tomo logo

$235,000

Beds
2
Baths
1.0
sq ft
656

5325 Avenue L, Galveston, TX 77551

5325 Avenue L

Galveston, TX 77551

  • 4 days on market
This cozy 2-bedroom, 1-bathroom 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, small family, or investor looking to take advantage of this homes' potential. You'll find a functional layout with two comfortable bedrooms and a full bathroom. The home comes equipped with 1-year-old appliances that will convey with the property. As well as 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. 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

$359

Year built

1960

Annual property taxes

$2,923

Price History

11/18/2024
Houston

Houston #70779764

Removed
11/18/2024
Houston

Houston #10130998

Listed
$235,000
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

$38,242
Asking price
$235,000
Closing costs (~8% of asking)
-$18,800
Est. remaining loan balance
-$177,958
Cash to seller
$38,242

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

$177,958

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
$215,000
2 bd
|
1 ba
|
988 sq ft
|
House

1106 57th St, Galveston, TX 77551

Price drop
Houston
$240,000
2 bd
|
1 ba
|
708 sq ft
|
House

2219 45th St, Galveston, TX 77550

Houston
$239,000
2 bd
|
1 ba
|
966 sq ft
|
House

1315 40th St, Galveston, TX 77550

Status: Active

Tomo last checked: 11/23/2024 at 1:40 PM

Listing updated: 11/19/2024 at 4:04 AM

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

MLS: Houston #10130998

Houston logo

Recently listed in Galveston

$499,000|2 bd|2.0 ba|House
$779,500|3 bd|3.0 ba|House
$850,000|4 bd|3.5 ba|House
$320,000|3 bd|2.0 ba|House
$235,000|2 bd|1.0 ba|House
$550,000|12 bd|5.0 ba|House
$335,000|3 bd|2.0 ba|House
$2,375,000|5 bd|4.5 ba|House