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$584,400

NAL Estimated Property Value

2009 Postoffice 4, Galveston, TX, 77550

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,091 Sq Ft
price_per_sqft$343.72 / sqft
Year BuiltBuilt in 1907

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesElectric Oven, Electric Cooktop, Dryer, Washer/Dryer Stacked, Washer
FlooringCarpet, Laminate, Wood

Exterior

Lot Size5,158 sqft

Building Information

Year Built1960
Stories3
Roof Type121

Land Information

APN3505-0440-0005-000
Lot Number5
SubdivisionGalveston Townsite
Land UseCommercial
Legal DescriptionABST 628 M B MENARD SUR LOT 5 BLK 440 GALVESTON
Census Tract724500
Assessed Land Value$234,780
Assessed Improvement Value$1,769,720
Assessment Year2024

About this property

The historic 1907 Robinson Building lofts are in the heart of the downtown entertainment district. This 3rd floor open-concept loft with exposed brick walls and high ceilings adds a touch of timeless character. The two generously sized bedrooms and beautifully appointed bathroom offer both comfort and style. The view from the front windows afford a great view of Galveston's iconic 1894 Opera Grand House. An additonal feature is the loft's outdoor space, provided by a spacious back deck off the kitchen. It provides a perfect area for your morning coffee and comes with a lovely view of St. Mary's Co-Cathedral. You are close and convenient to to all the Galveston entertainment and cultural scene has to offer. Parking can be independently arranged with the owner of the lot at the corner. Short Term rentals are allowed

Investor Tools

Property Icon
$584,400
Estimated Property Value
$447,287Estimated Mortgage Balance
$137,113Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,506 /month
Positive
Cash Flow Estimate:
$1,169 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$953/month
$290/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,511
$584,400
2024
$234,780
$1,769,720
$2,004,500
No

Tax History

Year
Tax Paid
Assessed Value
2023
$8,511
$584,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
David Paul Massicott
Commercial
$461,000
No
First
Sep 16, 2024
Sep 2032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$447,287
$137,113
23%
77%
$2,764/mo

City: Galveston

2009 Postoffice 4 | Property Details | No Agent List