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Owner Contacts

$614,000

12828 E Madrid Rd, Galveston, TX, 77554

Off Market

3 Beds

2 Bath

1,514 Sq Ft

Single Family Residence

$356.61 / sqft

Built in 1981

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Garage Available

Heating Central

Cooling

Exterior

Exterior FeaturesBoat Slip

Lot Size5,101 sqft

Building Information

Year Built1981

Stories1

Roof Type105

Garage Spaces3

Land Information

APN6670-0000-0081-000

Lot Number81

SubdivisionSpanish Grant 1

Land UseResidential

Legal DescriptionABST 121 HALL & JONES SUR LOT 81 SPANISH GRANT SEC 1

Census Tract726000

Assessed Land Value$177,480

Assessed Improvement Value$440,890

Assessment Year2025

About this property

NEW ROOF COMING SOON! Waterfront GEM in Spanish Grant Bayside located ON THE CANAL! Enjoy gorgeous sunsets from this breezy back porch! Just a golf cart ride away from having toes in the sand on Galveston BEACH! Contemporary home with open concept kitchen & living, laundry, 2 spacious bedrooms & shared bathroom completes the layout of the main home. The remodeled modern kitchen (2019) features an over-sized granite island, double ovens & stainless appliances. The 3rd bedroom (bunk room on ground level only) features a private full bathroom with shower for guests to visit in comfort. Storage on the left & workshop under the front patio. HUGE covered porch on ground level continues upstairs to the main entrance with great views of the canal & boat access to the bay. Boathouse with lift (new belts 2023), storm shutters, sprinkler system, & much more. NOTE, photos are from 2022. Stays quiet as short term rentals not allowed. Furnished & vacation ready; simply pack your bags & let's go!

Investor Tools

$614,000

Estimated Property Value

$386,250Estimated Mortgage Balance

$257,974Estimated Equity

37% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,684 /month

Positive

Cash Flow Estimate:

$1,228 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$956/month

$60/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,403

$590,832

2025

$177,480

$440,890

$618,370

Tax History

Year

Tax Paid

Assessed Value

2024

$8,403

$590,832

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Amcap Mortgage Ltd

Conventional

$386,250

First

Mar 22, 2022

Apr 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$356,026

$234,806

39%

58%

$2,316/mo

Learn About the Market: Opportunity in Texas

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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.

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