13view

Owner Contacts

$588,000

NAL Estimated Property Value

1624 Post Office, Galveston, TX, 77550

Off Market

3 Beds

3 Bath

3,133 Sq Ft

$139.8 / sqft

Built in 1887

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesElectric Oven, Gas Oven, Electric Range, Free-Standing Range, Gas Range, Dishwasher, Dryer, Refrigerator, Washer

FlooringTile, Wood

Exterior

Lot Size5,140 sqft

Building Information

Year Built1963

Stories1

Roof Type112

Garage Spaces3

Land Information

APN3505-0496-0013-000

Lot Number13

SubdivisionGalveston Townsite

Land UseResidential

Legal DescriptionABST 628 M B MENARD SUR LOT 13 BLK 496 GALVESTON

Census Tract724300

Assessed Land Value$189,970

Assessed Improvement Value$225,030

Assessment Year2025

About this property

1887c. Storm Survivor with great bones PLUS a 2 story 2BR-1BA apartment to boot, w/laundry hookups. Main house has 3 BR, 2 full BA. Gorgeous wood floors thru-out PLUS the eat-in kitchen is updated. Kitchen has beautiful updated cabinets/countertops. 2 Ranges(1Gas-1Electric), DW & Fridge-includes W/D. PEX pipe installed entire Main house in May/2024+new water heater, 12ft ceilings and the wood floors are gorgeous. The Foyer is a full size room + another room size area in hallway(use as den or office space). All bedrooms are very very spacious, Primary bath is large 10x9. Main house has laundry in house. Main house-2009 new Copper roof. 2+Garage has slate roof. Zoned A/C in Main house 1st floor & Apt (A/C needed 2nd flr Main house). Home is close to the Strand and minutes to the beach. It is located in a quiet historical district where most of the homes around have been restored. Some work to restore this home to its stately grand Victorian days but liveable while completing.

Investor Tools

$588,000

Estimated Property Value

$241,976Estimated Mortgage Balance

$346,024Estimated Equity

58% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,528 /month

Positive

Cash Flow Estimate:

$1,176 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$750/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,057

$415,000

2025

$189,970

$225,030

$415,000

Tax History

Year

Tax Paid

Assessed Value

2024

$6,057

$415,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Network Funding Lp

Conventional

$249,000

First

Oct 15, 2024

Nov 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$241,976

$346,024

58%

41%

$1,493/mo

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