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$610,000

Beds
4
Baths
3.0
sq ft
2,487

3616 Avenue L, Galveston, TX 77550

3616 Avenue L

Galveston, TX 77550

  • 281 days on market
This recently updated multi family property hosts a historic 2-beds, 2-baths home, located in the East End District of Galveston that provides easy and convenient access to the beach, as well as local restaurants and shops! Located at the back of the property, there is a 2-bed, 1-bath apartment with a living room, full kitchen and two car garage! This property provides a great opportunity for any investor with major potential as a short term rental. This beautiful home has its original wood flooring, as well as original wood shiplap paneling throughout to give it updated yet timeless character. Hosting a spacious floor plan that provides seamless and convenient access between the dining, kitchen, and living areas. Large windows provide entry to an abundance of natural light, giving this home an airy, charming feeling. This property is a perfect mix of classic charm and modern comfort, in a great location! Investors you don’t want to miss out on this one!

Details

Property type

Single Family Residence

Est. home value

$651,888

Lot size

4,966 sq ft

Price per sq ft

$246

Year built

1965

Annual property taxes

$9,813

Price History

02/05/2024
Houston

Houston #7682217

Removed
02/05/2024
Houston

Houston #25752356

Listed
$610,000
-0.81%
12/12/2023
Houston

Houston #7682217

Price change
$615,000
-3.83%

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

$35,777
Asking price
$610,000
Closing costs (~8% of asking)
-$48,800
Est. remaining loan balance
-$525,423
Cash to seller
$35,777

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

Seller’s Loan History

Lender

Ocmbc Inc

Loan start date

August 2023

Original loan amount

$532,000

Est. remaining balance

$525,423

Interest rate

6.81%

Loan type

Not Provided, 30 year

Seller

Larry Pace

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: 11/12/2024 at 2:10 PM

Listing updated: 06/20/2024 at 5:15 PM

Listed by: Kaleb Monroe, Real Broker, LLC Phone #: (855) 450-0442

MLS: Houston #25752356

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