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$545,000

NAL Estimated Property Value

1512 Mechanic St, Galveston, TX, 77550

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,188 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$269.2 / sqft
Year BuiltBuilt in 1912

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
AppliancesWater Heater, Disposal, Gas Oven, Gas Cooktop
FlooringWood

Exterior

Exterior FeaturesBalcony
Lot Size4,055 sqft

Building Information

Year Built2010
Stories2
Roof Type105

Land Information

APN3505-0615-0010-001
Lot Number10
SubdivisionGalveston Townsite
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR E 33-8 FT OF LOT 10 (10-1) BLK 615 GALVESTON
Census Tract724300
Assessed Land Value$162,160
Assessed Improvement Value$213,337
Assessment Year2025

About this property

Are you looking to move into a home with positive equity? This home appraised for $621,000 and currently listed at $589,000! Appraisal in hand for serious inquiries only. Originally Built in 1912 this 3 bed, 3 bath home is in the heart of the East End Historic District and has been fully renovated all the way down to the studs! All New PEX Plumbing, Electrical throughout, Gas lines, Central HVACx2, duck work, Leveled Foundation that comes with 6 year warranty and many more!! This home features restored flooring, BBoard, Shiplap and Chimney from the original build through out the home! Has a large back porch backed up to an alleyway and a view of 2 palm trees, spacious rooms, and a stunning primary room with exposed brick and shiplap. All bedrooms are upstairs with an option of a flex room down stairs, perfect for a home office, game room or formal dining.

Investor Tools

Property Icon
$545,000
Estimated Property Value
$443,293Estimated Mortgage Balance
$101,707Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,534 /month
Positive
Cash Flow Estimate:
$1,178 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,007/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,358
$375,497
2025
$162,160
$213,337
$375,497
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,358
$375,497

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$467,500
No
First
Jul 21, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$443,293
$101,707
18%
81%
$2,803/mo

City: Galveston

1512 Mechanic St | Property Details | No Agent List