tomo logo

$220,000

Beds
2
Baths
1.0
sq ft
656

5325 Avenue L, Galveston, TX 77551

5325 Avenue L

Galveston, TX 77551

  • 5 days on market
Back on the market due to the buyer's contingency sale falling through. This 2-bedroom, 1-bath cottage is perfectly situated on a generous 6,000 sq ft lot in the heart of Galveston. This is a wonderful opportunity for a first-time homebuyer, or investor looking to take advantage of this homes' potential. You'll find a functional layout with two comfortable bedrooms and a full bathroom. This home comes equipped with a 10x12 storage unit, offering extra space for tools, outdoor equipment, etc. The large lot provides plenty of room for expansion or the addition of outdoor amenities. Recent updates include a new fence and roof (2023), new floors and inside paint job (2024). Convenient off-street parking is available, with enough space for an RV. Whether you're looking for a great investment property or a charming starter home, this property has tons of potential! Located just minutes from Galveston’s beaches, shops, and dining. Don't miss out—schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$206,124

Lot size

5,998 sq ft

Price per sq ft

$336

Year built

1960

Annual property taxes

$3,318

Price History

03/25/2025
Houston

Houston #27968367

Listed
$220,000
11/18/2024
Houston

Houston #70779764

Removed
09/18/2024
Houston

Houston #70779764

Price change
$235,000
-4.04%

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

$25,226
Asking price
$220,000
Closing costs (~8% of asking)
-$17,600
Est. remaining loan balance
-$177,174
Cash to seller
$25,226

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

Seller’s Loan History

Lender

T2 Financial Llc

Loan start date

March 2023

Original loan amount

$181,649

Est. remaining balance

$177,174

Interest rate

6.15%

Loan type

FHA, 30 year

Seller

Candis Jones

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?

Similar Homes Nearby

Price drop
Houston
$239,000
2 bd
|
1.5 ba
|
1,672 sq ft
|
House

3508 Sealy St, Galveston, TX 77550

Houston
$219,900
2 bd
|
1 ba
|
1,028 sq ft
|
House

2209 Saladia St, Galveston, TX 77551

Status: Active

Tomo last checked: 03/30/2025 at 7:05 PM

Listing updated: 03/29/2025 at 3:11 PM

Listed by: Lesley Fontenot, Keller Williams Horizons Phone #: (409) 216-1015

MLS: Houston #27968367

Houston logo

Recently listed in Galveston

$450,000|3 bd|3.0 ba|House
$459,800|4 bd|3.0 ba|House
$1,400,000|4 bd|4.0 ba|House
$625,000|3 bd|3.0 ba|House
$285,000|3 bd|1.0 ba|House
$489,000|3 bd|2.5 ba|House
$340,000|2 bd|1.0 ba|House