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$299,000

1612 Avenue L, Galveston, TX, 77550

$388,700 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,296 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$130.23 / sqft
Year BuiltBuilt in 1957

Property Lead Type:

ARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
AppliancesOther, See Remarks
FlooringLinoleum, Tile

Exterior

Exterior FeaturesCovered Patio
Lot Size5,136 sqft

Building Information

Year Built1957
Stories2
Roof Type112

Land Information

APN3505-0076-0010-000
Lot Number10
SubdivisionGalveston Townsite
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR LOT 10 BLK 76 GALVESTON***DEFERRAL***
Census Tract724400
Assessed Land Value$164,350
Assessed Improvement Value$419,550
Assessment Year2025

About this property

INVESTOR OPPORTUNITY! Located at 1612 Avenue L in Galveston, this approximately 2,296-square-foot property offers significant renovation and value-add potential. Offered at $299,000, substantially below the current appraisal district market value of approximately $583,900. Property is in need of repairs and is being sold strictly AS-IS, WHERE-IS. Seller will make no repairs. CASH OR HARD MONEY FINANCING ONLY. Property is not expected to qualify for traditional financing in its present condition. Excellent opportunity for an investor, renovator, or buyer looking for a substantial Galveston project. Buyer to independently verify property condition, measurements, appraisal information, restrictions, and all other information material to purchase.

Investor Tools

$0Estimated Mortgage Balance
$493,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$388,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,958 /month
Positive
Cash Flow Estimate:
$986 /month

Interested in this property?

Madison Bolton

Madison Bolton, Broker

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$379/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,084
$372,028
2025
$164,350
$419,550
$583,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,084
$372,028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$493,000
100%
0%
$0/mo

City: Galveston