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$485,000

Beds
5
Baths
3.0
sq ft
2,124

1511 Avenue M, Galveston, TX 77550

1511 Avenue M

Galveston, TX 77550

  • 75 days on market
    • Price drop $25,000↓
Step into a piece of history with this beautifully preserved 2-story Victorian home, boasting 5 spacious bedrooms and 3 luxurious baths. This home blends timeless elegance with contemporary conveniences. The heart of the home is the updated kitchen, featuring gleaming granite countertops, an island with a built-in cooktop, and ample space for culinary creations. Enjoy the charm of original hardwood floors that flow throughout, adding warmth and character to each room. Outside, the property continues to impress with a sparkling pool, perfect for relaxation and entertaining, and a 2-car garage providing ample storage and parking. Don't miss this rare opportunity to own a piece of history with all the modern amenities you desire!

Details

Property type

Single Family Residence

Est. home value

$700,004

Lot size

4,199 sq ft

Price per sq ft

$229

Year built

1914

Annual property taxes

$12,067

Price History

11/04/2024
Houston

Houston #63204027

Price change
$485,000
-4.9%
10/04/2024
Houston

Houston #63204027

Price change
$510,000
-3.77%
09/03/2024
Houston

Houston #63204027

Listed
$530,000

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

-$128,430
Asking price
$485,000
Closing costs (~8% of asking)
-$38,800
Est. remaining loan balance
-$574,630
Cash to seller
-$128,430

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

Seller’s Loan History

Lender

Cardinal Financial Company Lp

Loan start date

October 2021

Original loan amount

$616,420

Est. remaining balance

$574,630

Interest rate

2.87%

Loan type

VA, 30 year

Seller

Valerie Rescinith

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: 11/18/2024 at 9:25 AM

Listing updated: 11/04/2024 at 5:38 PM

Listed by: Lynn Beardslee, JPAR - The Sears Group Phone #: (713) 357-0068

MLS: Houston #63204027

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