$343,184 - $446,000
RENTED APR 1, 2025
2 Beds
2 Baths
1,112 Sq Ft
871 Sq Ft Lot

Last Sold March 26, 2021

Current estimated payment $2,535/month

Highlights

  • Contemporary Architecture
  • High Ceiling
  • 2 Car Detached Garage
  • Oppe Elementary School Rated A-
  • Fenced Yard
  • Family Room Off Kitchen

About This Home

As of April 2025

Galveston Electric Company (GEC) loft now available in historic downtown Galveston. This 2 bed/2 bath loft is within walking distance to everything downtown Galveston has to offer including restaurants, art galleries, coffee shops, shopping and the Mardi Gras parade route. This is a wonderful community (8 units total) in a beautiful 100+ year old building. This loft features 11’ interior ceiling heights, spacious bedrooms each with ensuite baths & walk in closets. Large windows are prevalent in all rooms providing city views and natural light. Renovations completed over the last 3 years include new laminate flooring, repainted interior, built in shelving in closets, remodeled kitchen (countertops, appliances, cabinetry) and bathroom upgrades. There is controlled access to an off-street parking area and unit 3C is assigned two parking spaces. The GEC does not allow short term rentals.

Last Agent to Rent the Property

Peter Van Borssum

Sand N Sea Properties, LLC License #0529303 Listed on: 08/09/2024

Last Renter's Agent

Terry Rizzo

Better Homes and Gardens Real Estate Gary Greene - Galveston License #0533655

Better Homes and Gardens Real Estate Gary Greene - Galveston

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,414

Year Built

  • Built in 1917

Lot Details

  • 871

Parking

  • 2 Car Detached Garage
  • 2 Detached Carport Spaces
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,112 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • Family Room Off Kitchen
  • Living Room
  • Combination Kitchen and Dining Room
  • Utility Room
  • Stacked Washer and Dryer
  • Laminate Flooring

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Central Heating and Cooling System
  • Programmable Thermostat
  • Municipal Trash
  • Cable TV Available

Additional Features

  • Energy-Efficient Thermostat
  • Fenced Yard

Listing and Financial Details

  • Property Available on 8/9/24
  • 12 Month Lease Term

Community Details

Overview

  • Gec Lofts Association
  • Galveston Electric Co Lofts Subdivision

Pet Policy

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

Condo Details

Home Type

Condominium

Est. Annual Taxes

$5,414

Year Built

Built in 1917

Lot Details

0

Parking

2

Rental Info

  • Lease Term: 12 Months
  • Available Date: 2024-08-09

Listing Details

  • Directions: Heading east on Seawall Blvd or Broadway, turn left on Moody Ave (21st Street), then turn right on Church St. Galveston Electric Company building is on your left, 2nd structure from corner.
  • Property Sub Type: Condominium
  • Prop. Type: Residential Lease
  • Building Stories: 1
  • Year Built: 1917
  • Road Surface Type: Asphalt
  • Subdivision Name: Galveston Electric Co Lofts
  • Architectural Style: Contemporary/Modern, Loft
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Efficiency: Thermostat
  • Property Sub Type Additional: Condominium,Townhouse
  • Pets No Pets Comments: PetDepositDescription:One time fee
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dryer, Washer/Dryer Stacked, Dishwasher, Electric Range, Microwave, Washer, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Laminate
  • Interior Amenities: Breakfast Bar, High Ceilings, Kitchen/Family Room Combo, Window Treatments, Ceiling Fan(s), Kitchen/Dining Combo, Programmable Thermostat
  • Living Area: 1112.0
  • Dining Room Type: Kitchen, Living Room, Utility Room
  • Stories: 3
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: Seller Disclosure
  • Lot Features: Other
  • Pool Private: No
  • Construction Type: Concrete
  • Exterior Features: Fence

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Assigned, Detached Carport, Detached, Garage

Utilities

  • Utilities: Cable Available, Sewer Available, Trash Collection, Water Available
  • Laundry Features: Electric Dryer Hookup, Stacked
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Name: GEC Lofts
  • Pets Allowed: Pet Deposit, Pet Restrictions

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2021
Closed on
Mar 25, 2021
Sold by
Wcrc Llc
Bought by
Tmb Real Estate Llc
Seller's Agent
Candi Stevens
RE/MAX Leading Edge
Buyer's Agent
Peter Van Borssum
Sand N Sea Properties, LLC
List Price
$325,000
Current Estimated Value
$391,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.13%
Original Mortgage
$512,000
Outstanding Balance
$460,775
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$89,497

Purchase Details

Closed on
Nov 18, 2008
Sold by
Chambers William M and Chambers Robin K
Bought by
Wcrc Llc

Purchase Details

Closed on
Jul 31, 2007
Sold by
Church Street Partners Ltd
Bought by
Chambers William Melvin and Chambers Robin Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.73%
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 Buyer Sale Price Title Company
Tmb Real Estate Llc -- Stewart Title 155
Wcrc Llc -- None Available
Chambers William Melvin -- Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tmb Real Estate Llc $288,000
Open Tmb Real Estate Llc $512,000
Previous Owner Chambers William Melvin $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 Rented $2,500 -7.4% --
03/03/2025 03/03/25 Under Contract -- -- --
12/20/2024 12/20/24 Price Changed $2,700 -8.5% $2 / Sq Ft
08/09/2024 08/09/24 For Rent $2,950 -7.8% --
05/01/2022 05/01/22 Rented $3,200 0.0% --
04/15/2022 04/15/22 Under Contract -- -- --
03/28/2022 03/28/22 For Rent $3,200 0.0% --
03/26/2021 03/26/21 Sold -- -- --
02/24/2021 02/24/21 Pending -- -- --
01/31/2021 01/31/21 For Sale $325,000 0.0% $292 / Sq Ft
09/20/2014 09/20/14 Rented -- -- --
08/21/2014 08/21/14 Under Contract -- -- --
07/24/2014 07/24/14 For Rent -- -- --
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 $5,414 $303,830 $19,130 $284,700
2024 $5,414 $312,820 $19,130 $293,690
2023 $5,414 $310,000 $19,130 $290,870
2022 $6,250 $310,000 $19,130 $290,870
2021 $5,517 $243,890 $19,130 $224,760
2020 $5,757 $240,230 $19,130 $221,100
2019 $5,740 $232,750 $19,130 $213,620
2018 $4,587 $185,370 $19,130 $166,240
2017 $4,532 $185,370 $19,130 $166,240
2016 $4,532 $185,366 $19,126 $166,240
2015 $4,588 $185,366 $19,126 $166,240
2014 $4,648 $185,366 $19,126 $166,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Houston Association of REALTORS®

MLS Number: 55627296

Houston Association of REALTORS®

APN: 3508-0000-0003-300