NOT LISTED FOR SALE

202 25th St Unit 406 Galveston, TX 77550

Downtown Galveston Neighborhood

Estimated Value: $657,000 - $711,000

3 Beds
2.5 Baths
2,300 Sq Ft
$302/Sq Ft Est. Value

Last Sold April 13, 2016

Current estimated payment $4,166/month

152 Days on Market

Highlights

  • Private Pool
  • Wood Flooring
  • Central Heating and Cooling System
  • Oppe Elementary School Rated A-
  • No HOA
  • 2-minute walk to Saengerfest Park

About This Home

As of April 2016

Among your friends be Entertainer of the Year while hosting guests during the Festivals of Dickens on The Strand, The Lone Star Rally, Madi Gras, The Wild Game Cook Off, Shrimp Festival and Art Walks. The Panama has a workout facility, outdoor swimming pool, and each unit has a storage space. There is also a wine celler available for each owner. An area downstairs is also available for owners to host a larger gathering if the need should araise. Private Parking is gated and 1 space is alloted for each owner. Basic Cable in HOA Fee

Property Details

Property Type

  • Timeshare

Est. Annual Taxes

  • $7,121

Year Built

  • Built in 1898

Lot Details

  • 2,309

Parking

  • Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 2,300 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wood Flooring

Kitchen

  • Microwave
  • Dishwasher
  • Trash Compactor

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2.5 Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Private Pool

Utilities

  • Central Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 558400000406000

Community Details

Overview

  • No Home Owners Association
  • Association Phone (713) 542-7509
  • Panama Lofts Condos
  • Panama Historic Condos Abst 628 Subdivision
  • Property managed by Panama HOA

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed
  • Pet Restriction

Building Details

  • Maintenance Expense $550

Property Details

Property Type

Timeshare

Est. Annual Taxes

$7,121

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Property Sub Type: Timeshare
  • Prop. Type: Residential
  • Subdivision Name: Panama Historic Condos (2006) Abst 628
  • Directions: I 45 South to Galveston Take Teichman Road Exit off causeway. Turn Left at Overpass and continue on Harborside Drive into the the Strand business district At 25th Street ( Rosenberg ) turn right. The Panama Lofts are right on the corner of 25th and Strand,
  • Building Name: Panama Lofts
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Year Built: 1898
  • NAV16_Elevator: Yes
  • NAV16_Alarm: No
  • NAV16_Mgt_Co_Phone: 713-542-7509
  • NAV16_Mgt_Co: Panama HOA
  • NAV16_Mntc_Fee_Per: Month
  • NAV16_Assigned_Prkg: No
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Appliances: Refrigerator, Microwave, Dishwasher, Trash Compactor, Washer, Dryer
  • Total Bedrooms: 3
  • Entry Location: Other
  • Flooring: Wood
  • Living Area: 2300
  • NAV16_Ttl_Baths: 2.5
  • Room Bedroom3 Area: 156
  • Room Bedroom2 Area: 252
  • Room Living Room Area: 462
  • Master Bedroom Master Bedroom Width: 18
  • Room Master Bedroom Area: 234
  • Room Dining Room Area: 294

Exterior Features

  • Pool Features: Swim Pool, Community
  • View: See Remarks
  • Construction Type: Brick
  • Exterior Features: Storage
  • Foundation Details: Slab
  • Roof: Tar/Gravel

Utilities

  • Cooling: Central Electric
  • Cooling Y N: Yes
  • Heating: Central Electric
  • Heating Yn: Yes
  • Utilities: Separate Meters

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Pet Restriction, Pets Allowed, Yes

Lot Info

  • Parcel #: 558400000406000
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Maintenance Expense: 550

Tax Info

  • Tax Annual Amount: 7120.77

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2015
Closed on
Apr 11, 2016
Sold by
Mallett Paul W and Mallett Diane
Bought by
Lancaster James and Lloyd Julie A
List Price
$395,000
Current Estimated Value
$663,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
3.64%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 22, 2011
Sold by
Dryden Frank R and Dryden Constance E
Bought by
Mallet Paul W and Mallet Diane

Purchase Details

Closed on
Aug 2, 2010
Sold by
Mallet Diane and Mallet Paul W
Bought by
Dryden Frank R and Dryden Constance E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
4.76%
Mortgage Type
Seller Take Back
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 Buyer Sale Price Title Company
Lancaster James -- Stewart Title
Mallet Paul W -- None Available
Dryden Frank R -- Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lancaster James $327,531
Closed Lancaster James $344,000
Closed Lancaster James $304,000
Previous Owner Dryden Frank R $390,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2016 04/13/16 Sold -- -- --
03/14/2016 03/14/16 Pending -- -- --
10/13/2015 10/13/15 For Sale $395,000 -- $172 / Sq Ft
Source: Galveston 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
2024 $6,023 $569,281 -- --
2023 $6,023 $517,528 $0 $0
2022 $9,485 $470,480 $19,550 $450,930
2021 $10,187 $450,350 $19,550 $430,800
2020 $9,943 $449,380 $19,550 $429,830
2019 $9,301 $377,160 $19,550 $357,610
2018 $9,333 $377,160 $19,550 $357,610
2017 $9,221 $377,160 $19,550 $357,610
2016 $6,968 $285,000 $19,550 $265,450
2015 $7,054 $285,000 $19,550 $265,450
2014 $7,121 $284,000 $19,550 $264,450
Source: Public Records

Map

Source: Galveston Association of REALTORS®

MLS Number: 20152912

APN: 5584-0000-0406-000

Texas Galveston County Galveston 77550 Downtown Galveston

202 25th St Unit 406, Galveston, TX

This home is located at 202 25th St Unit 406, Galveston, TX 77550 since 13 October 2015 and is currently estimated at $694,837, approximately $302 per square foot. This property was built in 1898. 202 25th St Unit 406 is a home located in Galveston County with nearby schools including Morgan Elementary Magnet School, Burnet STREAM Magnet School, and Parker Elementary School.

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