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$489,900

Beds
2
Baths
2.0
sq ft
1,744

511 16th St, Galveston, TX 77550

511 16th St

Galveston, TX 77550

  • 50 days on market
Adorable Victorian home from 1868 w a rich history that blends historic elegance w modern comfort. Located on a corner lot blocks from the beach & the bay, this 2BD/2BTH residence has a garage for off-street parking. The expansive covered patio provides a tranquil retreat with ample space for seating & outdoor dining, perfect for relaxation and entertaining. It combines timeless appeal with coastal convenience. The galley kitchen features classic black-white checkered flooring, granite countertops & stainless steel appliances. A pass-through window connects you to the dining room, which offers large windows with plantation shutters, wood floors, crown molding. The spacious living room offers comfort & sophistication with wood floors & large windows with plantation shutters. A home office provides a dedicated space for work. Upstairs, a unique alcove bed adds charm & functionality, along with 2 spacious bedrooms.

Details

Property type

Single Family Residence

Est. home value

$474,978

Lot size

2,021 sq ft

Price per sq ft

$281

Year built

1868

Annual property taxes

$6,479

Price History

11/01/2024
Houston

Houston #36968475

Removed
11/01/2024
Houston

Houston #41109305

Listed
$489,900
10/30/2024
Houston

Houston #36968475

Price change
$489,900
-5.52%

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

$186,102
Asking price
$489,900
Closing costs (~8% of asking)
-$39,192
Est. remaining loan balance
-$264,606
Cash to seller
$186,102

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

$264,606

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: Active

Tomo last checked: 12/22/2024 at 4:35 AM

Listing updated: 12/07/2024 at 1:08 PM

Listed by: Lisa Carnes, Carnes Realty Group LLC Phone #: (918) 527-7724

MLS: Houston #41109305

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