer's Agent
Michael Mullis
Realty Associates
List Price
$425,000
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,400
Outstanding Balance
$336,045
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$97,322

Purchase Details

Closed on
Aug 1, 2017
Sold by
Michaelson George
Bought by
Bates Laura

Purchase Details

Closed on
Jul 24, 2017
Sold by
Michaelson George
Bought by
Bates Laura

Purchase Details

Closed on
Nov 1, 2004
Sold by
Waldrop William F
Bought by
Michaelson George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
5.87%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Verm Hunter Raye -- None Listed On Document
Angele Holdings Llc -- None Listed On Document
Bates Laura -- None Available
Bates Laura -- None Available
Michaelson George -- Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Verm Hunter Raye $340,400
Previous Owner Angele Holdings Llc $366,000
Previous Owner Michaelson George $90,000
Previous Owner Michaelson George $62,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2024 01/17/24 Sold -- -- --
01/03/2024 01/03/24 Pending -- -- --
12/29/2023 12/29/23 For Sale $425,000 -- $111 / Sq Ft
Source: Houston Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $6,570 $584,410 $46,790 $537,620
2022 $5,412 $289,490 $36,000 $253,490
2021 $3,880 $195,000 $36,000 $159,000
2020 $6,427 $317,350 $36,000 $281,350
2019 $4,560 $216,540 $36,000 $180,540
2018 $4,591 $216,180 $36,000 $180,180
2017 $3,840 $180,350 $36,000 $144,350
2016 $3,831 $179,930 $36,000 $143,930
2015 $3,631 $166,750 $7,500 $159,250
2014 $3,631 $166,750 $7,500 $159,250
Source: Public Records

Agents Affiliated with this Home

  • Cheryl Stovall

    Seller's Agent in 2024

    Cheryl Stovall

    American Realty

    (979) 417-6178

    112 Total Sales

    Section Image

  • M

    Buyer's Agent in 2024

    Michael Mullis

    Realty Associates

    (713) 396-6584

    9 Total Sales

    Section Image
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Map

Source: Houston Association of REALTORS®

MLS Number: 88608726

Houston Association of REALTORS®

APN: 8055-0045-000

Texas Brazoria County Freeport 77541

220 Marine Way Unit 1-4, Freeport, TX

This home is located at 220 Marine Way Unit 1-4, Freeport, TX 77541 since 29 December 2023 and is currently estimated at $443,568, approximately $115 per square foot. This property was built in 1962. 220 Marine Way Unit 1-4 is a home located in Brazoria County with nearby schools including Velasco Elementary School, O'Hara Lanier Middle School, and Freeport Intermediate School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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