NOT LISTED FOR SALE

Estimated Value: $291,851 - $504,000

3 Beds
2 Baths
2,560 Sq Ft
$143/Sq Ft Est. Value

Last Sold October 06, 2023

Current estimated payment $2,373/month

26 Days on Market

Highlights

  • Traditional Architecture
  • Window Unit Cooling System
  • Central Heating
  • Oppe Elementary School Rated A-

About This Home

As of October 2023

If you are looking for a great investment opportunity in Galveston...this is it! Welcome to 5118 Avenue Q 1/2…this property is an investor’s dream. The two floors are two separate living areas. The main house is located on the second floor. There you will find a large open concept living area with plenty of natural light. There are 3 bedrooms and 2 bathrooms upstairs. Additionally, you will find living quarters downstairs. Both need some light renovating, but with some work the opportunities are endless. They could both be short-term rentals, long-term rentals or the house could be converted to a full-time residence with the extra income-generating dwelling downstairs.
Best of all…LOCATION! Right in the heart of Galveston, just blocks away from the Seawall. Local Hard Money Lender ready to assist with this project. Do not miss this opportunity and schedule your showing today!

Last Agent to Sell the Property

Flor Karina Botello

Coton House License #0758571 Listed on: 09/01/2023

Last Buyer's Agent

Megan Westerdahl

eXp Realty, LLC License #0637324

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,435

Year Built

  • Built in 1962

Lot Details

  • 4,500 Sq Ft Lot

Home Design

  • Traditional Architecture
  • Composition Roof

Interior Spaces

  • 2,560 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Heating System Uses Gas

Community Details

  • Denver Resurvey Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,435

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Directions: I-45 S, continue onto TX-87 N/Broadway Avenue J, turn right onto 53rd St, turn left onto Avenue Q 1/2.
  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Building Stories: 2
  • Year Built: 1962
  • Lot Size Acres: 0.1033
  • Subdivision Name: Denver Resurvey
  • Architectural Style: Traditional
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 2560.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: Seller Disclosure
  • Roof: Composition
  • Lot Features: Subdivision
  • Pool Private: No
  • Construction Type: Unknown
  • Foundation Details: Other

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Water Source: Public

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: 2023
  • Tax Annual Amount: 4435.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2023
Closed on
Oct 6, 2023
Sold by
Rosegate Capital Llc
Bought by
Heinlein Kevin R and Heinlein Jennifer C
Seller's Agent
Flor Karina Botello
Coton House
Buyer's Agent
Megan Westerdahl
eXp Realty, LLC
List Price
$224,900
Views
56
Current Estimated Value
$365,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.66%

Purchase Details

Closed on
Feb 7, 2017
Sold by
2016 H3p Llc
Bought by
Rosegate Capital Llc

Purchase Details

Closed on
May 21, 2015
Sold by
Fergeson Jerry A and Fergeson Marsha D
Bought by
H3p Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
3.68%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 27, 1999
Sold by
Worth Ouida R
Bought by
Fergeson Jerry A and Fergeson Marsha D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,250
Interest Rate
7.65%
Mortgage Type
Commercial
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
Heinlein Kevin R -- Southland Title
Rosegate Capital Llc $125,000 None Available
H3p Llc -- South Land Title Llc
Fergeson Jerry A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner H3p Llc $158,210
Previous Owner H3p Llc $140,000
Previous Owner Fergeson Jerry A $46,000
Previous Owner Fergeson Jerry A $47,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2023 10/06/23 Sold -- -- --
09/28/2023 09/28/23 Pending -- -- --
09/20/2023 09/20/23 For Sale $224,900 0.0% $88 / Sq Ft
09/14/2023 09/14/23 Pending -- -- --
09/01/2023 09/01/23 For Sale $224,900 -- $88 / 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 $4,601 $265,850 $75,600 $190,250
2023 $4,601 $220,000 $55,130 $164,870
2022 $3,937 $195,265 $55,130 $140,135
2021 $3,755 $166,000 $137,810 $28,190
2020 $2,880 $120,190 $18,560 $101,630
2019 $2,096 $85,000 $18,560 $66,440
2018 $2,103 $85,000 $18,560 $66,440
2017 $2,078 $85,000 $18,560 $66,440
2016 $1,834 $75,000 $18,560 $56,440
2015 $1,340 $54,160 $18,560 $35,600
2014 $1,358 $54,160 $18,560 $35,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Houston Association of REALTORS®

MLS Number: 42664004

Houston Association of REALTORS®

APN: 2965-0137-0020-000