NOT LISTED FOR SALE

Estimated Value: $416,000

2 Beds
1 Bath
1,424 Sq Ft
$292/Sq Ft Est. Value

Last Sold December 08, 2023

Current estimated payment $2,549/month

193 Days on Market

Highlights

  • Window Unit Cooling System
  • Oppe Elementary School Rated A-
  • 1-minute walk to Wright Cuney Park

About This Home

As of December 2023

This 2-unit property is located with easy access off 40th Street. Great convenience to all parts of Galveston for the tenants. Two buildings. One occupied. One vacant. Bldg. in the rear needs to be fully renovated. Front bldg is a great rental property but does need some updates. Owner does not have lease documents. Buyer would need to re-sign tenant to new lease, continue month-to-month, or re-tenant the property.

This rental is part of a portfolio that is available. The properties in the portfolio in Galveston are as follows:
• 701 28th Street – 4 units / 1 bldg
• 2810 Winnie (aka - Ave. G) – 2 units / 1 bldg.
• 2721 Avenue K – 3 units – 1 bldg.
• 1512 41st St and 4027 Ave. N – 3 units / 2 bldgs.
• 4007 and 4009 Ball Street – 2 units / 2 bldgs.
• 814 35th Street – 2 units / 1 bldg.
• 2813 Ball Street – 1 unit

Total of 17 units. They are all listed separately on the MLS, but available to be grouped together as well.

Last Agent to Sell the Property

Russ Gressett

Russ Gressett License #0393769 Listed on: 05/03/2023

Last Buyer's Agent

Kennye Miller

Keller Williams Preferred License #0634553

Keller Williams Preferred

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,508

Year Built

  • Built in 1950

Lot Details

  • 5,568

Home Design

  • Composition Roof

Interior Spaces

  • 1,424 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

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

Additional Features

  • 5,568 Sq Ft Lot
  • Window Unit Cooling System

Community Details

  • Galveston Townsite Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,508

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Directions: North on 40th Street from Broadway to Ball Street. West on Ball Street to property on s/s of Ball Street.
  • Property Sub Type: Detached
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1950
  • Subdivision Name: Galveston Townsite
  • Unit Levels: Two
  • New Construction: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1424.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: None, Seller Disclosure
  • Roof: Composition

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other

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: 2022
  • Tax Annual Amount: 6508.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2024
Sold by
Leal Elisandro Rafael
Bought by
Leal Family Investments Llc
Current Estimated Value
$416,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Outstanding Balance
$359,072
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$56,928

Purchase Details

Listed on
May 3, 2023
Closed on
Dec 8, 2023
Sold by
Watson Lonnie C
Bought by
Leal Elisandro Rafael
Seller's Agent
Russ Gressett
Russ Gressett
Buyer's Agent
Kennye Miller
Keller Williams Preferred
List Price
$331,900
Views
211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
55.35%
Original Mortgage
$250,000
Interest Rate
7.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2007
Sold by
Woodard Elton E and Deyon Edna
Bought by
Watson Lonnie C
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
Leal Family Investments Llc -- Alamo Title Company
Leal Family Investments Llc -- Alamo Title Company
Leal Elisandro Rafael -- Alamo Title Company
Watson Lonnie C -- Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leal Family Investments Llc $360,000
Closed Leal Family Investments Llc $360,000
Previous Owner Leal Elisandro Rafael $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2023 12/08/23 Sold -- -- --
11/13/2023 11/13/23 Pending -- -- --
10/31/2023 10/31/23 Price Changed $195,000 -41.2% $137 / Sq Ft
05/03/2023 05/03/23 For Sale $331,900 -- $233 / 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
2024 $3,383 $349,320 $80,240 $269,080
2023 $3,383 $486,320 $12,530 $473,790
2022 $6,508 $322,810 $12,530 $310,280
2021 $5,723 $252,990 $12,530 $240,460
2020 $4,699 $196,050 $12,530 $183,520
2019 $2,450 $99,340 $12,530 $86,810
2018 $2,017 $81,520 $12,530 $68,990
2017 $1,993 $81,520 $12,530 $68,990
2016 $1,992 $81,490 $12,530 $68,960
2015 $1,312 $52,990 $8,350 $44,640
2014 $1,277 $50,930 $8,350 $42,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Houston Association of REALTORS®

MLS Number: 58141763

Houston Association of REALTORS®

APN: 3505-0280-0005-001