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$692,000

NAL Estimated Property Value

1723 Mechanic Street, Galveston, TX, 77550

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,990 Sq Ft
price_per_sqft$230.65 / sqft
Year BuiltBuilt in 1905

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Free-Standing Range, Gas Cooktop, Dishwasher, Oven
FlooringWood

Exterior

Exterior FeaturesBalcony
Lot Size4,439 sqft

Building Information

Year Built1905
Stories2
Roof Type105
Garage Spaces4

Land Information

APN3505-0557-0002-001
Lot Number2
SubdivisionGalveston Townsite
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR E 36-10 FT OF LOT 2 (2-1) BLK 557 GALVESTON
Census Tract724300
Assessed Land Value$172,760
Assessed Improvement Value$314,810
Assessment Year2025

About this property

Norwegian immigrant Benjamin Dolson built this two-story Southern townhouse with double gallery in 1905 for use as rental property originally located at 1419 Mechanic. In 2017 Galveston Historical Foundation moved the house to its current location to save it from demolition. The recently completed rehabilitation of the property included a new pier-and-beam foundation, new roof, repair and restoration of key architectural and structural elements, plumbing, electrical and new mechanical systems.

Investor Tools

Property Icon
$692,000
Estimated Property Value
$388,905Estimated Mortgage Balance
$303,095Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,152 /month
Positive
Cash Flow Estimate:
$1,384 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$731/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,310
$487,570
2025
$172,760
$314,810
$487,570
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,310
$487,570

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending Inc
Conventional
$427,500
No
First
Aug 6, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$388,905
$303,095
43%
56%
$2,564/mo

City: Galveston

1723 Mechanic Street | Property Details | No Agent List