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$205,000

NAL Estimated Property Value

7312 Seawall Boulevard 224, Galveston, TX, 77551

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths665 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$228.42 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 9Bathrooms Full 9
AppliancesElectric Oven, Microwave, Electric Range, Free-Standing Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer
FlooringLaminate, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Storage, Courtyard
Lot Size666 sqft

Building Information

Year Built1983
Stories1

Land Information

APN5585-0002-0224-000
SubdivisionPalms Condo
Land UseResidential
Legal DescriptionABST 121 HALL & JONES SUR UNIT 224 1.737% INT OF 1.268 ACRS & AMENITIES THE PALMS
Census Tract725600
Assessed Land Value$12,520
Assessed Improvement Value$187,480
Assessment Year2025

About this property

Looking for a Seawall condominium away from the vacation rental crowd? This boutique property may be just what you are looking for. Enjoy a cool dip in the private swimming pool, lounge on the sun deck, and grill your favorite summer meals poolside. During the fall and winter months, cuddle up in front of your own wood-burning fireplace. This turnkey 1 bedroom/1 bath condominium conveys fully furnished with a few exclusions. Hate lugging laundry to a common laundry room? No worries, this condo features a stacked washer/dryer in the condo! Enjoy your morning cup of energy on your own private balcony with views of the Gulf. Park in your assigned space in the restricted access, covered garage area, and store beach toys in your own outdoor storage closet. Whether you need a full-time residence or a part-time away, Palms Condominiums is a gem on the Seawall not to be missed!

Investor Tools

Property Icon
$205,000
Estimated Property Value
$112,824Estimated Mortgage Balance
$92,176Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,230 /month
Positive
Cash Flow Estimate:
$410 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$410/month
$384/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,894
$200,000
2025
$12,520
$187,480
$200,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,894
$200,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending Inc
Conventional
$126,225
No
First
Nov 9, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$112,824
$92,176
44%
55%
$757/mo

City: Galveston

7312 Seawall Boulevard 224 | Property Details | No Agent List