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$299,500

Beds
4
Baths
3.0
sq ft
2,053

11949 Termini San Luis Pass Rd Unit 104, Galveston, TX 77554

11949 Termini San Luis Pass Rd Unit 104

Galveston, TX 77554

  • 86 days on market
    • Price drop $50,000↓
Discover beach living at its finest, priced to sell at just $299,500 well below recent appraised value of $475,000! This move-in-ready gem offers unmatched value as the lowest price per square foot beachfront property on the island. Breathtaking 270-degree ocean views from a freshly remodeled interior. Newly installed hurricane-rated windows and sliding glass doors, $80,000 upgrade. HOA dues $2,819/month and cover water, sewer, garbage, insurance, and exterior maintenance, providing hassle-free living. The HOA fees may seem expensive, but when was the last time you quoted insurance on a beach home? Since the building is covered via HOA dues, the owner’s personal insurance is a fraction of what a similar sized single family home would be. Short term rentals aren’t allowed, giving you a peaceful community. However, you can rent your property for 60 days or more, allowing you to earn income to off-set the cost of your dream vacation home. Many other condos on the island limit rentals.

Details

Property type

Condominium

Est. home value

$605,758

Lot size

Unknown

Price per sq ft

$146

Year built

1985

Annual property taxes

$10,595

Monthly HOA fee

$2,819

Price History

12/04/2024
Houston

Houston #97476823

Price change
$299,500
-18.94%
09/26/2024
Houston

Houston #97476823

Listed
$369,500
07/12/2024
Houston

Houston #59582261

Removed

Schools & Community

Elementary school: 

GISD OPEN ENROLL

Middle school: 

GISD OPEN ENROLL

High school: 

BALL HIGH SCHOOL

School district: 

Galveston

Seller’s Loan History

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

Lender

Gold Coast Equity Llc

Loan start date

May 2022

Original loan amount

$250,000

Est. remaining balance

Not provided

Interest rate

4.42%

Loan type

Not Provided

Seller

R & P Straingies Llc

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?

Status: Active

Tomo last checked: 12/22/2024 at 10:25 AM

Listing updated: 12/04/2024 at 1:23 PM

Listed by: Deborah Jamail, UTR TEXAS, REALTORS Phone #: (281) 282-0935

MLS: Houston #97476823

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