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$324,000

NAL Estimated Property Value

12001 Ostermeyer Road, Galveston, TX, 77554

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths1,627 Sq Ft
price_per_sqft$199.14 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market List

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Disposal, Dryer, Refrigerator, Washer, Microwave, Electric Cooktop, Electric Range, Electric Oven, Oven
FlooringConcrete, Laminate

Exterior

Exterior FeaturesBalcony

Building Information

Garage Spaces2

About this property

Unique & rare find! This property has so much to offer. Starting with the home; there are 3 bedrooms & 1.5 baths upstairs. Spacious open living, dining & kitchen area. All windows have electric hurricane shutters. Downstairs has 2 bedrooms & 1 bath. This space can be used as bedrooms, office, gym, etc. It has a separate entrance, so you could make it a vacation rental! Set-up a kitchenette & you are good to go. The garage has been painted & the concrete stained, plenty of room for cars & storage. Now the land; it is high & dry. During heavy rains & even Harvey the horses had high ground to go to. The property fronts a saltwater lake which you can kayak, fish or crab in. There are 4 horse stalls & 2 barns, both barns have electric. One barn has potential for a "man cave" at the top. There are fruit trees, it's fully fenced & has a separate field for the horses. While on your deck you can enjoy the Gulf breeze & sunrise. If you are looking for country living on the Island, this is it!

Investor Tools

Property Icon
$324,000
Estimated Property Value
$0Estimated Mortgage Balance
$324,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,944 /month
Positive
Cash Flow Estimate:
$648 /month

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Financing Details

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

City: Galveston

12001 Ostermeyer Road | Property Details | No Agent List