NOT LISTED FOR SALE

Estimated Value: $270,000 - $285,000

1 Bed
1 Bath
820 Sq Ft
$339/Sq Ft Est. Value

Highlights

  • Private Pool
  • The property is located in a historic district
  • Furnished
  • Oppe Elementary School Rated A-
  • Wood Flooring
  • 2-minute walk to Saengerfest Park

About This Home

As of April 2015

CHARMING 1X1 FURNISHED CONDO IN THE HISTORIC PANAMA HOTEL-DESIGNED W/ YOU IN MIND. THIS UNIQUE SPACIOUS HOME INCLUDES: ABUNDANT AIRY WINDOWS, WOOD FLOORS, GRANITE COUNTERTOPS, ACCENT BRICK WALLS, SMALL VERANDA OVERLOOKING THE TROPICAL SWIMMING POOL, STANILESS APPLIANCES, WASHER/DRYER, CONTROLLED ACCESS AND GATED COMMUNITY. THE GLAMEROUS VESTIBULE W/ GRANITE BREAKFAST BAR IS GREAT FOR ENTERTAINING. AMENITIES INCLUDE WINE CELLAR, FITENSS CENTER CLIMATE CONTROLLED STORAGE AND SPARKING POOL.

Property Details

Property Type

  • Timeshare

Est. Annual Taxes

  • $3,100

Year Built

  • 1898

Lot Details

  • 828

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 820 Sq Ft Home
  • Elevator
  • Furnished
  • Ceiling Fan
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Assigned Parking

Outdoor Features

  • Private Pool
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Electricity Not Available

Additional Features

  • Energy-Efficient Thermostat
  • The property is located in a historic district

Listing and Financial Details

  • Security Deposit $1,799
  • Property Available on 1/1/15
  • 12 Month Lease Term
  • $3 Application Fee
  • Assessor Parcel Number 558400000301000

Community Details

Overview

  • Association Phone (409) 740-1600
  • Panama Lofts Condos
  • Panama Historic Condos Abst 628 Subdivision
  • Property managed by Ryson Property Management

Recreation

  • Community Pool

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Property Type

Timeshare

Est. Annual Taxes

$3,100

Year Built

1898

Lot Details

0

Rental Info

  • Available Date: 2015-01-01

Listing Details

  • Property Sub Type: Timeshare
  • Prop. Type: Residential Lease
  • Subdivision Name: Panama Historic Condos (2006) Abst 628
  • Directions: I45 SOUTH TO GALVESTON, EXIT HARBORSIDE AND TURN LEFT, CONTINUE DOWN HARBORSIDE TO ROSENBERG TURN RIGHT, THE PANAMA LOFTS ARE ON THE CORNER OF STRAND AND ROSENBERG ACROSS THE STREET FROM THE RAILROAD MUSEUM
  • Building Name: Panama Lofts
  • Garage Yn: Yes
  • Unit Levels: Other
  • Efficiency: Thermostat, Energy Star Appliacnes
  • NAV16_Elevator: Yes
  • NAV16_Alarm: No
  • NAV16_Rntl_Term: 1 Year
  • NAV16_Mgt_Co_Phone: 409-740-1600
  • NAV16_Cable_TV: No
  • NAV16_App_Fee: 3
  • NAV16_Mgt_Co: Ryson Property Management
  • NAV16_Util_Incl: No
  • NAV16_GasYN: No
  • NAV16_Scrty_Dep: 1799
  • NAV16_Pool_Svcs: No
  • NAV16_Assigned_Prkg: Yes
  • NAV16_Trash_Collection: No
  • Special Features: None
  • Year Built: 1898

Interior Features

  • Furnished: Furnished
  • Appliances: Range/Cooktop, Refrigerator, Microwave, Disposal, Washer, Dryer
  • Total Bedrooms: 1
  • Entry Location: Third Floor
  • Flooring: Wood
  • Interior Amenities: Furniture Remain/Inv, Ceiling Fan(s)
  • Living Area: 820
  • NAV16_Ttl_Baths: 1
  • Room Living Room Area: 192
  • Master Bedroom Master Bedroom Width: 13
  • Room Master Bedroom Area: 104

Exterior Features

  • Lot Features: Historic District
  • Pool Features: Outdoor Pool, Community
  • View: No
  • Construction Type: Brick
  • Exterior Features: Balcony

Utilities

  • Cooling: Central Electric, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central Electric
  • Heating Yn: Yes
  • Electricity On Property: No

Condo/Co-op/Association

  • Pets Allowed: Case by Case

Lot Info

  • Parcel #: 558400000301000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2021
Sold by
Shannon Nancy C
Bought by
Melder Pat M
Current Estimated Value
$277,577

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Outstanding Balance
$82,946
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$194,257

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
Not Available
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
Melder Pat M -- South Land Title Llc
Shannon Nancy C -- Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Melder Pat M $90,000
Previous Owner Shannon Nancy C $112,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2015 04/29/15 Rented -- -- --
03/30/2015 03/30/15 Under Contract -- -- --
12/24/2014 12/24/14 For Rent -- -- --
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 $3,100 $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

Map

Source: Galveston Association of REALTORS®

MLS Number: 20143677

APN: 5584-0000-0301-000