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General Description

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One of the more elegant and prestigious condos in the Downtown/Strand area! The historic Panama Building is located on the corner of Strand and 25th Street. The 29 windows in this corner, third floor unit maximize your views of the downtown area and is convenient to restaurants, bars, entertainment and all downtown Galveston events. Features include: Kohler kitchen sink and faucet, granite island cabinet, granite kitchen countertop and backsplash, crown molding in every room, exposed brick, hardwood floors throughout, LG oven and range top, built-in living room bookshelf, high ceilings, Kohler bathroom sinks, personal wine cabinet. Building amenities include: personal storage space on first floor, small gym on premises, lobby can be reserved for owners’ private parties, gated parking area and a rare find in downtown: a swimming pool. Air-conditioner compressor replaced 9/2021. Perfect for getaway second home/permanent residence. Enjoy living the downtown, island lifestyle today!

MLS#:

2285659 (HAR)

Sold Price Range:

$482,001 - $552,000

Listing Status:

Sold

Address:

202 25th Street #306

Unit No.:

306

City:

Galveston

State:

Zip Code:

77550

County:

Galveston County

Subdivision:

Panama Historic Condos 2006 (View subdivision price trend)

Legal Description:

PANAMA HISTORIC CONDOS (2006) ABST 628 UNIT 306 & 5.263% INT

Property Type:

Townhouse/Condo - Condominium

Bedrooms:

3 Bedroom(s)

Baths:

2 Full & 1 Half Bath(s)

Stories:

Style:

Other Style

Year Built:

1989 / Appraisal District

Building Sqft.:

2,300 /Appraisal District

Lot Size:

2,300 Sqft. /Appraisal District

Maintenance Fee:

$ 600 / Monthly

Key Map©:

334D

Market Area:

Downtown - Galveston/The Strand

Rooms/Lot Dimensions

Living:

37x16, 1st

Kitchen:

10x8, 1st

Primary Bedroom:

15x12, 1st

Bedroom:

12x10, 1st

Bedroom:

12x10, 1st

Interior Features

Floors:

Tile, Wood

Heating:

Central Electric

Cooling:

Central Electric

Microwave:

Yes

Oven:

Electric Oven

Range:

Electric Range

Dishwasher:

Yes

Appliances:

Dryer Included, Stacked, Washer Included

Energy Feature:

Ceiling Fans

Interior:

Brick Walls, Drapes/Curtains/Window Cover, High Ceiling, Refrigerator Included, Spa/Hot Tub

Exterior Features

Roof:

Other

Foundation:

Slab

Private Pool:

Yes

Private Pool Desc:

In Ground

Exterior Type:

Brick

Parking:

Paved Area

Controlled Access:

Driveway Gate

Water Sewer:

Public Sewer, Public Water

Unit Location:

On Corner, Overlooking Pool

Area Pool:

Yes

Exterior:

Exercise Room, Storage

Additional Information

List Type:

Exclusive Right to Sell/Lease

Buyer Agent Compensation*:

Sub Agent Compensation*:

*Disclaimer: Listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Financial Information

Other Fees:

Yes / 250 Transfer / Please read agent notes

Maintenance Fee:

Yes / $600 / Monthly

Maint Fee Includes:

Cable TV, Clubhouse, Exterior Building, Grounds, Insurance, Trash Removal, Water and Sewer

Taxes w/o Exemp:

$7, 080/2021

Tax Rate:

2.0662

Selling Agent and Brokerage

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Selling Agent

Lead of Latitude 29 Group

Clay Conrad

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Selling Broker information is not available.

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Request Home Value

Property Tax

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Cost/sqft based on Market Value

Tax Year	Cost/sqft	Market Value	Change	Tax Assessment	Change
2023	$213.48	$491,000	4.36%	$491,000	30.27%
2022	$204.56	$470,480	37.31%	$376,904	10.00%
2021	$148.97	$342,640	0.22%	$342,640	8.25%
2020	$148.65	$341,900	18.82%	$316,525	10.00%
2019	$125.11	$287,750	0.00%	$287,750	0.00%
2018	$125.11	$287,750	0.00%	$287,750	0.00%
2017	$125.11	$287,750	0.00%	$287,750	0.00%
2016	$125.11	$287,750	0.00%	$287,750	0.00%
2015	$125.11	$287,750	2.77%	$287,750	2.77%
2014	$121.74	$280,000	0.00%	$280,000	0.00%
2013	$121.74	$280,000	0.00%	$280,000	0.00%
2012	$121.74	$280,000		$280,000

2023 Galveston County Appraisal District Tax Value

Market Land Value:	$19,550
Market Improvement Value:	$471,450
Total Market Value:	$491,000

galveston County Appraisal District

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

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$2,578 Monthly

Estimated Monthly Principal & Interest (Based on the calculation below)	$ 1,753
Estimated Monthly Property Tax (Based on Tax Assessment 2023)	$ 825825
Home Owners Insurance	Get a Quote

List Price

Loan Term

Months

Years

Down Payment

Annual Interest Rate

Estimated Monthly Principal & Interest

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Subdivision Facts

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2023 Subdivision Facts

Subdivision Name:

Panama Historic Condos

County / Zip Code:

77550

Single Family Properties:

Average Bedrooms:

Average Baths:

Median Square Ft.:

1,171

Median Lot Square Ft.:

1,171

Median Year Built:

1898

Median Appraised Value:

$343,633

Neighborhood Value Range:

$241 - $491 K

Median Price / Square ft.:

$390.24

View Price Trends for Panama Historic Condos

Schools

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School 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

Ball High School High . 09 - 12 . GALVESTON ISD

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Property Map

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202 25th Street #306, Galveston, TX 77550 Directions

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Street View Birds Eye View

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202 25th Street #306 Galveston TX 77550 was recently sold. It is a 2,300 SQFT, 3 Beds, 2 Full Bath(s) & 1 Half Bath(s) in Panama Historic Condos 2006.

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