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$916,000

NAL Estimated Property Value

2426 Mechanic Street 3, Galveston, TX, 77550

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,004 Sq Ft
price_per_sqft$169.66 / sqft
Year BuiltBuilt in 1898

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Gas Cooktop, Gas Range, Gas Oven, Oven
FlooringVinyl

Exterior

Exterior FeaturesBalcony
Lot Size1,951 sqft

Building Information

Year Built1898
Stories1
Garage Spaces1

Land Information

APN6513-0000-2426-200
SubdivisionShips Mechanic Row Bldg Condos (2005) Ab
Land UseResidential
Legal DescriptionSHIPS MECHANIC ROW BLDG CONDOS (2005) ABST 628 UNIT 2426 #2 & PARKING SPC UNIT 2420 #9 & 12.665% INT IN COMMON ELEMENTS
Census Tract724500
Assessed Land Value$47,280
Assessed Improvement Value$733,920
Assessment Year2025

About this property

Location, floor plan and views! This loft features all the benefits you are looking for in downtown living. This unit has been freshly painted and has been updated with granite countertops, newer vinyl flooring & newer stainless appliances. Each bedroom features an en-suite bath and large closets. Other features include 14' ceilings, walls of windows, open floor plan, full size pantry and a private balcony. From the balcony you can view the parades that take place on The Strand and the cruise ships. Restaurants, shopping, art walk and other Galveston events are just a short walk away. The complex offers a fitness center, assigned garage parking, & elevator. Schedule your showing today. You won't be disappointed!

Investor Tools

Property Icon
$916,000
Estimated Property Value
$0Estimated Mortgage Balance
$916,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,496 /month
Positive
Cash Flow Estimate:
$1,832 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,176/month
$681/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,528
$660,643
2025
$47,280
$733,920
$781,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,528
$660,643

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$916,000
100%
0%
$0/mo

City: Galveston