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NoAgentList RatingHow are grades calculated?Info

$401,290

5520 Ibis Dr, Galveston, TX, 77551

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,404 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$180.95 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Gas Oven, Microwave, Gas Cooktop, Gas Range, Dishwasher

Exterior

Lot Size8,015 sqft

Building Information

Year Built1970
Stories1
Roof Type105
Garage Spaces2

Land Information

APN6900-0000-0056-000
Lot Number56
SubdivisionSurfside
Land UseResidential
Legal DescriptionABST 628 PAGE 102 LOT 56 SURFSIDE SUB
Census Tract725500
Assessed Land Value$98,200
Assessed Improvement Value$303,090
Assessment Year2025

About this property

Ready to REST, NEST, or INVEST? This 5 bedroom & THREE FULL bath is unique in sq. footage, bedrooms and a PRIME location for short term rentals or a vacation home. Well worth the trip to take a look, this home is attractive inside and out and perfectly maintained and in walking distance to Galveston Beach. Be astounded by the generous, beautifully crafted kitchen with large island facing the spacious living and dining areas! There are not one, but TWO primary en-suites. Other notable qualities include tier 3 granite counter tops and a flex space off the front of the home to be used as a formal dining, gym, 2nd living space, or movie room (the opportunities are endless). Pleasure pier, Moody Gardens, tours of Galveston’s rich history, and beach day memories are just minutes away. Centrally located to grocery stores, shopping, and dining; this home is in pristine condition and won't last long! Contact Agent for a private showing today to see this Galveston gem.

Investor Tools

Property Icon
$401,290
Estimated Property Value
$25,322Estimated Mortgage Balance
$377,361Estimated Equity
94% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,610 /month
Positive
Cash Flow Estimate:
$870 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$540/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,473
$401,290
2025
$98,200
$303,090
$401,290
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,473
$401,290

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Network Funding Lp
Conventional
$25,322
No
First
May 15, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$23,929
$386,071
94%
6%
$152/mo

Learn About the Market: Opportunity in Texas

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Explore

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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5520 Ibis Dr | Property Details | No Agent List