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$592,000

NAL Estimated Property Value

12811 E Madrid Rd, Galveston, TX, 77554

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,454 Sq Ft
price_per_sqft$299.11 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Refrigerator, Microwave, Electric Range, Electric Oven
FlooringLaminate

Exterior

Lot Size6,268 sqft

Building Information

Year Built1998
Stories1
Roof Type105
Garage Spaces5

Land Information

APN6670-0000-0069-000
Lot Number69
SubdivisionSpanish Grant 1
Land UseResidential
Legal DescriptionABST 121 HALL & JONES SUR LOT 69 SPANISH GRANT SEC 1
Census Tract726000
Assessed Land Value$212,550
Assessed Improvement Value$279,303
Assessment Year2025

About this property

Fisherman's dream home located on a canal just minutes from the beach or the bay! This property is ready for immediate enjoyment - perfect for a primary residence or second home. Open living/kitchen/dining concept has high ceilings with ample windows along the canal side, elevator, sprinkler system, electric shutters throughout & entry to the expansive decking. The covered deck and boathouse are facing the southerly sea breeze along with great open ground level entertainment area. Newer ac, water heater, and boat lift updated (steel/electric). No short term rentals allowed in this peaceful, quiet neighborhood. Buyer to verify all room measurements.

Investor Tools

Property Icon
$592,000
Estimated Property Value
$392,821Estimated Mortgage Balance
$199,179Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,552 /month
Positive
Cash Flow Estimate:
$1,184 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$736/month
$60/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,871
$491,853
2025
$212,550
$279,303
$491,853
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,871
$491,853

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Caliber Home Loans Inc
Va
$451,503
Yes
First
Oct 9, 2019
Nov 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$392,821
$163,179
29%
66%
$2,707/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Galveston

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12811 E Madrid Rd | Property Details | No Agent List