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$178,840

NAL Estimated Property Value

3506 Cove View Blvd Apt 809, Galveston, TX, 77554

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths732 Sq Ft
price_per_sqft$234.29 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher, Washer/Dryer, Refrigerator
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesExercise Room
Lot Size732 sqft

Building Information

Year Built1983
Stories1
Roof Type105
Garage Spaces2

Land Information

APN5577-0000-0809-000
SubdivisionPalms At Cove View Condominiums (2008) A
Land UseResidential
Legal DescriptionPALMS AT COVE VIEW CONDOMINIUMS (2008) ABST 121, UNIT 809, 0.4467% COMMON AREA INTEREST
Census Tract725900
Assessed Land Value$6,380
Assessed Improvement Value$172,460
Assessment Year2025

About this property

The Palms at Cove View is PET FRIENDLY and allows SHORT TERM VACATION RENTALS. This can be your primary residence, home away from home, or an investment. 2022 UPDATES include: new vinyl laminate flooring throughout the first level, new carpet on the stairs & in the bedroom, fresh paint all throughout, and new Wainscot paneling at the entrance. NEW ROOF and FENCE: the HOA replaced the roof March 2022 & fence April 2022 on the parking side for building 8. The new white fence was installed in the back by this unit's TWO CAR GARAGE. The open living/dining areas are near the kitchen on the first level with easy access to the private patio and two entrances. Enjoy the breeze in the warmer seasons and wood burning fireplace in the cooler seasons. The second level has a spacious bedroom, walk-closet, laundry room with a full sized washer/dryer, and bathroom. Amenities include: pool, sun deck, fitness room, gazebo, and community grill. Call for more information and to schedule your appointment.

Investor Tools

Property Icon
$178,840
Estimated Property Value
$93,683Estimated Mortgage Balance
$85,157Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,073 /month
Positive
Cash Flow Estimate:
$358 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$365/month
$443/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,491
$178,840
2025
$6,380
$172,460
$178,840
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,491
$178,840

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Veritex Community Bank
Conventional
$100,000
No
First
Aug 3, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$93,683
$85,157
47%
52%
$514/mo

City: Galveston