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$950,000

Beds
2
Baths
2.5
sq ft
1,712

1020 Seawall Blvd, Galveston, TX 77550

1020 Seawall Blvd

Galveston, TX 77550

  • 39 days on market
Location. Location. Location. This flexible-use building is right in the middle of all of the surging development happening at the East End of the Seawall. This is the ideal property to live and work. Or add to your passive income portfolio with short-term rentals, long-term rentals - the possibilities are limitless. Newly renovated, this building is basically move-in ready and is awaiting your personal touches to make it your own, thriving Seawall location! With a robust daily traffic count, you are front row and center to the best beach views, plus your visibility to thousands of tourists is priceless. The upstairs 2/2 residence offers expansive Gulf views from every window with a balcony to enjoy the saltwater breezes. Downstairs is the perfect location for a retail business. Right-of-way parking spaces also help in attracting drive-by business. There are not many places left on the Seawall to purchase, especially in such a vibrant, improving neighborhood. New roof in 2024.

Details

Property type

Single Family Residence

Lot size

1,965 sq ft

Price per sq ft

$555

Year built

1972

Annual property taxes

$3,027

Price History

10/21/2024
Houston

Houston #91658394

Price change
$950,000
10/10/2024
Houston

Houston #95300896

Removed
10/10/2024
Houston

Houston #91658394

Listed
$849,500
-5.51%

Schools & Community

Elementary school: 

GISD OPEN ENROLL

Middle school: 

GISD OPEN ENROLL

High school: 

BALL HIGH SCHOOL

School district: 

Galveston

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$863,253
Asking price
$950,000
Closing costs (~8% of asking)
-$76,000
Est. remaining loan balance
-$10,747
Cash to seller
$863,253

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Kevin Richard Perry Etux

Loan start date

September 2016

Original loan amount

$52,500

Est. remaining balance

$10,747

Interest rate

2.78%

Loan type

Not Provided, 10 year

Seller

Albert J Wallace Jr

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/19/2024 at 9:20 AM

Listing updated: 11/05/2024 at 7:08 AM

Listed by: Hudson Holmes, Joe Tramonte Realty, Inc. Phone #: (409) 765-9837

MLS: Houston #91658394

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