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$399,999

3024 Avenue R 1/2, Galveston, TX, 77550

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,480 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$270.27 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
AppliancesDisposal, Dryer Included, Refrigerator Included, Washer Included, Gas Oven, Oven, Microwave, Gas Cooktop, Gas Range, Dishwasher
FlooringVinyl Plank

Exterior

Lot Size5,136 sqft

Building Information

Year Built1956
Stories1
Roof Type105

Land Information

APN3510-0139-0013-000
Lot Number13
SubdivisionGalveston Outlots
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR LOT 13 NW BLK 139 GALVESTON OUTLOTS
Census Tract724101
Assessed Land Value$93,270
Assessed Improvement Value$447,050
Assessment Year2025

About this property

WALKING DISTANCE TO THE BEACH + SEAWALL + PROVEN AIRBNB HISTORY! Inside, the home carries a bright COASTAL FEEL with VINYL PLANK FLOORING, HIGH CEILINGS, crown molding, and an open, airy layout. Spacious kitchen features GRANITE COUNTERTOPS, GAS COOKING, pantry, and opens directly into the living area. ALL BEDROOMS are conveniently located on one level, including a PRIVATE PRIMARY SUITE with WALK-IN CLOSET + ENSUITE BATH. Step outside to something increasingly hard to find this close to the coast a FENCED BACKYARD + LARGE DECK with plenty of room to entertain after a day at the beach. The property also offers a DOUBLE-WIDE PRIVATE DRIVEWAY and NO HOA. Previously operated as a STRONG-PERFORMING AIRBNB, giving buyers the flexibility to consider it as a PRIMARY HOME, WEEKEND BEACH HOUSE, or SHORT-TERM RENTAL opportunity. WALK TO THE BEACH, SEAWALL, DINING + GALVESTON ATTRACTIONS, THEN COME HOME TO YOUR OWN PRIVATE BACKYARD.

Investor Tools

$238,096Estimated Mortgage Balance
$302,224Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,242 /month
Positive
Cash Flow Estimate:
$1,081 /month

Interested in this property?

Isaigha McNeil

Corcoran Prestige Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$912/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,237
$540,320
2025
$93,270
$447,050
$540,320
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,237
$540,320

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southtrust Bank Na
Stand Alone Second / Subordinate Position
$124,500
No
First
Apr 26, 2024
Apr 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$238,096
$302,224
55%
44%
$1,494/mo

City: Galveston

3024 Avenue R 1/2 | Property Details | No Agent List