NOT LISTED FOR SALE

Estimated Value: $355,965 - $425,000

2 Beds
2 Baths
1,213 Sq Ft
$325/Sq Ft Est. Value

Last Sold March 26, 2014

Current estimated payment $2,362/month

31 Days on Market

Highlights

  • Deck
  • No HOA
  • Tile Flooring
  • Oppe Elementary School Rated A-
  • Patio
  • Central Heating and Cooling System

About This Home

As of March 2014

Sophisticated New York style condo in the heart of Galveston's vibrant art and theatre district. This spacious light filled unit features 14 foot ceilings, spectacular views and beautiful finishes. Located within the historic Galveston Electric Co. building, this property is near Galveston's finest shops, dining and entertainment. 2 assigned parking spaces.

Property Details

Property Type

  • Timeshare

Est. Annual Taxes

  • $4,475

Year Built

  • Built in 1917

Lot Details

  • 2,091

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 1,213 Sq Ft Home
  • 3-Story Property
  • Elevator

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • Garage
  • Assigned Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Central Heating and Cooling System

Community Details

Overview

  • No Home Owners Association
  • Association Phone (713) 662-3150
  • Galveston Electric Condos
  • Galveston Electric Co Lofts Abst 628 Subdivision
  • Property managed by Galveston Electric Co Lofts

Building Details

  • Maintenance Expense $612

Property Details

Property Type

Timeshare

Est. Annual Taxes

$4,475

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Sub Type: Timeshare
  • Prop. Type: Residential
  • Subdivision Name: Galveston Electric Co Lofts (2006) Abst 628
  • Directions: From Broadway, left on 21stt and left on Church.
  • Building Name: Galveston Electric
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Year Built: 1917
  • NAV16_Elevator: Yes
  • NAV16_Alarm: N/A
  • NAV16_Mgt_Co_Phone: 713-662-3150
  • NAV16_Mgt_Co: Galveston Electric Co Lofts
  • NAV16_Mntc_Fee_Per: Month
  • NAV16_Assigned_Prkg: Yes
  • Special Features: None

Interior Features

  • Total Bedrooms: 2
  • Entry Location: Third Floor
  • Flooring: Tile, Laminate
  • Interior Amenities: Elevator
  • Living Area: 1213
  • NAV16_Ttl_Baths: 2
  • Room Bedroom2 Area: 132
  • Room Living Room Area: 406
  • Room Kitchen Area: 90
  • Master Bedroom Master Bedroom Width: 11
  • Room Master Bedroom Area: 154

Exterior Features

  • View: No
  • Construction Type: Brick, Wood Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Patio, Deck
  • Roof: Other

Utilities

  • Cooling: Central Electric
  • Cooling Y N: Yes
  • Heating: Central Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Maintenance Expense: 612

Tax Info

  • Tax Annual Amount: 4475

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2020
Sold by
Thompson John M and Thompson Frances Mae
Bought by
Loftin Michael William
Current Estimated Value
$395,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,400
Outstanding Balance
$280,411
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$114,330

Purchase Details

Listed on
Jan 23, 2014
Closed on
Mar 26, 2014
Sold by
Geibel Eric Tucker and Geibel Holland Creson
Bought by
Thompson John M and Thompson Frances Mae
List Price
$259,000

Purchase Details

Closed on
Sep 15, 2005
Sold by
Church Street Partners Ltd
Bought by
Geibel Eric Tucker and Geibel Holland Creson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.8%
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
Loftin Michael William -- South Land Title Llc
Thompson John M -- South Land Title Llc
Geibel Eric Tucker -- Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loftin Michael William $315,400
Previous Owner Geibel Eric Tucker $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2014 03/26/14 Sold -- -- --
02/24/2014 02/24/14 Pending -- -- --
01/23/2014 01/23/14 For Sale $259,000 -- $214 / 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 $2,652 $331,420 $20,860 $310,560
2024 $2,652 $341,220 $20,860 $320,360
2023 $2,652 $321,908 $0 $0
2022 $5,900 $292,644 $0 $0
2021 $6,018 $266,040 $20,860 $245,180
2020 $5,864 $262,040 $20,860 $241,180
2019 $5,485 $253,880 $20,860 $233,020
2018 $5,004 $202,200 $20,860 $181,340
2017 $4,944 $202,200 $20,860 $181,340
2016 $4,944 $202,204 $20,864 $181,340
2015 $3,158 $202,204 $20,864 $181,340
2014 $4,377 $174,584 $20,864 $153,720
Source: Public Records

Map

Source: Galveston Association of REALTORS®

MLS Number: 20140252

APN: 3508-0000-0003-200