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$535,000

NAL Estimated Property Value

2400 Mechanic St Apt 405, Galveston, TX, 77550

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,428 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$335.43 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1

Exterior

Lot Size1,429 sqft

Building Information

Year Built2014
Stories1

Land Information

APN6778-0000-0405-000
SubdivisionThe Strand Lofts Condos (2015) Abst 628
Land UseResidential
Legal DescriptionTHE STRAND LOFTS CONDOS (2015) ABST 628, UNIT 405, 3.13% COMMON AREA INTEREST
Census Tract724500
Assessed Land Value$57,680
Assessed Improvement Value$356,430
Assessment Year2025

About this property

Beautiful fourth floor 2-bedroom condo in the magnificently renovated Clarke and Courts building. Spectacular views of the Harbor! Galveston Historic Foundation Preservation Award winner, this lovely building is at the corner of 24th street & Mechanic. This well-appointed unit comes with most furniture included and has wood & slate floors, a luxurious bath, updated island kitchen, soaring ceilings, large windows & great storage. Brick walls and modern appliances in kitchen, endless cabinet spaces, with movable ladder to access higher cabinets. The unit comes w/2 parking spaces behind gated access and a storage space. Amenities include buzzer intercom system, an outdoor pavilion (great to watch all the downtown parades and festivals). A gym and laundry room. Don't know if you will need the gym as you can walk to everything downtown has to offer. STR's aren't allowed

Investor Tools

Property Icon
$535,000
Estimated Property Value
$0Estimated Mortgage Balance
$535,000Estimated Equity
100% 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
$879/month
$988/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,879
$414,110
2025
$57,680
$356,430
$414,110
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,879
$414,110

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$600,000
100%
0%
$0/mo

City: Galveston

2400 Mechanic St Apt 405 | Property Details | No Agent List