NOT LISTED FOR SALE

Estimated Value: $408,000 - $442,000

2 Beds
2 Baths
1,394 Sq Ft
$600/mo HOA Fee

Last Sold May 20, 2021

Current estimated payment $3,469/month

12 Days on Market

Highlights

  • In Ground Pool
  • Gated Community
  • Wood Flooring
  • Oppe Elementary School Rated A-
  • Traditional Architecture
  • 2-minute walk to Saengerfest Park

About This Home

As of May 2021

A downtown gem! Located at the corner of 25th and Strand in the historic Panama building, this spacious condo is on the Mardi Gras parade route and is a short walking distance from all downtown Galveston has to offer--restaurants, boutiques, art galleries and more! Building amenities include beautiful, open foyer, elevator, workout facility, pool area, private storage and personal wine cabinet. Condo boasts wood floors, soaring ceilings, exposed brick, large master closet, jacuzzi bathtub, large windows and so much more! Don't miss out!

Last Agent to Sell the Property

Reid Allen Nelson

RE/MAX Leading Edge License #0722904 Listed on: 04/07/2021

RE/MAX Leading Edge

Last Buyer's Agent

Susanna Mayberry

RE/MAX Leading Edge License #0616427

RE/MAX Leading Edge

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,688

Year Built

  • Built in 1898

Lot Details

  • 1,307

HOA Fees

  • $600 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Electric Gate
  • Unassigned Parking
  • Controlled Entrance

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 1,394 Sq Ft Home
  • 4-Story Property
  • Brick Wall or Ceiling
  • High Ceiling
  • Ceiling Fan
  • Formal Entry
  • Family Room Off Kitchen
  • Living Room
  • Home Gym
  • Wood Flooring
  • Security Gate
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Pots and Pans Drawers
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Single Vanity
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower

Pool

  • In Ground Pool
  • Spa

Schools

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

Utilities

  • Central Heating and Cooling System
  • Programmable Thermostat

Additional Features

  • Energy-Efficient Thermostat
  • Outdoor Storage
  • Fenced Yard

Community Details

Overview

  • Association fees include ground maintenance, maintenance structure, recreation facilities
  • Zapp Realty Association
  • Built by Panama
  • Panama Historic Condos 2006 Subdivision

Recreation

  • Community Pool

Pet Policy

  • The building has rules on how big a pet can be within a unit

Security

  • Controlled Access
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,688

Year Built

Built in 1898

Lot Details

0

HOA Fees

$600 per month

Parking

1

Listing Details

  • Directions: Take I-45 and stay straight on Broadway to 24th St. Turn left and then turn left on Strand St. Panama building is on the South side of the street at the corner of Strand St. and 25th St.
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Building Stories: 4
  • Year Built: 1898
  • Ownership: Full Ownership
  • Subdivision Name: Panama Historic Condos 2006
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • New Construction: No
  • Efficiency: Thermostat
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 4

Interior Features

  • Appliances: Dryer, Washer/Dryer Stacked, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Disposal, Microwave, Washer, Refrigerator
  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Wood
  • Interior Amenities: Brick Walls, Entrance Foyer, Elevator, High Ceilings, Jetted Tub, Kitchen Island, Kitchen/Family Room Combo, Pots & Pan Drawers, Tub Shower, Vanity, Ceiling Fan(s), Programmable Thermostat
  • Living Area: 1394.0
  • Dining Room Type: Living Room, Exercise Room
  • Stories: 4
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Builder Name: Panama
  • Disclosures: Seller Disclosure
  • Roof: Composition
  • Pool Features: In Ground
  • Pool Private: Yes
  • Construction Type: Brick
  • Exterior Features: Fence, Hot Tub/Spa, Storage
  • Foundation Details: Other

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Controlled Entrance, Detached, Electric Gate, Garage, Paved, Unassigned

Utilities

  • Laundry Features: Stacked
  • Security: Security Gate, Controlled Access, Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Community Pool
  • Amenities: Gated
  • Association Fee: 600.0
  • Association Fee Frequency: Monthly
  • Association Name: Zapp Realty
  • Pets Allowed: Pet Restrictions

Fee Information

  • Association Fee Includes: Maintenance Grounds, Maintenance Structure, Recreation Facilities

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: 2020
  • Tax Annual Amount: 5688.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2022
Sold by
John Saunders
Bought by
Levingston Kathleen
Current Estimated Value
$427,463

Purchase Details

Closed on
Feb 2, 2007
Sold by
Vick Norman A
Bought by
Mccoy Jack D and Roetzel Mccoy Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 2005
Sold by
Trammell Harvey
Bought by
Vick Norman A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,976
Interest Rate
6.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 16, 2005
Sold by
Panama Venture Ltd
Bought by
Trammell Harvey E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,976
Interest Rate
6.25%
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 Buyer Sale Price Title Company
Levingston Kathleen -- Stewart Title
Mccoy Jack D -- Stewart Title Company
Vick Norman A -- Stewart Title Company
Trammell Harvey E -- Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mccoy Jack D $250,000
Previous Owner Trammell Harvey E $169,976
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2021 05/20/21 Sold -- -- --
04/20/2021 04/20/21 Pending -- -- --
04/07/2021 04/07/21 For Sale $334,000 -- $240 / Sq Ft
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 $7,227 $358,490 $11,850 $346,640
2024 $7,227 $417,580 $11,850 $405,730
2023 $7,227 $415,710 $11,850 $403,860
2022 $7,586 $376,260 $11,850 $364,410
2021 $6,174 $272,950 $11,850 $261,100
2020 $6,026 $272,350 $11,850 $260,500
2019 $5,637 $228,590 $11,850 $216,740
2018 $5,323 $228,590 $11,850 $216,740
2017 $4,781 $228,590 $11,850 $216,740
2016 $4,347 $228,589 $11,849 $216,740
2015 $2,354 $228,589 $11,849 $216,740
2014 $2,204 $146,927 $11,849 $135,078
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Houston Association of REALTORS®

MLS Number: 34071271

Houston Association of REALTORS®

APN: 5584-0000-0206-000