$205,000
SOLD JAN 20, 2016
Last list price
2 Beds
1 Bath
984 Sq Ft
1,176 Sq Ft Lot

Recently Sold

$208 Per Sq Ft

22 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 February 2020

The Panama, at the corner of The Strand and Rosenberg (25th), was originally a hotel for the railroad depot across the street--now the Railroad Museum. This beautiful loft has granite countertops and stainless appliances, as well as hardwoods, tile floors and lots of windows! The Panama has more amenities than any other downtown Galveston condo building, with controlled access parking directly behind the building, gym, extra storage for bikes, and a beautiful lobby and pool available for private parties. And basic cable is included in the HOA!

Property Details

Property Type

  • Timeshare

Est. Annual Taxes

  • $3,994

Year Built

  • Built in 1898

Parking

  • 1 Car Garage
  • No Garage
  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 984 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Ceiling Fan
  • Fire and Smoke Detector

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • Private Pool
  • Wrought Iron Fence
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 558400000203000

Community Details

Overview

  • No Home Owners Association
  • Association Phone (713) 398-2318
  • Panama Lofts Condos
  • Property managed by Panama HOA

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Building Details

  • Maintenance Expense $532

Property Details

Property Type

Timeshare

Est. Annual Taxes

$3,994

Year Built

Built in 1898

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Timeshare
  • Prop. Type: Residential
  • Directions: From Broadway heading east toward Stewart Beach, turn left on 24th. Turn left on Mechanic. Turn right on 25th (Rosenberg) and park on street for free. Building at corner of 25th and Strand. Building code keypad next to front door under porte cochere.
  • Building Name: Panama Lofts
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Year Built: 1898
  • NAV16_Elevator: Yes
  • NAV16_Alarm: N/A
  • NAV16_Mgt_Co_Phone: 713-398-2318
  • NAV16_Mgt_Co: Panama HOA
  • NAV16_Mntc_Fee_Per: Month
  • NAV16_Assigned_Prkg: Yes
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Appliances: Range/Cooktop, Refrigerator, Microwave, Disposal, Dishwasher, Washer, Dryer
  • Total Bedrooms: 2
  • Entry Location: Second Floor
  • Flooring: Wood, Carpet, Tile
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 984
  • NAV16_Ttl_Baths: 1
  • Room Bedroom2 Area: 150
  • Room Living Room Area: 140
  • Room Kitchen Area: 126
  • Master Bedroom Master Bedroom Width: 17
  • Room Master Bedroom Area: 221

Exterior Features

  • Fencing: Ornamental Iron
  • Pool Features: Swim Pool, Community
  • View: No
  • Construction Type: Brick
  • Exterior Features: Storage
  • Foundation Details: Slab
  • Roof: Tar/Gravel

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Garage (None)
  • Total Parking Spaces: 1

Utilities

  • Security: Fire Sprinkler System, Smoke Detector(s)
  • Cooling: Central Electric
  • Cooling Y N: Yes
  • Heating: Central Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Elevators
  • Association: No
  • Pets Allowed: Pets Allowed, Yes

Lot Info

  • Parcel #: 558400000203000
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Maintenance Expense: 532

Tax Info

  • Tax Annual Amount: 3994

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2015
Closed on
Jan 14, 2016
Sold by
Thomas Lawrence A and Thomas Patricia W
Bought by
Lewandowski Patricia G
List Price
$205,000
Current Estimated Value
$324,893

Purchase Details

Closed on
Aug 29, 2005
Sold by
Panama Venture Ltd
Bought by
Thomas Lawrence A and Thomas Patricia W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,500
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
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
Warranty Deed -- Stewart Title
Vendors Lien -- Stewart Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $197,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2020 02/18/20 Sold -- -- --
01/19/2020 01/19/20 Pending -- -- --
01/18/2020 01/18/20 For Sale $220,000 +7.3% $188 / Sq Ft
01/20/2016 01/20/16 Sold -- -- --
01/08/2016 01/08/16 Pending -- -- --
12/16/2015 12/16/15 For Sale $205,000 -- $208 / 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
2025 $3,057 $299,550 $8,360 $291,190
2024 $3,057 $282,838 -- --
2023 $3,057 $257,125 $0 $0
2022 $4,713 $233,750 $0 $0
2021 $5,150 $227,690 $8,360 $219,330
2020 $5,000 $227,190 $8,360 $218,830
2019 $4,696 $190,420 $8,360 $182,060
2018 $4,712 $190,420 $8,360 $182,060
2017 $4,656 $190,420 $8,360 $182,060
2016 $4,656 $190,434 $8,364 $182,070
2015 $3,994 $161,354 $8,364 $152,990
2014 $4,046 $161,354 $8,364 $152,990
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Galveston Association of REALTORS®

MLS Number: 20153397

APN: 5584-0000-0203-000