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$348,507Estimated home value

Beds
2
Baths
1.5
sq ft
1,056

2506 40th St, Galveston, TX 77550

2506 40th St

Galveston, TX 77550

  • Off market
    • Price drop $6,000↓
Discover this charming home just two blocks from Seawall Blvd! This beautifully renovated Galveston home features an additional 200 square feet, expanding the primary bedroom and adding a spacious laundry room adjacent to the kitchen. Highlights include generous bedroom closets, a striking accent wall in the dining area crafted from hand-scraped mahogany imported from China, and stylish bathroom floor tiles from Spain. Enjoy a delightful backyard with a covered patio, and a newly added carport for extra parking. Conveniently located within walking distance of the beach, Pleasure Pier, and Gaidos Restaurant. Property grossed $38k in 2023.

Details

Property type

Single Family Residence

Est. home value

$348,507

Lot size

3,306 sq ft

Price per sq ft

$298

Year built

1965

Annual property taxes

$4,649

Price History

09/17/2024
Houston

Houston #90514735

Removed
09/04/2024
Houston

Houston #90514735

Price change
$314,000
-1.88%
08/24/2024
Houston

Houston #90514735

Price change
$320,000
-1.54%

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

$62,918
Asking price
$314,000
Closing costs (~8% of asking)
-$25,120
Est. remaining loan balance
-$225,962
Cash to seller
$62,918

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

Seller’s Loan History

Lender

Hometrust Mortgage Co

Loan start date

November 2021

Original loan amount

$240,000

Est. remaining balance

$225,962

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Adam Wright

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: Off Market

Tomo last checked: 09/19/2024 at 10:55 PM

Listing updated: 09/04/2024 at 10:52 AM

Listed by: Kelsey Ardoin, eXp Realty LLC Phone #: (888) 519-7431

MLS: Houston #90514735

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