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$464,000

NAL Estimated Property Value

302 25th St Apt D, Galveston, TX, 77550

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,160 Sq Ft
price_per_sqft$267.24 / sqft
Year BuiltBuilt in 1915

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Microwave, Electric Range, Dishwasher

Exterior

Lot Size1,159 sqft

Building Information

Year Built1915
Stories1
Roof Type172

Land Information

APN5104-0000-0004-000
SubdivisionMechanic St Lofts Condos (2008) Abst 628
Land UseResidential
Legal DescriptionMECHANIC ST LOFTS CONDOS (2008) ABST 628, UNIT D, 11.75% COMMON AREA INTEREST
Census Tract724500
Assessed Land Value$6,060
Assessed Improvement Value$274,230
Assessment Year2025

About this property

302 Mechanic Street Lofts sits in the heart of downtown Galveston. Mere blocks from Broadway and just one block from the Historic Downtown Strand, this loft has a large balcony perfect for Mardi Gras parade viewing down 25th street (Rosenberg). This loft includes one reserved, covered, attached garage parking spot for the owner and a ground floor storage unit. The building also offers a rooftop deck and an outdoor area for all tenants to enjoy. This spacious condo is packed with charm and the perfect place to call home. Easy to show.

Investor Tools

Property Icon
$464,000
Estimated Property Value
$215,627Estimated Mortgage Balance
$248,373Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,784 /month
Positive
Cash Flow Estimate:
$928 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$603/month
$580/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,916
$280,290
2025
$6,060
$274,230
$280,290
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,916
$280,290

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bokf Na
Conventional
$238,400
No
First
May 14, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$215,627
$271,373
55%
46%
$1,430/mo

City: Galveston