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$255,000

NAL Estimated Property Value

5023 Avenue P 1/2, Galveston, TX, 77551

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,370 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$197.08 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating Floor/WallHeating Floor/Wall
AppliancesGas Oven, Microwave, Gas Cooktop, Dishwasher, Dryer, Refrigerator, Washer
FlooringTile, Vinyl, Wood

Exterior

Lot Size4,787 sqft

Building Information

Year Built1955
Stories1
Roof Type115

Land Information

APN2965-0127-0003-000
Lot Number3
SubdivisionDenver Resurvey
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR LOT 3 & W 14.85 FT OF LOT 4 BLK 127 DENVER RESURVEY
Census Tract725400
Assessed Land Value$79,580
Assessed Improvement Value$202,080
Assessment Year2025

About this property

Charming craftsman-style Galveston home with great updates and character! This 3–4 bedroom, 2-bath home offers 1,370 SF of living space with refinished original hardwood floors, fresh paint, ornate moldings, central HVAC, and newly installed hurricane-rated windows. The remodeled open-concept kitchen features granite counters, a timeless subway tile backsplash, recessed lighting, solid wood custom cabinetry with under-cabinet task lighting, and modern stainless steel appliances. The primary suite connects to a versatile bonus room—ideal as an office, nursery, second living area, or a 4th bedroom, complete with a closet. Also note the indoor utility room with a sink, washer & dryer included! Enjoy the fully fenced backyard with mature landscaping and a storage shed. Located in a desirable midtown neighborhood just 0.9 miles from the beach and close to great restaurants and shopping. This well-maintained home has NEVER FLOODED and blends modern upgrades with classic Galveston charm!

Investor Tools

Property Icon
$255,000
Estimated Property Value
$220,993Estimated Mortgage Balance
$34,007Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,620 /month
Positive
Cash Flow Estimate:
$540 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$187/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$968
$221,783
2025
$79,580
$202,080
$281,660
No

Tax History

Year
Tax Paid
Assessed Value
2024
$968
$221,783

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pennymac Loan Services Llc
Fha
$25,010
Yes
First
Sep 10, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$220,993
$40,007
15%
87%
$1,342/mo

City: Galveston

5023 Avenue P 1/2 | Property Details | No Agent List