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$295,000

Beds
1
Baths
1.0
sq ft
820

202 25th St Unit 301, Galveston, TX 77550

202 25th St Unit 301

Galveston, TX 77550

  • 138 days on market
    • Price drop $15,000↓
Lovely 1/1 corner unit in the Historic Panama Building! Situated on the corner of 25th and The Strand, The Panama Building offers owners controlled access, gated parking, a fitness room, lobby/entertaining area with bar, ice machine, and wine chiller, secured storage on main floor along with a personal wine cabinet, a sparkling pool and grilling area. If you love historic lofts, this furnished unit features original brick walls, soaring 14' ceilings, gorgeous pine floors, tons of windows providing natural light, an open living area and large bedroom with ensuite bath. Just a short stroll to the Port if you are taking a cruise and walking distance to tons of shopping and restaurants.

Details

Property type

Condominium

Est. home value

$334,277

Lot size

Unknown

Price per sq ft

$360

Year built

1898

Annual property taxes

$5,491

Monthly HOA fee

$725

Price History

01/03/2025
Houston

Houston #88191479

Listed
$295,000
12/06/2024
Houston

Houston #88191479

Removed
11/07/2024
Houston

Houston #88191479

Price change
$295,000
-4.84%

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

$187,228
Asking price
$295,000
Closing costs (~8% of asking)
-$23,600
Est. remaining loan balance
-$84,172
Cash to seller
$187,228

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

December 2021

Original loan amount

$90,000

Est. remaining balance

$84,172

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Pat M Melder

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: 01/08/2025 at 9:40 PM

Listing updated: 01/03/2025 at 11:48 AM

Listed by: Susanna Mayberry, RE/MAX Leading Edge Phone #: (409) 744-3300

MLS: Houston #88191479

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