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$569,000

Beds
4
Baths
3.0
sq ft
1,300

1506 Avenue O, Galveston, TX 77550

1506 Avenue O

Galveston, TX 77550

  • 20 days on market
A rare property due to it's location, double lot size & ocean views. Expansive, partially covered balcony on main floor & beach access right across the street. Vintage, 1920's home has been converted into an Art lover's family retreat. All new mechanicals + new roof + downstairs private hot tub & hammock area + game room + extra suite downstairs + HUGE storage/tandem garage, has potential for further expansion. 2500 SQUARE FEET if you include the downstairs interiors. Easy walk to great restaurants, bars, shops, pleasure pier, Galvez. A Walk, Bike or golf cart away from everything worth doing in Galveston. Rentals are all a short walk away. Private driveway parks up to 3 vehicles. Comes with great residential, street parking passes! Large front yard with fire pit and palm trees. Loose building restrictions. Furnished w exclusions.

Details

Property type

Single Family Residence

Est. home value

$403,748

Lot size

4,439 sq ft

Price per sq ft

$438

Year built

1965

Annual property taxes

$6,351

Price History

06/13/2024
Houston

Houston #64645870

Removed
06/13/2024
Houston

Houston #66651650

Listed
$569,000
-4.53%
04/05/2024
Houston

Houston #64645870

Listed
$596,000

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

$166,816
Asking price
$569,000
Closing costs (~8% of asking)
-$45,520
Est. remaining loan balance
-$356,664
Cash to seller
$166,816

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

Seller’s Loan History

Lender

Acc Mortgage Inc

Loan start date

June 2023

Original loan amount

$360,750

Est. remaining balance

$356,664

Interest rate

6.43%

Loan type

New Conventional, 30 year

Seller

Stephen Allen Heiman

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: 07/03/2024 at 2:00 PM

Listing updated: 06/14/2024 at 4:04 AM

Listed by: Lana Heiman, Meadows Property Group Phone #: (713) 673-8263

MLS: Houston #66651650

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