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General Description
minimizeWelcome to the Historic Panama Lofts located in the famous and very popular Strand District. This building was built in 1912 and opened in 1913 as the Panama Hotel. In 2005 work began to convert it to lofts. Exposed brick, hardwood floors, high ceilings and tall windows are only a few of the beautiful characteristics of this 2 bedroom, 2 bath (split plan). This floor plan makes great use of the square footage. Recent upgrades throughout...lighting, flooring, bathroom updates, kitchen updates, etc. Building offers very nice amenities: controlled entry, elevator, fitness room, private wine storage, individual caged storage for beach toys, bikes, luggage, etc., lovely lobby with kitchenette and half bath, gated parking adjacent to the building, and pool. Walking distance to numerous restaurants, bars, museums, cruise terminals, shopping and more! Short term rentals are not allowed.
Rooms/Lot Dimensions
Interior Features
Exterior Features
Additional Information
Financial Information
Selling Agent and Brokerage
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Property Tax
minimizeMarket Value Per Appraisal District
Cost/sqft based on Market Value
| Tax Year | Cost/sqft | Market Value | Change | Tax Assessment | Change |
|---|---|---|---|---|---|
| 2023 | $298.20 | $353,670 | 10.48% | $353,670 | 38.45% |
| 2022 | $269.91 | $320,110 | 37.85% | $255,442 | 10.00% |
| 2021 | $195.80 | $232,220 | 0.22% | $232,220 | 0.22% |
| 2020 | $195.37 | $231,710 | 19.15% | $231,710 | 19.15% |
| 2019 | $163.97 | $194,470 | 0.00% | $194,470 | 0.00% |
| 2018 | $163.97 | $194,470 | 0.00% | $194,470 | 0.00% |
| 2017 | $163.97 | $194,470 | -0.01% | $194,470 | -0.01% |
| 2016 | $163.98 | $194,481 | 0.00% | $194,481 | 0.00% |
| 2015 | $163.98 | $194,481 | 55.60% | $194,481 | 55.60% |
| 2014 | $105.39 | $124,991 | 0.00% | $124,991 | 0.00% |
| 2013 | $105.39 | $124,991 | 0.00% | $124,991 | 0.00% |
| 2012 | $105.39 | $124,991 | $124,991 |
2023 Galveston County Appraisal District Tax Value
| Market Land Value: | $10,080 |
| Market Improvement Value: | $343,590 |
| Total Market Value: | $353,670 |
2023 Tax Rates
| GALVESTON COUNTY: | 0.3676 % |
| GALVASTON COLLEGE: | 0.1320 % |
| NAVIGATION DIST 01: | 0.0285 % |
| COUNTY ROAD/FLOOD: | 0.0084 % |
| GALVASTON ISD: | 1.0350 % |
| GALVESTON CITY: | 0.4445 % |
| Total Tax Rate: | 2.0161 % |
Estimated Mortgage/Tax
minimize| Estimated Monthly Principal & Interest (Based on the calculation below) | $ 1,394 |
| Estimated Monthly Property Tax (Based on Tax Assessment 2023) | $ 594 |
| Home Owners Insurance | Get a Quote |
Subdivision Facts
minimize2023 Subdivision Facts
Schools
minimizeSchool information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
ASSIGNED SCHOOLS
Good |
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Property Map
minimize202 25th Street #204 Galveston TX 77550 was recently sold. It is a 1,186 SQFT, 2 Beds, 2 Full Bath(s) in Panama Historic Condos 2006.
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