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$281,780

NAL Estimated Property Value

5515 Avenue Q 1/2, Galveston, TX, 77551

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths864 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$230.32 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating Floor/WallHeating Floor/Wall
AppliancesGas Oven, Microwave, Free-Standing Range, Dishwasher
FlooringLaminate

Exterior

Lot Size5,998 sqft

Building Information

Year Built1995
Stories1
Roof Type105
Garage Spaces4

Land Information

APN2965-0144-0005-000
Lot Number5,6
SubdivisionDenver Resurvey
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR LOTS 5 & 6 BLK 144 DENVER RESURVEY
Census Tract725400
Assessed Land Value$95,100
Assessed Improvement Value$186,680
Assessment Year2025

About this property

Quaint island home on TWO lots & CLOSE to the beach! This one bedroom, one bath home has wood laminate flooring, open floor plan, storm shutters, ceiling fans, and a large kitchen. Utility room in house. Formal living room and dinning room spacious with multiple windows + ceiling fans. The kitchen features lots of cabinets and good counter space to work. Family room opens to kitchen. Primary bedroom with two closets, primary bath w/shower. Loft area was added by owner years ago. Small stairs lead to loft area and it is not counted in square footage. Screened in back porch. Over-sized two car garage w/ bathroom + good sized shed. Grass yard on side of garage. Fenced and gated driveway open to porte-co-chere and garage + gutters. Covered front porch. This home is being sold as is. Priced accordingly. No repairs will be made. Per Seller-Home was rebuilt from studs in 2008.

Investor Tools

Property Icon
$281,780
Estimated Property Value
$129,515Estimated Mortgage Balance
$152,265Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,691 /month
Positive
Cash Flow Estimate:
$564 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$147/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$354
$281,780
2025
$95,100
$186,680
$281,780
No

Tax History

Year
Tax Paid
Assessed Value
2024
$354
$281,780

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
George M Lee
Commercial
$135,000
No
First
Feb 29, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$129,515
$152,265
54%
46%
$810/mo

City: Galveston

5515 Avenue Q 1/2 | Property Details | No Agent List