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$899,000

202 25th Street 406, Galveston, TX, 77550

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,300 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$390.87 / sqft
Year BuiltBuilt in 1898

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher, Instant Hot Water, Refrigerator
FlooringWood

Exterior

Private PoolPrivate Pool
Lot Size2,300 sqft

Building Information

Year Built1898
Stories1

Land Information

APN5584-0000-0406-000
SubdivisionPanama Historic Condos (2006) Abst 628
Land UseResidential
Legal DescriptionPANAMA HISTORIC CONDOS (2006) ABST 628 UNIT 406 & 5.263% INT IN COMMON ELEMENTS
Census Tract724500
Assessed Land Value$19,550
Assessed Improvement Value$571,930
Assessment Year2025

About this property

Built in 1912 to serve the Santa Fe Railroad Station, the building was renovated in 2005 into 16 luxury lofts honoring its historic character while delivering every modern comfort. This top-floor unit encompasses the entire north side of the building, with sweeping views of Galveston Harbor and the Strand District. Soaring ceilings, oversized windows, exposed brick, and hardwood floors paired with a fully updated interior. The kitchen features a custom walnut island, modern cabinetry, stainless appliances and programmable recessed lighting. Sun & Sound Double windows in all bedrooms and hall. Contemporary bathrooms and a new variable-speed HVAC system with hospital grade air purification.Residence amenities include a private pool, fitness room, community lobby with wet bar and wine chiller, private storage, and secured gated parking. Step outside into the heart of Galveston's Strand District, with acclaimed restaurants, galleries, boutique shops are all within an easy walk.

Investor Tools

$294,510Estimated Mortgage Balance
$644,490Estimated Equity
68% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,634 /month
Positive
Cash Flow Estimate:
$1,878 /month

Interested in this property?

Clay Conrad

Latitude 29 Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$893/month
$725/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,023
$591,480
2025
$19,550
$571,930
$591,480
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,023
$591,480

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Newrez Llc
Conventional
$327,531
No
First
Feb 22, 2021
Mar 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$294,510
$644,490
68%
31%
$1,964/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Galveston

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