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$1,250,000

Beds
2
Baths
2.5
sq ft
1,428

1020 Seawall Blvd, Galveston, TX 77550

1020 Seawall Blvd

Galveston, TX 77550

  • 261 days on market
    • Price drop $200,000↓
1020 Seawall offers the rare opportunity to live, work, and own a newly renovated, residential/commercial boutique property with a myriad of income producing potential strategically located front row in the veritable heartbeat of great beach, shopping, and tourist attractions of the Galveston's Seawall. Street level retail complete with large patio ideal for profitably catering to tourists for cart/surrey rentals, retail gifts and snack bar kitchen. Upstairs this cute 2/2 can be owner occupied or with view from every window and two amazing beach front balcony's be rented for short or long term income. The area is booming with new Hotel Lucine and upcoming Margaritaville Venue plus so much more. In short, location, location location- Live and Work, Live and Rent, Rent and Work, or simply Have Fun and Play- the choice is yours. Simply put, 1020 Seawall is in a great place, has great space and with all the cash flow potential and flexibility rarely found in one “Right Sized” package.

Details

Property type

Single Family Residence

Lot size

1,965 sq ft

Price per sq ft

$876

Year built

1972

Annual property taxes

$3,492

Price History

05/22/2024
Houston

Houston #58536902

Price change
$1,250,000
-13.79%
04/15/2024
Houston

Houston #58536902

Listed
$1,450,000
03/23/2024
Houston

Houston #58536902

Removed

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

$1,136,886
Asking price
$1,250,000
Closing costs (~8% of asking)
-$100,000
Est. remaining loan balance
-$13,114
Cash to seller
$1,136,886

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

$13,114

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: 07/07/2024 at 7:00 PM

Listing updated: 05/25/2024 at 3:17 PM

Listed by: Ronnie Miranda, HomeSmart Phone #: (713) 785-6666

MLS: Houston #58536902

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