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$237,000

1501 Milam Dr, Galveston, TX, 77551

$253,506 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,434 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$165.27 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating Floor/WallHeating Floor/Wall
AppliancesFree-Standing Range, Dishwasher
FlooringLaminate, Wood

Exterior

Lot Size4,948 sqft

Building Information

Year Built1960
Stories1
Roof Type105
Garage Spaces1

Land Information

APN5580-0000-0045-000
Lot Number45
SubdivisionPalm Gardens
Land UseResidential
Legal DescriptionABST 628 PAGE 99 LOT 45 PALM GARDENS
Census Tract725300
Assessed Land Value$81,770
Assessed Improvement Value$237,030
Assessment Year2025

About this property

Classic 1960 cottage on a corner lot in Galveston's Palm Gardens. This home offers 3 bedrooms, 1 full bath, living room, separate den, and dining room give real separation of space. Kitchen features a gas range and dishwasher off the dining/family room. Original gas fireplace with built-ins. Wall heater and window-unit A/C. Detached 1-car garage. Solid island cottage with good bones — ready for your updates.

Investor Tools

$85,587Estimated Mortgage Balance
$184,751Estimated Equity
68% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$253,505
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,620 /month
Positive
Cash Flow Estimate:
$540 /month

Interested in this property?

Eric Gage

Douglas Elliman Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$146/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$401
$211,765
2025
$81,770
$237,030
$318,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$401
$211,765

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
1st Maryland Mortgage
Reverse Mortgage / Hecm
$130,500
No
First
Dec 9, 2011
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$85,587
$184,413
68%
32%
$783/mo

City: Galveston

1501 Milam Dr | Property Details | No Agent List