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$342,000

NAL Estimated Property Value

2400 Mechanic St Apt 502, Galveston, TX, 77550

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths893 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$2.07 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
AppliancesDryer, Washer, Dishwasher, Disposal, Electric Range, Electric Oven

Exterior

Lot Size893 sqft

Building Information

Year Built2014
Stories1
Garage Spaces2

Land Information

APN6778-0000-0502-000
SubdivisionThe Strand Lofts Condos (2015) Abst 628
Land UseResidential
Legal DescriptionTHE STRAND LOFTS CONDOS (2015) ABST 628, UNIT 502, 1.95% COMMON AREA INTEREST
Census Tract724500
Assessed Land Value$28,560
Assessed Improvement Value$222,900
Assessment Year2025

About this property

Beautiful views of the Gulf of Mexico add a steeple-filled cityscape from the top floor of the Strand Lofts. This top floor unit features a gorgeous curved window, tall ceilings, exposed ducts, and a modern kitchen. Vertical cabinetry and large closets create storage ample for a unit twice it's size. Gym/work-out room on the 1st floor. W/D in the unit AND community laundry on 1st floor. Two first-come/first-serve covered parking spots with alley access. Residents enjoy the deck for outdoor socializing, grilling, and Mardi Gras parades - Mechanic is on the parade route. Walking distance to numerous restaurants, galleries, coffee shops, and green space. Guests can be accommodated in luxury next door at the Tremont House. Come see this one quickly.

Investor Tools

Property Icon
$342,000
Estimated Property Value
$0Estimated Mortgage Balance
$342,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,052 /month
Positive
Cash Flow Estimate:
$684 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$514/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,454
$251,460
2025
$28,560
$222,900
$251,460
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,454
$251,460

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$375,000
100%
0%
$0/mo

City: Galveston

2400 Mechanic St Apt 502 | Property Details | No Agent List