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General Description

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Motivated seller! Priced to sell! Beautifully renovated historic mid-rise in the heart of Downtown Galveston. Wonderful opportunity to own a penthouse loft on the fifth floor of The Strand Lofts with magnificent views of the bay harborside. Spacious open concept living with gorgeous exposed beams, original brick walls, hardwood floors and high end finishes throughout. Oversized island kitchen, granite countertops, stainless appliances, and an abundance of storage makes this the perfect kitchen for the foodie enthusiast as well as entertaining. Both bedrooms have plenty of closet space plus there is an additional storage unit for decorations, etc. You can bring the entertaining outdoors to the rooftop balcony with amazing views. Within walking distance to all that downtown has to offer, The Strand, Post Office Street, restaurants, shopping, art, and the theater. You will not want to miss out on this opportunity to enjoy downtown living rather it is on the weekends or all year round.

MLS#:

13099219 (HAR)

Sold Price Range:

$420,001 - $482,000

Listing Status:

Sold

Address:

2400 Mechanic Street #501

Unit No.:

501

City:

Galveston

State:

Zip Code:

77550

County:

Galveston County

Building Name:

THE STRAND LOFTS

Legal Description:

THE STRAND LOFTS CONDOS (2015) ABST 628, UNIT 501, 3.69% COM

Property Type:

Mid/Hi-Rise Condo

Loft:

Yes

Bedrooms:

2 Bedroom(s)

Baths:

2 Full Bath(s)

Year Built:

2014 / Appraisal District

Building Sqft.:

1,685 /Appraisal District

Maintenance Fee:

$ 838 / Monthly

Key Map©:

334D

Market Area:

Downtown - Galveston/The Strand

Rooms/Lot Dimensions

Primary Bedroom:

13X13, 1st

Bedroom:

11X11, 1st

Interior Features

Countertop:

Granite

Floors:

Stone, Tile, Wood

Kitchen Description:

Breakfast Bar, Island w/o Cooktop, Kitchen open to Family Room, Under Cabinet Lighting

Room Description:

1 Living Area, Kitchen/Dining Combo, Living/Dining Combo, Loft

Bathroom Description:

Double Sinks, Primary Bath Shower Only

Bedroom Description:

En-Suite Bath

Cooling:

Central Electric

Heating:

Central Electric

Washer/Dryer Conn:

Yes

Dishwasher:

Yes

Microwave:

Yes

Oven:

Electric Oven

Range:

Electric Range

Disposal:

Yes

Appliances:

Dryer Included, Refrigerator, Washer Included

Energy Feature:

Digital Program Thermostat

Interior:

Brick Walls, Central Laundry, Elevator, Formal Entry/Foyer, Refrigerator Included

Exterior Features

Private Pool:

Lot Description:

Water View

Water Amenity:

Bay View

Parking:

Assigned Parking, Controlled Entrance, Unassigned Parking

Parking Space:

Controlled Access:

Card/Code Access

Building Features:

Storage Outside of Unit

Unit Location:

Water View

Area Pool:

Exterior:

Balcony/Terrace, Exercise Room, Storage, Trash Pick Up

Additional Information

List Type:

Exclusive Right to Sell/Lease

Management Co Onsite:

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

Financing Considered:

Cash Sale, Conventional

Other Fees:

Maintenance Fee:

Yes / $838 / Monthly

Maint Fee Includes:

Building & Grounds, Insurance Common Area, Intrusion Alarm System, Recreational Facilities, Trash Removal, Water and Sewer

Taxes w/o Exemp:

$9, 808/2020

Tax Rate:

2.3966

Selling Agent and Brokerage

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Selling Agent and Broker information is not available.

Property Tax

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Cost/sqft based on Market Value

Tax Year	Cost/sqft	Market Value	Change	Tax Assessment	Change
2023	$238.08	$401,170	0.81%	$401,170	0.81%
2022	$236.16	$397,930	30.85%	$397,930	30.85%
2021	$180.48	$304,110	-25.69%	$304,110	-25.69%
2020	$242.88	$409,260	-3.80%	$409,260	5.51%
2019	$252.48	$425,430	20.64%	$387,904	10.00%
2018	$209.28	$352,640	84.74%	$352,640	84.74%
2017	$113.28	$190,880	0.00%	$190,880	0.00%
2016	$113.28	$190,880	-50.00%	$190,880	-50.00%
2015	$226.56	$381,760		$381,760

2023 Galveston County Appraisal District Tax Value

Market Land Value:	$29,120
Market Improvement Value:	$372,050
Total Market Value:	$401,170

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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$2,507 Monthly

Estimated Monthly Principal & Interest (Based on the calculation below)	$ 1,833
Estimated Monthly Property Tax (Based on Tax Assessment 2023)	$ 674674
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:

Strand Lofts

County / Zip Code:

77550

Single Family Properties:

Average Bedrooms:

Average Baths:

1.03

Median Square Ft.:

1,228

Median Lot Square Ft.:

1,228

Median Year Built:

2014

Median Appraised Value:

$306,244

Neighborhood Value Range:

$252 - $401 K

Median Price / Square ft.:

$333.33

View Price Trends for Strand Lofts

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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2400 Mechanic Street #501, Galveston, TX 77550 Directions

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Street View Birds Eye View

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2400 Mechanic Street #501 Galveston TX 77550 was recently sold. It is a 1,685 SQFT, 2 Beds, 2 Full Bath(s) in THE STRAND LOFTS.

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THE STRAND LOFTS