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$329,000

2318 Avenue M, Galveston, TX, 77550

$346,589 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,868 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$176.12 / sqft
Year BuiltBuilt in 1870

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size5,136 sqft

Building Information

Year Built1870
Stories1
Roof Type112

Land Information

APN3505-0023-0012-000
Lot Number12
SubdivisionGalveston Townsite
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR LOT 12 & E 2-2 FT OF LOT 13 BLK 23 GALVESTON
Census Tract724400
Assessed Land Value$164,350
Assessed Improvement Value$377,350
Assessment Year2024

About this property

IRREPLACEABLE HISTORY & A WALK TO THE BEACH AND PLEASURE PIER—NOTHING ELSE LIKE THIS ON THE MARKET! Own an extraordinary, impeccable circa-1870 home in Galveston's Silk Stocking Historic District. This is a rare 3-BR, 2.5-BA. 1,868 sq. ft home of authentic character, with a classic center-hall floor plan, formal living & dining rooms, two downstairs bedrooms & your private upstairs primary suite with a large bath. Historic details include operable louvered shutters, honed-granite kitchen counters, a tin backsplash —remarkable features that cannot be recreated! Walk to the beach, Seawall & Pleasure Pier for sun, surf, dining, rides & entertainment, while The Strand, downtown shops, restaurants, museums & cruise terminals are all close by. No other property combines this history, walkability, character & equity at this price. Schedule your private showing now—once it's gone, it's gone!

Investor Tools

$135,773Estimated Mortgage Balance
$397,723Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$346,588
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,201 /month
Positive
Cash Flow Estimate:
$1,067 /month

Interested in this property?

Alexis Skeen

Alexis Skeen, Broker

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$870/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,770
$533,496
2024
$164,350
$377,350
$541,700
No

Tax History

Year
Tax Paid
Assessed Value
2023
$7,770
$533,496

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Certainty Home Loans Llc
Conventional
$151,900
No
First
Apr 30, 2021
May 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$135,773
$397,723
74%
25%
$911/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$911/mo
+$811/mo
3.9%

City: Galveston

2318 Avenue M | Property Details | No Agent List