NOT LISTED FOR SALE

7312 Seawall Blvd Unit 201 Galveston, TX 77551

Lake Madeline Neighborhood

Estimated Value: $333,322 - $402,000

2 Beds
2 Baths
1,145 Sq Ft
$982/mo HOA Fee

Last Sold October 10, 2024

Current estimated payment $3,495/month

30 Days on Market

Highlights

  • Beach View
  • Heated In Ground Pool
  • Mediterranean Architecture
  • Oppe Elementary School Rated A-
  • Gated Community
  • Granite Countertops

About This Home

As of October 2024

Spectacular ocean views from every room in this top floor 2bed 2bath condo at The Palms. Updated in 2019 with new appliances, tile floors, lighting, paint, and A/C. Wood burning fireplace, storm shutters, walk-in closets, and large decked attic. Enjoy the beach lifestyle with community pool, BBQ pits, and beach access. Two assigned parking spaces, storage unit, and guest parking. No short term rentals allowed, max of two pets. Perfect for a family getaway or full-time residence. Live across from Babe's Beach and the Seawall. Don't miss out on this gem in Galveston's best-kept secret!

Last Agent to Sell the Property

Richard Pearce

RealtyWalk License #0610162 Listed on: 08/22/2024

Last Buyer's Agent

Mark Coyle

RE/MAX Leading Edge License #0711361

RE/MAX Leading Edge

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,239

Year Built

  • Built in 1983

Lot Details

  • Fenced Yard
  • Sprinkler System

HOA Fees

  • $982 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Electric Gate
  • Additional Parking

Home Design

  • Mediterranean Architecture
  • Tile Roof
  • Cement Siding
  • Stucco

Interior Spaces

  • 1,145 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Combination Dining and Living Room
  • Utility Room
  • Tile Flooring
  • Beach Views
  • Security Gate

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in Utility Room
  • Stacked Washer and Dryer

Outdoor Features

  • Heated In Ground Pool
  • Balcony
  • Outdoor Storage

Schools

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

Additional Features

  • ENERGY STAR Qualified Appliances
  • Central Heating and Cooling System

Community Details

Overview

  • Association fees include insurance, ground maintenance, maintenance structure, recreation facilities, sewer, water
  • Midtown Management Corporation Association
  • Palms Condo Subdivision

Recreation

  • Community Pool

Pet Policy

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

Security

  • Controlled Access
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,239

Year Built

Built in 1983

Lot Details

0

HOA Fees

$982 per month

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Year Built: 1983
  • Road Surface Type: Concrete
  • Ownership: Full Ownership
  • Subdivision Name: Palms Condo
  • Architectural Style: Mediterranean
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Efficiency: Appliances
  • Property Sub Type Additional: Condominium
  • UniversalParcelId: urn:reso:upi:2.0:US:48167:5585-0001-0201-000
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Washer/Dryer Stacked, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Free-Standing Range, Disposal, Microwave, Oven, Washer, ENERGY STAR Qualified Appliances, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Tile
  • Interior Amenities: Granite Counters, Pantry, Tub Shower, Ceiling Fan(s), Living/Dining Room
  • Living Area: 1145.0
  • Dining Room Type: Living Room, Utility Room
  • Stories: 2
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: Seller Disclosure
  • Exclusions: none
  • Roof: Tile
  • Pool Features: Heated, In Ground
  • Pool Private: No
  • View: Beach
  • View: Yes
  • Construction Type: Cement Siding, Stucco
  • Exterior Features: Balcony, Fence, Sprinkler/Irrigation, Storage
  • Patio And Porch Features: Balcony

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Additional Parking, Assigned, Underground, Electric Gate, Garage

Utilities

  • Laundry Features: Laundry in Utility Room, Electric Dryer Hookup, Stacked
  • Security: Security Gate, Controlled Access, Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Community Pool
  • Amenities: Gated
  • Association Fee: 982.0
  • Association Fee Frequency: Monthly
  • Association Name: Midtown Management Corporation
  • Pets Allowed: Pet Restrictions

Fee Information

  • Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Other, Recreation Facilities, Sewer, Water

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: 6239.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2024
Closed on
Oct 10, 2024
Sold by
Pearce Richard
Bought by
Wiley Family Living Trust and Wiley
Seller's Agent
Richard Pearce
RealtyWalk
Buyer's Agent
Mark Coyle
RE/MAX Leading Edge
List Price
$435,000
Views
11
Current Estimated Value
$366,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.50%

Purchase Details

Listed on
May 6, 2014
Closed on
Jul 28, 2014
Sold by
Schulz Adolf and Schulz Theresa
Bought by
Lyday Sandra
Seller's Agent
Jim Rosenfeld
Martha Turner Sotheby's International Realty
Buyer's Agent
Richard Pearce
RealtyWalk
List Price
$229,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.19%

Purchase Details

Closed on
Apr 17, 2000
Sold by
Dwoskin Benjamin I and Dwoskin Maureen S
Bought by
Schulz Adolf and Schulz Theresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,600
Interest Rate
8.24%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wiley Family Living Trust -- None Listed On Document
Lyday Sandra -- None Available
Schulz Adolf -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schulz Adolf $93,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2024 10/10/24 Sold -- -- --
09/21/2024 09/21/24 Pending -- -- --
09/05/2024 09/05/24 Price Changed $425,000 -2.3% $371 / Sq Ft
08/22/2024 08/22/24 For Sale $435,000 +90.0% $380 / Sq Ft
07/28/2014 07/28/14 Sold -- -- -- View Prior Sale
06/28/2014 06/28/14 Pending -- -- --
05/06/2014 05/06/14 For Sale $229,000 -- $200 / 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
2025 $6,961 $383,570 $21,480 $362,090
2024 $6,961 $402,200 $21,480 $380,720
2023 $6,961 $356,990 $21,480 $335,510
2022 $6,875 $341,020 $21,480 $319,540
2021 $6,509 $287,760 $21,480 $266,280
2020 $6,428 $268,230 $21,480 $246,750
2019 $5,236 $212,320 $21,480 $190,840
2018 $5,254 $212,320 $21,480 $190,840
2017 $4,444 $181,780 $21,480 $160,300
2016 $4,431 $181,250 $21,480 $159,770
2015 $4,486 $181,250 $21,480 $159,770
2014 $4,545 $181,250 $21,480 $159,770
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2024

    Richard Pearce

    RealtyWalk

    (713) 817-6114

    4 in this area

    25 Total Sales

    Richard Pearce
    Section Image
  • Mark Coyle

    Buyer's Agent in 2024

    Mark Coyle

    RE/MAX Leading Edge

    (409) 744-3300

    20 in this area

    102 Total Sales

    Mark Coyle
    Section Image
  • Jim Rosenfeld

    Seller's Agent in 2014

    Jim Rosenfeld

    Martha Turner Sotheby's International Realty

    (713) 854-1303

    1 in this area

    48 Total Sales

    Jim Rosenfeld
    Section Image
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Map

Source: Houston Association of REALTORS®

MLS Number: 66876054

Houston Association of REALTORS®

APN: 5585-0001-0201-000

Texas Galveston County Galveston 77551 Lake Madeline

7312 Seawall Blvd Unit 201, Galveston, TX

Not Listed for Sale

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