NOT LISTED FOR SALE

330 Coral Ct Surfside Beach, TX 77541

Estimated Value: $840,032

3 Beds
2 Baths
5,400 Sq Ft
$156/Sq Ft Est. Value

Last Sold May 31, 2022

Current estimated payment $5,343/month

15 Days on Market

Highlights

  • Water Views
  • Balcony
  • Patio
  • Terrace
  • Window Unit Cooling System
  • Tile Flooring

About This Home

As of May 2022

Walking Distance to the Beach! This fully furnished 11 unit apartment complex with a beach house for a total of 12 units, has been converted from the Surfside Motel and is a complete rehab, entire building has been re-piped, on city sewer. The property consists of 3-Two Bedroom Units rent for $150/night, 1-One bedroom units rents for $150/night, and 7 Studios with full kitchenettes and baths rent for $125/night. The beach house is a 2 bedroom one and a half bathroom that sleeps eight, with HVAC, separate water & electric meters that's $250/night. Currently all units are almost all 100% booked and full. This property sits on 2 lots. Easy access off Blue Water Highway and surrounded by many restaurants, public beach access, and Surfside Jetty Park with public boat ramp. 9.1% Cap Rate. Already fully occupied with Airbnb residents. Make an offer today!

Last Agent to Sell the Property

Austin Jones

Keller Williams Houston Central License #0703792 Listed on: 04/13/2022

Keller Williams Houston Central

Co-Listed By

Elisha Oldenkamp

License #0736239

Last Buyer's Agent

Nonmls

Houston Association of REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,089

Year Built

  • Built in 1965

Lot Details

  • 0.45 Acre Lot
  • Cleared Lot

Home Design

  • Split Level Home
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 5,400 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Water Views
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Balcony
  • Patio
  • Terrace

Schools

  • Fleming Elementary School
  • Freeport Intermediate School
  • Brazosport High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Propane

Community Details

  • 12 Units
  • S/D Tr 48 Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,089

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1965
  • Co List Office Mls Id: KWCL01
  • Co List Office Phone: 281-335-0335
  • Subdivision Name: S/D Tr 48
  • Architectural Style: Split Level
  • Unit Levels: Two, Multi/Split
  • New Construction: No
  • UniversalParcelId: urn:reso:upi:2.0:US:48039:8079-0007-000
  • Special Features: None
  • Stories: 2

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Tile
  • Interior Amenities: Balcony, Ceiling Fan(s)
  • Living Area: 5400.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: Municipal Utility District Disclosure, None
  • Roof: Composition
  • Lot Features: Cleared, Views
  • View: Water
  • View: Yes
  • Construction Type: Wood Siding
  • Patio And Porch Features: Patio, Terrace

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Propane
  • Heating Yn: Yes

Schools

  • Elementary School: FLEMING ELEMENTARY SCHOOL (BRAZOSPORT)
  • Junior High Dist: 7 - Brazosport
  • High School: BRAZOSPORT HIGH SCHOOL
  • Middle Or Junior School: FREEPORT INTERMEDIATE SCHOOL

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4089.0

Multi Family

  • Number Of Units Total: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2022
Closed on
May 31, 2022
Sold by
Chorn Equities Llc
Bought by
Mahrked Holdings Llc
Seller's Agent
Austin Jones
Keller Williams Houston Central
Buyer's Agent
Nonmls
Houston Association of REALTORS
List Price
$949,500
Current Estimated Value
$840,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.10%

Purchase Details

Closed on
Feb 3, 2017
Sold by
Coral Thunder Llc
Bought by
Keller James and Keller Brenda

Purchase Details

Closed on
Feb 25, 2016
Sold by
Keller James and Keller Brenda
Bought by
Coral Thunder Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.92%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Mahrked Holdings Llc -- Fidelity National Title
Keller James $100,000 None Available
Keller James $500,000 None Available
Coral Thunder Llc -- Great American Title Co
Coral Thunder Llc -- Great American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coral Thunder Llc $100,000
Previous Owner Coral Thunder Llc $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2022 05/31/22 Sold -- -- --
04/28/2022 04/28/22 Pending -- -- --
04/20/2022 04/20/22 Price Changed $895,000 -5.7% $166 / Sq Ft
04/13/2022 04/13/22 For Sale $949,500 -- $176 / 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
2025 $11,459 $1,263,030 $499,850 $763,180
2023 $11,459 $606,600 $529,250 $77,350
2022 $9,877 $448,081 $382,240 $65,841
2021 $4,074 $175,260 $122,510 $52,750
2020 $8,162 $343,050 $122,510 $220,540
2019 $8,458 $343,050 $122,510 $220,540
2018 $8,519 $343,050 $122,510 $220,540
2017 $14,191 $570,200 $122,510 $447,690
2016 $3,916 $166,100 $98,010 $68,090
2015 $3,906 $166,100 $98,010 $68,090
2014 $3,906 $166,100 $98,010 $68,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Houston Association of REALTORS®

MLS Number: 45636835

Houston Association of REALTORS®

APN: 8079-0007-000