$295,000
SOLD FEB 28, 2025
Last list price
1 Bed
1 Bath
820 Sq Ft
$725/mo HOA Fee

Recently Sold

$360 Per Sq Ft

155 Days on Market

Highlights

  • Clubhouse
  • Wood Flooring
  • Home Gym
  • Oppe Elementary School Rated A-
  • Community Pool
  • 2-minute walk to Saengerfest Park

About This Home

As of February 2025

Lovely 1/1 corner unit in the Historic Panama Building! Situated on the corner of 25th and The Strand, The Panama Building offers owners controlled access, gated parking, a fitness room, lobby/entertaining area with bar, ice machine, and wine chiller, secured storage on main floor along with a personal wine cabinet, a sparkling pool and grilling area. If you love historic lofts, this furnished unit features original brick walls, soaring 14' ceilings, gorgeous pine floors, tons of windows providing natural light, an open living area and large bedroom with ensuite bath. Just a short stroll to the Port if you are taking a cruise and walking distance to tons of shopping and restaurants.

Last Agent to Sell the Property

Susanna Mayberry

RE/MAX Leading Edge License #0616427 Listed on: 08/23/2024

RE/MAX Leading Edge

Last Buyer's Agent

Martina Tomey

Nan & Company Properties License #0721663

Nan & Company Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,491

Year Built

  • Built in 1898

HOA Fees

  • $725 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 820 Sq Ft Home
  • Brick Wall or Ceiling
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Combination Kitchen and Dining Room
  • Utility Room
  • Stacked Washer and Dryer
  • Home Gym

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Parking

  • 1 Parking Space
  • Unassigned Parking
  • Controlled Entrance

Schools

  • Gisd Open Enroll Elementary And Middle School
  • Ball High School

Additional Features

  • Outdoor Storage
  • Central Heating and Cooling System

Community Details

Overview

  • Association fees include common area insurance, cable TV, ground maintenance, maintenance structure, recreation facilities, sewer, trash, water
  • Panama Condos Association
  • Panama Historic Condos
  • Panama Historic Condos 2006 Subdivision

Recreation

  • Community Pool
  • Park

Additional Features

  • Clubhouse
  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,491

Year Built

Built in 1898

Lot Details

0

HOA Fees

$725 per month

Listing Details

  • Directions: I45S to Broadway. Left on 25th (aka Rosenberg). The Panama Building sits on the corner of 25th and Strand (Right side).
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Year Built: 1898
  • Ownership: Full Ownership
  • Subdivision Name: Panama Historic Condos 2006
  • Entry Level: 3
  • New Construction: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Washer/Dryer Stacked, Dishwasher, Electric Oven, Electric Range, Disposal, Microwave, Washer, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile, Wood
  • Interior Amenities: Brick Walls, Tub Shower, Window Treatments, Ceiling Fan(s), Kitchen/Dining Combo
  • Living Area: 820.0
  • Dining Room Type: Kitchen, Living Room, Utility Room, Exercise Room
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: Seller Disclosure
  • Pool Private: No
  • Exterior Features: Storage

Garage/Parking

  • Park Building Name: PANAMA HISTORIC CONDOS
  • Parking Features: Controlled Entrance, Unassigned
  • Total Parking Spaces: 1.0

Utilities

  • Laundry Features: Electric Dryer Hookup, Stacked
  • Security: Key Card Entry
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Community Pool, Clubhouse
  • Amenities: Park, Trash
  • Association Fee: 725.0
  • Association Fee Frequency: Monthly
  • Association Name: Panama Condos

Fee Information

  • Association Fee Includes: Common Area Insurance, Cable TV, Maintenance Grounds, Maintenance Structure, Recreation Facilities, Sewer, Trash, Water

Schools

  • Elementary School: GISD OPEN ENROLL
  • Junior High Dist: 22 - Galveston
  • High School: BALL HIGH SCHOOL
  • Middle Or Junior School: GISD OPEN ENROLL

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5491.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2021
Closed on
Dec 28, 2021
Sold by
Shannon Nancy C
Bought by
Melder Pat M
Seller's Agent
Toni Vacker
Corcoran Prestige Realty
Buyer's Agent
Jackie Greer
Berkshire Hathaway Home Services
List Price
$295,000
Current Estimated Value
$265,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.94%
Original Mortgage
$90,000
Outstanding Balance
$82,946
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$182,391

Purchase Details

Closed on
Apr 24, 2006
Sold by
Panama Venture Ltd
Bought by
Shannon Nancy C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
6.33%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Vendors Lien -- South Land Title Llc
Vendors Lien -- Stewart Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $90,000 New Conventional
Previous Owner $112,500 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2025 02/28/25 Sold -- -- --
01/25/2025 01/25/25 Pending -- -- --
01/03/2025 01/03/25 For Sale $295,000 0.0% $360 / Sq Ft
12/06/2024 12/06/24 Off Market -- -- --
11/07/2024 11/07/24 Price Changed $295,000 -4.8% $360 / Sq Ft
09/22/2024 09/22/24 Price Changed $310,000 -1.6% $378 / Sq Ft
08/23/2024 08/23/24 For Sale $315,000 +6.8% $384 / Sq Ft
12/29/2021 12/29/21 Sold -- -- -- View Prior Sale
11/29/2021 11/29/21 Pending -- -- --
11/06/2021 11/06/21 For Sale $295,000 0.0% $360 / Sq Ft
12/30/2020 12/30/20 Rented $1,799 -10.0% --
11/30/2020 11/30/20 Under Contract -- -- --
08/29/2020 08/29/20 For Rent $1,999 -- --
Source: Houston Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,100 $272,040 $6,970 $265,070
2024 $3,100 $317,230 $6,970 $310,260
2023 $3,100 $314,193 $0 $0
2022 $5,759 $285,630 $6,970 $278,660
2021 $4,674 $206,630 $6,970 $199,660
2020 $4,941 $206,170 $6,970 $199,200
2019 $3,316 $134,470 $6,970 $127,500
2018 $3,328 $134,470 $6,970 $127,500
2017 $3,288 $134,470 $6,970 $127,500
2016 $3,287 $134,460 $6,970 $127,490
2015 $3,328 $134,460 $6,970 $127,490
2014 $3,212 $128,090 $6,970 $121,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Houston Association of REALTORS®

MLS Number: 88191479

Houston Association of REALTORS®

APN: 5584-0000-0301-000