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$535,000

NAL Estimated Property Value

2400 Mechanic St Apt 305, Galveston, TX, 77550

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,428 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$280.11 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesDisposal, Electric Oven, Oven, Electric Range, Free-Standing Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer
FlooringWood

Exterior

Lot Size1,429 sqft

Building Information

Year Built1891
Stories1

Land Information

APN6778-0000-0305-000
SubdivisionThe Strand Lofts Condos (2015) Abst 628
Land UseResidential
Legal DescriptionTHE STRAND LOFTS CONDOS (2015) ABST 628, UNIT 305, 3.13% COMMON AREA INTEREST
Census Tract724500
Assessed Land Value$57,680
Assessed Improvement Value$356,430
Assessment Year2025

About this property

STUNNING 2 BED 1 BATH LOFT AT THE HISTORIC STRAND LOFTS IN GALVESTON, TEXAS. DESIGNED BY RENOWNED NICHOLAS CLAYTON THIS UNIQUE PROPERTY BLENDS LUXURY AND HISTORY IN AN ARCHITECTURAL MASTERPIECE. ORIGINALLY BUILT IN 1890 AND ONCE HOME TO THE CLARKE AND COURTS PRINTER, THIS FIVE-STORY BUILDING NOW FEATURES MODERN DESIGN WITH RICH HISTORICAL ELEMENTS. ENJOY SPACIOUS LIVING WITH HARBOR/GULF VIEWS, HIGH CEILINGS, EXPANSIVE WINDOWS, ORIGINAL BRICK WALLS, LARGE WOOD SLIDING DOORS, WOOD FLOORS CUSTOM CLOSETS, A WALK-IN PANTRY, AND ELEGANT KITCHEN OVERLOOKING THE LIVING AREA. LOCATED IN THE HEART OF THE STRAND, YOU'LL BE STEPS AWAY FROM THE BEST SHOPPING, RESTAURANTS AND PIERS. DON'T MISS THIS ONE-OF-A-KIND OPPORTUNITY!

Investor Tools

Property Icon
$535,000
Estimated Property Value
$288,289Estimated Mortgage Balance
$246,711Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,210 /month
Positive
Cash Flow Estimate:
$1,070 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$868/month
$988/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,746
$414,110
2025
$57,680
$356,430
$414,110
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,746
$414,110

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citibank Na
Conventional
$297,600
No
First
Aug 7, 2024
Sep 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$288,289
$311,711
51%
54%
$1,785/mo

City: Galveston

2400 Mechanic St Apt 305 | Property Details | No Agent List