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$493,000

NAL Estimated Property Value

2225 28 Street, Galveston, TX, 77550

$540,258 ARVInfo
Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths2,428 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$234.35 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size1,712 sqft

Building Information

Year Built1995
Stories1
Roof Type105

Land Information

APN3510-0115-2008-003
SubdivisionGalveston Outlots
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR S 40 FT OF LOT (2008-3) SW BLK 115 GALVESTON OUTLOTS
Census Tract724101
Assessed Land Value$41,040
Assessed Improvement Value$251,700
Assessment Year2025

About this property

Currently a duplex however interior staircase alows it to be converted to Single Family House oor live in one and rent other! Rare Gulf-water view a minute walk to Seawall.The 2nd story porch overlooks the Pleasure Pier& Gulf! Across the street from McGuire-Dent Recreation Center, w/ its fitness center, playground, splash pad, skateboard park, dog park & tennis courts! Walk to many restaurants, Blvd Seafood, Bubba Gump’s, Fish Tales & The Spot. Has been a successful short-term rental since 2016. Upstairs unit sleeps up to 6 w/ its 2 bedrooms (+ 2 twin sleeper sofas), 1 bathroom & kitchen. Downstairs unit has 3 bedrooms, 1 bath & kitchen. Together as a single family, there are 5 bedrooms & 2 baths. Both floors have washers and dryers that convey. Upstairs new central A/H 7/23. Outside, there is a shaded, bricked, back-patio,an outside shower to rinse off the beach sand! House conveys fully furnished. Didn't flood during Hurricanes Ike or Harvey. Flood Zone X a Great Investment!

Investor Tools

Property Icon
$493,000
Estimated Property Value
$518,209Estimated Mortgage Balance
$493,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$540,257
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,414 /month
Positive
Cash Flow Estimate:
$1,138 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$631/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,102
$292,740
2025
$41,040
$251,700
$292,740
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,102
$292,740

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Fha
$531,582
Yes
First
Dec 19, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$518,209
N/A
0%
105%
$3,188/mo

City: Galveston