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$178,840

NAL Estimated Property Value

3506 Cove View Blvd Apt 506, Galveston, TX, 77554

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths732 Sq Ft
price_per_sqft$249.32 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Dishwasher

Exterior

Lot Size732 sqft

Building Information

Year Built1983
Stories1
Roof Type105

Land Information

APN5577-0000-0506-000
SubdivisionPalms At Cove View Condominiums (2008) A
Land UseResidential
Legal DescriptionPALMS AT COVE VIEW CONDOMINIUMS (2008) ABST 121, UNIT 506, 0.4467% COMMON AREA INTEREST
Census Tract725900
Assessed Land Value$6,380
Assessed Improvement Value$172,460
Assessment Year2025

About this property

Welcome to Palms at Cove View, located just steps from the Gulf of Mexico! This 2nd Floor 1/1 unit is offered FULLY FURNISHED and has been updated beautifully. This unit is an active short-term rental that would make for a great investment property. Recent upgrades include paint, flooring, and upgraded HVAC. The condo is centrally located, so you're never too far from all that Galveston has to offer. Trips to town, Moody Gardens, and the grocery store will be a breeze. The complex offers a pool, exercise room, and clubhouse. The unit is turnkey and ready for your enjoyment! Book your showing Today!

Investor Tools

Property Icon
$178,840
Estimated Property Value
$149,219Estimated Mortgage Balance
$29,621Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,095 /month
Positive
Cash Flow Estimate:
$365 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$361/month
$443/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,443
$178,840
2025
$6,380
$172,460
$178,840
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,443
$178,840

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Network Funding Lp
Conventional
$161,000
No
First
Jun 8, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$149,219
$29,621
16%
83%
$966/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Galveston

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