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$549,500

2207 Postoffice Street 422, Galveston, TX, 77550

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,965 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$279.64 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer, Dishwasher
FlooringWood

Exterior

Lot Size1,965 sqft

Building Information

Year Built2006
Stories1
Roof Type172

Land Information

APN3166-0000-0422-000
SubdivisionEibands Luxury Condominiums (2007) Abst
Land UseResidential
Legal DescriptionEIBANDS LUXURY CONDOMINIUMS (2007) ABST 628, UNIT 422, 3.94% COMMON AREA INTEREST
Census Tract724500
Assessed Land Value$2,160
Assessed Improvement Value$598,530
Assessment Year2025

About this property

Eibands Luxury Condominium located at the prime Post Office Street location—featuring a very rare top-floor corner unit. This exceptional residence stands apart with a fully remodeled kitchen showcasing quartz countertops, a custom backsplash, and a custom built-in dry bar, offering both style and functionality rarely found in the building. Character abounds with exposed brick walls and distressed hardwood floors throughout, creating a timeless urban luxury feel. The condo offers two spacious bedrooms and two full baths, along with a private in-unit laundry area for added convenience. Building amenities include an indoor gym, indoor pool & hot tub, dry sauna, a large individual ground-floor storage closet, and an assigned parking space. Ideally located with easy access to UTMB, the cruise ship terminal, the beach, and The Strand’s dining and entertainment, this is downtown living at its finest.

Investor Tools

$381,542Estimated Mortgage Balance
$219,148Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,604 /month
Positive
Cash Flow Estimate:
$1,201 /month

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RE/MAX Leading Edge

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,125/month
$1,025/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,494
$600,690
2025
$2,160
$598,530
$600,690
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,494
$600,690

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$408,000
No
First
Jul 29, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$381,542
$219,148
36%
64%
$2,129/mo

City: Galveston

2207 Postoffice Street 422 | Property Details | No Agent List