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$159,000

3506 Cove View Blvd Apt 1201, Galveston, TX, 77554

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths816 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$194.85 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Refrigerator, Dishwasher
FlooringTile, Vinyl

Exterior

Lot Size815 sqft

Building Information

Year Built1983
Stories1
Roof Type105

Land Information

APN5577-0000-1201-000
SubdivisionPalms At Cove View Condominiums (2008) A
Land UseResidential
Legal DescriptionPALMS AT COVE VIEW CONDOMINIUMS (2008) ABST 121, UNIT 1201, 0.4979% COMMON AREA INTEREST
Census Tract725900
Assessed Land Value$7,120
Assessed Improvement Value$157,880
Assessment Year2025

About this property

Nestled in the desirable Palms at Cove View community, this charming 2-bedroom, 1-bath condo offers comfortable coastal living just minutes from Galveston’s beaches. This first-level unit features an open living area with abundant natural light, laminate flooring, and a functional kitchen with breakfast bar. Enjoy the convenience of in-unit laundry and included appliances. The community offers a refreshing pool and well-maintained grounds, perfect for relaxing and enjoying the island lifestyle. Whether as a primary residence, vacation getaway, or investment opportunity, this inviting condo is a must-see.

Investor Tools

$273,870Estimated Mortgage Balance
$165,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$990 /month
Positive
Cash Flow Estimate:
$330 /month

Interested in this property?

Lynn Beardslee

JPAR - The Sears Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$393/month
$477/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,892
$165,000
2025
$7,120
$157,880
$165,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,892
$165,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$140,250
No
First
Jan 16, 2025
Feb 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$273,870
N/A
0%
166%
$1,682/mo

City: Galveston

3506 Cove View Blvd Apt 1201 | Property Details | No Agent List