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$570,000

NAL Estimated Property Value

1401 E Beach Drive 1002, Galveston, TX, 77550

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths825 Sq Ft
price_per_sqft$478.79 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher, Refrigerator
FlooringTile

Exterior

Exterior FeaturesTennis Court(s), Balcony
Lot Size823 sqft

Building Information

Year Built1975
Stories1

Land Information

APN3520-0000-1002-000
SubdivisionGalvestonian Condo
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR UNIT 1002 GALVESTONIAN CONDO & .5449 % COMMON ELEMENT GALVEZ EAST
Census Tract724101
Assessed Land Value$4,620
Assessed Improvement Value$514,800
Assessment Year2025

About this property

Galvestonian is one of Galveston's finest high rise properties on the beachfront! This condo has two balconies - one off of the living area and one off of the master bedroom. Ponder ~ If a quiet, sophisticated environment and is like YOU being on a vacation. This condominium is located on the 10th floor of a high rise building situated where you will have the first view of the sunrise each morning. The 2 bedrooms and 2 full baths will accommodate up to 6 guests. The open concept living/dining/kitchen area offers comfort. From the living room sit and watch as the shrimp boats go out for their morning haul or you prefer to watch the star-studded cruise lines make their way out of the Port of Galveston - there is something for everyone who loves the sea! The master bedroom features a king-size bed, en suite bath. Don't forget the master has a balcony The 2nd bedroom has two twin beds, and the living area features a queen sleeper sofa. The Galvestonian Resort is located on East Beach.

Investor Tools

Property Icon
$570,000
Estimated Property Value
$260,660Estimated Mortgage Balance
$309,340Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,420 /month
Positive
Cash Flow Estimate:
$1,140 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,004/month
$950/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,194
$519,420
2025
$4,620
$514,800
$519,420
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,194
$519,420

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$288,750
No
First
Apr 15, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$260,660
$309,340
54%
46%
$1,732/mo

City: Galveston

1401 E Beach Drive 1002 | Property Details | No Agent List