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$225,000

11949 Termini San Luis Pass Rd Apt 103, Galveston, TX, 77554

$226,951 ARVInfo
On MarketInfo
Beds2 Beds
Baths2 Bath
Baths768 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$292.97 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListMust-SellAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 2Bathrooms Half 2
AppliancesRefrigerator, Dishwasher, Disposal, Microwave, Electric Range, Electric Oven, Oven
FlooringTile, Wood

Exterior

Lot Size767 sqft

Building Information

Year Built1985
Stories1

Land Information

APN6152-0000-0103-000
SubdivisionRiviera (88) Condo
Land UseResidential
Legal DescriptionABST 121 PAGE 60 TR A RIVIERA SUB RIVIERA CONDO PHASE I UNIT 103 3.27% INT OF 1.530 ACRS & AMENITIES
Census Tract726000
Assessed Land Value$16,340
Assessed Improvement Value$183,400
Assessment Year2025

About this property

Galveston beachfront condo w/ seemingly endless sunrise views, views of the Gulf, plus sunset views from the front door - rare for the building. Wide, spacious balconies from the living room and the primary suite allow the Gulf breeze and soothing sounds of the beach engulf you from inside and out. Updated tile in both bathrooms. Easy to clean tile in the living and dining make this place 'sand proof'. Both bedrooms include updated flooring and plenty of storage. HVAC recently replaced. Granite counters in the kitchen that features breakfast bar and a large utility room with laundry. Million dollar views at an affordable price, with gated parking, elevator, beach shower, a gorgeous walkover the dune, & instant access to the beach. "Near-town" accessibility offers quick access to UTMB, The Strand, & all that historic Galveston has to offer. A short drive from Houston and/or Hobby Airport. Storm shutters create a lock-it-and-leave-it turn key property. Come make this YOUR serene retreat.

Investor Tools

$77,474Estimated Mortgage Balance
$145,673Estimated Equity
65% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$226,951
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,350 /month
Positive
Cash Flow Estimate:
$450 /month

Interested in this property?

Bain McEldowney

Sand N Sea Properties, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$228/month
$1,056/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,619
$199,740
2025
$16,340
$183,400
$199,740
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,619
$199,740

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank Mortgage
Conventional
$85,000
No
First
Sep 23, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$77,474
$145,526
65%
35%
$510/mo

City: Galveston

11949 Termini San Luis Pass Rd Apt 103 | Property Details | No Agent List