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$750,000

NAL Estimated Property Value

1409 Avenue M, Galveston, TX, 77550

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,288 Sq Ft
price_per_sqft$233.88 / sqft
Year BuiltBuilt in 1898

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Free-Standing Range, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size7,701 sqft

Building Information

Year Built1898
Stories1
Roof Type105
Garage Spaces2

Land Information

APN3510-0022-0005-000
Lot Number5
SubdivisionGalveston Outlots
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR LOT 5 & E 1/2 OF LOT 4 NW BLK 22 GALVESTON OUTLOTS
Census Tract724400
Assessed Land Value$107,470
Assessed Improvement Value$642,530
Assessment Year2025

About this property

1898 Josephine Drouet House is a dormered Queen Anne style home that boasts the following, Location! Close and convenient San Jac Neighborhood, 2/1 920 sq ft. Garage Apartment, Primary with en-suite on first floor, Pool Interesting History, This Queen Anne Victorian was built in 1898 for Josephine Chambard Drouet originally at 1903 Avenue K. The home was relocated to 1720 Avenue O1/2 in 1923 and purchased by the Galveston Historic Foundation and moved to its current location in 2005 to prevent the home's demolition. A 1900 Storm survivor it was featured on the 2012 Galveston Historic Homes Tour. Not many East End properties can claim all this! This updated 3/2.5 treasure has wood floors, pocket doors, transoms, dual parlours & a spacious kitchen. There is plenty of storage throughout, incl. 2 walk in-closets the current owners use for their respective offices, a front porch, a spacious back deck perfect for alfresco dining! There is a fenced in back yard perfect for gardeners.

Investor Tools

Property Icon
$750,000
Estimated Property Value
$331,963Estimated Mortgage Balance
$418,037Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,614 /month
Positive
Cash Flow Estimate:
$1,538 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$905/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,115
$750,000
2025
$107,470
$642,530
$750,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,115
$750,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Success Mortgage Partners Inc
Conventional
$340,000
No
First
Jan 15, 2025
Feb 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$331,963
$418,037
55%
44%
$2,039/mo

City: Galveston

1409 Avenue M | Property Details | No Agent List