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$474,978Estimated home value

Beds
2
Baths
2.0
sq ft
1,744

511 16th St, Galveston, TX 77550

511 16th St

Galveston, TX 77550

  • Sold On 12/29/2020
Adorable 2 bedroom, 2 bath East End charmer, circa 1868 which has been extensively renovated from 2016 to present. This home is easily convertible to a 3 bedroom without any construction required (simply change the 2nd living area into a bedroom and use the curent "bar area" setup as a walk-in closet). Beautiful hardwood floors, vintage moldings and transoms, stainless steel appliances and a wonderful color pallet finish this vintage home to perfection. The upstairs bedrooms are roomy and easily accomodate king size beds, or a multiple bunk bed arrangement, and there's also a little child's bed nook at the top of the stairs. The backyard is what separates this property from most others on the East End. The outdoor space is completely private thanks to an epic vine wall creating privacy and is fenced and secured. It has a large, private outdoor shower, decking & misting system. Overzied one car garage large enough for a SUV.

Details

Property type

Single Family Residence

Est. home value

$474,978

Lot size

2,021 sq ft

Price per sq ft

$212

Year built

1868

Annual property taxes

$5,684

Price History

04/01/2025
Houston

Houston #41109305

Removed
11/01/2024
Houston

Houston #36968475

Removed
11/01/2024
Houston

Houston #41109305

Listed
$489,900

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

$77,628
Asking price
$369,500
Closing costs (~8% of asking)
-$29,560
Est. remaining loan balance
-$262,312
Cash to seller
$77,628

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

Seller’s Loan History

Lender

C & T Mortgage Inc

Loan start date

December 2020

Original loan amount

$290,000

Est. remaining balance

$262,312

Interest rate

2.84%

Loan type

New Conventional, 30 year

Seller

Tracy Hallman and David Lamar

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: 04/04/2025 at 3:25 PM

Listing updated: 10/10/2022 at 3:44 PM

Listed by: David Bowers, The House Company Phone #: (409) 763-8030

MLS: Houston #46534046

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